LEADING EXPLORATION IN JAMES BAY EASTMAIN RESOURCES INC. TSX:ER; - - PowerPoint PPT Presentation

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LEADING EXPLORATION IN JAMES BAY EASTMAIN RESOURCES INC. TSX:ER; OTCQX:EANRF CORPORATE PRESENTATION JUNE 2017 FORWARD-LOOKING STATEMENTS Certain information set forth in this presentation may contain forward-looking statements that

SLIDE 1

LEADING EXPLORATION IN JAMES BAY

EASTMAIN RESOURCES INC. TSX:ER; OTCQX:EANRF

CORPORATE PRESENTATION – JUNE 2017

SLIDE 2

FORWARD-LOOKING STATEMENTS

Certain information set forth in this presentation may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to any potential director nominations, actions taken in respect

f director nominations received by Eastmain, actual results of current and future exploration activities at the

Company's properties, and the potential success of the Company’s future exploration and development

strategies. These forward-looking statements are subject to numerous risks and uncertainties, certain of which

are beyond the control of Eastmain, including, but not limited to he results of matters to be considered at the upcoming annual and special meeting of shareholders of Eastmain, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update such information, except as may be required by law.

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 2

SLIDE 3

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 3

MANAGEMENT STRENGTH MOST ACTIVE JUNIOR IN JAMES BAY TOP LAND POSITION; DISTRICT POTENTIAL 3 KEY ASSETS Ø 1,320 sq km of properties Ø Archean greenstone belt Ø Emerging gold camp Clearwater: Advancing Towards Development Eastmain Mine: Historic production & resources Eleonore South JV: JV partners Goldcorp and Azimut Ø 2-7 active drill rigs Ø Testing the growth potential of 3 key assets Ø Significant infrastructure nearby Ø Recognized board and management team Ø Track record of exploration, development and production success

EASTMAIN RESOURCES

AGGRESSIVE EXPLORATION IN JAMES BAY, QUEBEC

1 2 3

SLIDE 4

EASTMAIN CAPITAL STRUCTURE

TSX:ER

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 4

CAPITAL STRUCTURE June 16, 2017 Shares outstanding 193,011,814 Options (W Avg Life – 5.4 yrs, $0.69) 10,153,605 Warrants (expiry 11/10/18 , $0.50) 6,899,999 Fully-Diluted 210,065,418 Market Capitalization (20-day VWAP) $75 million Share Price (20-day VWAP) $0.39 52 Week High/Low $0.97 - $0.35 Daily Avg Vol (20-day avg) 861,011

CASH & MARKETABLE SECURITIES

C$13.8M

ANALYST SUPPORT

ANALYST PT (CONS) : $1.04

Pending new analyst

SLIDE 5

SHAREHOLDER SUPPORT 2016 → 2017

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 5

INSTITUTIONAL SHAREHOLDERS - 37% Polygon ⇡ 17.1 million 8.9% Integra Gold (Eldorado) ⇣ 8.9 million 4.6% Van Eck ⇡ 8.0 million 4.1% RBC Asset Management (new) 7.7 million 4.0% Gabelli & Company ⇡ 3.6 million 1.9% Konwave Gold 2000 ⇡ 2.8 million 1.5% Caisse du Depot (Sodémex) ⇡ 2.6 million 1.3% Mackenzie Investments (new) 2.0 million 1.0% AGF (new) 1.6 million 0.8% US Global ⇡ 1.5 million 0.8% Commodity Discovery Fund (new) 1.5 million 0.8% Evanachan (same) 1.0 million 0.5% SIDEX ⇡ 0.9 million 0.5% Industrial Alliance Inv Mgmt (new) 0.8 million 0.4% INSIDERS - 2% Claude Lemasson 1.5 million 0.8% Blair Schultz 1.1 million 0.6% Mike Hoffman 0.3 million 0.2% Joe Fazzini 0.3 million 0.2% Laurie Curtis 0.2 million 0.1%

46%

INCREASE TO INSTITUTIONAL HOLDERS

5 10 15 20 25 30 35 40 2016 2017

SLIDE 6

$0 $20 $40 $60 $80 $100 $120 $140 $160

Osisko Mining Probe Metals ATAC Resources Auryn Resources Integra Gold IDM Mining Pure Gold Marathon Gold Treasury Metals Sabina Gold & Silver Victoria Gold Eastmain Resources

EV Per Ounce (C$/oz)

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 6

SIGNIFICANT VALUE OPPORTUNITY – EV/OZ

UPCOMING CATALYSTS SHOULD INCREASE VALUE IN LINE WITH PEERS

AVERAGE $74 PER EV/OZ

Data compiled by Laurentian Securities based on most recent company financial reports, June 16, 2017. *Eastmain data Includes Clearwater MI&I mineral resources (June 2015) and Eastmain Mine historic resources (255,000 oz @ 10 g/t Au).

Eldorado bid

SLIDE 7

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 7

THE DEVELOPMENT PATH

ACCELERATING THE MOMENTUM

EXPLORATION ADVANCED EXPLORATION DEVELOPMENT PRODUCTION Eléonore South JV (15% spend) Ø Exploration targeting a gold system prospective corridor next to world-class producing mine Ø JV Partners: Goldcorp and Azimut Eastmain Mine Project (25% spend) Ø High-grade gold, silver and copper Ø Historic resource conversion to NI 43-101 compliance - 3Q 2017 Ø Exploration NW along the mine trend, with focus around the new Julien Discovery Clearwater’s Eau Claire Deposit (60% spend) Ø Updated mineral resource - 3Q 2017 Ø Baseline environmental studies - 2H 2017 Ø Growth-focused exploration around Eau Claire and surrounding satellite targets - 2H 2017 Ø PEA - 1Q 2018

1 2 3

SLIDE 8

CENTRAL JAMES BAY GOLD CAMP

CANADA’S EMERGING GOLD DISTRICT Production

The Canadian Shield has produced over 200 million

unces of gold

Life Cycle

James Bay is one of the youngest camps in the Canadian shield

Exploration

Potential for many more discoveries as exploration advances

Development

Improved infrastructure to speed up pace of exploration

1. The production and reserve figure for James Bay Central Camp includes Eastmain’s resources as there are currently no reserves. 2. The Eastmain mine extracted 40,000 ounces in 1995. 3. Casa Berardi and

Chibougamau are located in Southern James Bay Source: Company reports, government studies, and academic journals. Compiled in 2016.

Central James Bay Rice Lake Casa Berardi Detour Hemlo Chibougamau Red Lake Rouyn-Noranda Val D’or Kirkland Lake Timmins 7 2 3 23 21 7 28 20 30 45 74

Production & Reserves (Millions of Ounces) First Gold Pour (Year)

2014 2005 1988 1983 1981 1952 1930 1927 1923 1915 1909

District

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 8

SLIDE 9

AN EMERGING GOLD CAMP

SUPERIOR INFRASTRUCTURE – HIGH QUALITY ASSETS

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 9

Ruby Hill Lac Lessard

Note: Clearwater is accessible via a commercial airport at Nemaska, located 80 kms south

f the project. Route 167 Nord has been constructed from Temiscamie north to the Renard

Project, providing permanent road access to the Eastmain Mine project.

Eastmain Mine

Route 167 Nord All-season road

Clearwater

Lac Hudson Reservoir Lidge Lac Elmer Radisson

Eléonore South JV

JAMES BAY, QUEBEC

50KM

Eastmain

James Bay

Mistissini Temiscamie Éléonore Mine Goldcorp Renard Mine Stornoway Troilus Mine Copper One Wemindji Waskaganish Chisasibi Nemaska Radisson

Lac Clarkie

Total property portfolio - 132,088 hectares 1 2 3

Whabouchi Nemaska Lithium

SLIDE 10

CLEARWATER PROJECT

SYSTEMATIC ADVANCEMENT AND AGGRESSIVE EXPLORATION

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 10

INFRASTRUCTURE: 30-person camp incl. full-kitchen, core-shack and cabins, hydro-power (20 kms away), all- season roads and nearby airports DISTRICT-SIZED POTENTIAL IN STRONG JURISDICTION

Advancing the Eau Claire deposit & testing the surrounding targets at Clearwater and Clarkie
2017-2018 growth focus:
From 400 m – 750 m, below known M&I mineral resources
Eastern extension of Eau Claire and potential satellite targets
40 km major structure (deformation zone) along southern border of the properties

SLIDE 11

2017 GROWTH DRILLING OBJECTIVES

POTENTIAL OPEN PIT AND U/G MINING AT EAU CLAIRE

EXTEND high-grade schist veins and main E-W trending veins

EXPAND limits of the mineralized envelope

EXPLORE east of Eau Claire, including the Snake Lake target

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 11 Note 1. Technical Report for the Eau Claire Deposit, Clearwater Project by SRK Consulting (June 2015) filed

n SEDAR.

Mineral Resource Estimate1 2015 M&I: 951,000 oz @ 4.1 g/t Au INF: 633,000 oz @ 3.9 g/t Au EAU CLAIRE DRILLING PROGRAM OBJECTIVES

1 2 3

750 m depth

SLIDE 12

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 12

NEW FOCUS – HIGH-GRADE SCHIST VEINS

BROADER INTERCEPTS & HIGHER GRADES

1,100 m

DOWNDIP VIEW OF EAST-WEST MAIN VEINS (45o)

EAST-WEST MAIN VEINS HIGH-GRADE SCHIST VEINS 450W ZONE- EAU CLAIRE DEPOSIT

WIRE FRAMES OF CURRENT INTERPRETATION

SLIDE 13

EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 13

HIGH-GRADE SCHIST VEINS & EAST-WEST MAIN VEINS

CROSS-SECTIONS

Schist veins intersect main EW-trending veins
Broader intercepts and higher grades than the main veins
Schists are extensively altered, trend ESE within sheared corridors of gold-bearing metavolcanic rock

HGS-04 ➤ 650 m strike x 310 m dip HGS-02 ➤ 350 m strike x 339 m dip

SLIDE 14

HIGHLIGHTS AND CATALYSTS

EXPLORING THE CLEARWATER PROPERTY HIGHLIGHTS GROWTH of mineral resources EXPANSION of vein limits NEW SCHIST VEINS potentially analogue to Integra’s Sigma deposit UPCOMING CATALYSTS Growth-focused drilling program (2H 2017) Mineral resource update (3Q 2017) Maiden Preliminary Economic Assessment (1Q 2018)

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 14

Quartz-tourmaline main vein Clearwater’s 30-man camp Eau Claire Outcrop (500 m x 200 m)

SLIDE 15

EASTMAIN MINE PROJECT REVITALIZATION

INFRASTRUCTURE AND EXPLORATION UPSIDE

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 15

Road to Eastmain 50-Man Camp PROPERTY - 8,014 hectares Permanent all-weather road, onsite airstrip, generator-power 50 person-camp incl. full-kitchen, core shack and cabins James Bay gold district greenstone belt (volcanics) 100% ownership

Stornoway Renard MIne

HISTORIC MINING & RESOURCE

MINED: 40,000 ozs at 10.58 g/t Au (1995)
RESOURCE1: 255,750 oz of 10 g/t Au in

878,000 tonnes (A&B and C Zones) (1999 & 2004)

$40M invested by previous owners on

exploration & development

Note 1. The Eastmain Mine (past-producing) Historical Resources is not NI 43-101

compliant. A Qualified

Person has not done sufficient work to classify them as mineral resources. The issuer is not treating these historical resources as current mineral resources and these resources should not be relied on.

SLIDE 16

EASTMAIN MINE PROJECT – UNTAPPED POTENTIAL

MINING (1995), RESOURCES CONFIRMED (1999 & 2004), NEW DISCOVERY (2017)

Eastmain Mine Camp looking NW along mine trend to surface targets Route 167 Road, part of Plan Nord

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 16

Mine trend intercepted downhole MINE TREND EXPLORATION FOCUS

HIGHLIGHTS NEW MINERAL RESOURCE EXPAND JULIEN DISCOVERY EXPLORE OTHER SIGNIFICANT TARGETS UPCOMING CATALYSTS IP survey – (results pending) Exploration program - 2H 2017 Historic resource conversion to NI43-101 compliance – 3Q 2017 100 m

DISCOVERY

SLIDE 17

ÉLÉONORE SOUTH JV PROPERTY

DRILLING SUCCESS ON MONI AND TRENCH PROSPECTS

Property size: 147 sq km JOINT VENTURE PARTNERS:

Eastmain (36.7%)
Goldcorp (36.7%)
Azimut (26.6% - Operator: 2016 – 1H2017)

GOLDCORP’S ELEONORE MINE:

Sedimentary-hosted gold deposit
>7 M MI&I ounces
2017 gold production forecast: 315,000 oz

($985/oz AISC) MONI PROSPECT:

3-4 km long x 0.5 km wide corridor
All 10 drill holes from Phase 1 intercepted

gold mineralization

Prospect Corridor:

extends from JT Prospect east to Cheechoo discovery, over Moni Prospect (July 2016) FD PROSPECT

New FD Prospect down trend from Goldcorp’s

Eleonore gold mine, 4.5 km north of JT Prospect (July 2016)

EXPLORATION SUCCESSFUL Planning 2017 Program

Goldcorp’s Eleonore Property Eleonore South JV Property

FD Prospect EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 17

SLIDE 18 ! ! !

A A A A A A A A A A A A A A A A A A A A A A A

1.61 g/t Au over 2.0 m 1.10 g/t Au over 3 m 1.14 g/t Au over 6.0 m 1.41 g/t Au over 3.0 m 1.36 g/t Au over 3.0 m 1.18 g/t Au over 2.5 m 1.24 g/t Au over 3.0 m 2.18 g/t Au over 0.5 m 76.10 g/t Au over 1.55 m 2.92 g/t Au over 1.5 m 0.50 g/t Au over 19.5 m 8.88 g/t Au over 2.5 m 1.01 g/t Au over 2.9 m 1.12 g/t Au over 1.5 m 0.51 g/t Au over 1.8 m 1.06 g/t Au over 3.4 m 0.63 g/t Au over 6.0 m Moni Prospect 19.22 g/t Au over 3.8 m (channel) 7.85 g/t Au over 3.4 m (channel) 49.18 g/t Au over 4.0 m (channel) 50.37 g/t Au over 3.5 m (channel) 8.88 g/t Au over 2.5 m 0.69 g/t Au over 3.0 m 0.51 g/t Au over 37.5 m

incl. 1.40 g/t Au over 4.5 m

1.23 g/t Au over 6.0 m 2.84 g/t Au over 1.5 m 0.64 g/t Au over 28.5 m

incl. 1.92 g/t Au over 4.5 m

1.58 g/t Au over 12.0 m

incl. 4.67 g/t Au over 2.7 m

0.62 g/t Au over 79.1 m

incl. 5.00 g/t Au over 4.0 m

0.76 g/t Au over 21.6 m 0.58 g/t Au over 13.5 m 2.87 g/t Au over 1.5 m 2.33 g/t Au over 0.7 m 1.21 g/t Au over 1.5 m 3.05 g/t Au over 77.3 m

incl. 4.88 g/t Au over 45.0 m

13.0 g/t Au over 10.5 m 0.62 g/t Au over 4.5 m 0.94 g/t Au over 4.5 m 0.65 g/t Au over 144.0 m

incl. 5.59 g/t Au over 1.5 m

1.89 g/t Au over 22.5 m 0.52 g/t Au over 52.5 m 1.02 g/t Au over 10.7 m 0.52 g/t Au over 10.7 m 0.58 g/t Au over 8.8 m 0.91 g/t Au over 16.5 m 34 33 17 73 72 71 60 61 62 63 64 65 66, 67 68 69 70 57 56 55 54 53 52 51 50 49 48 6.61 g/t Au over 3.0 m

incl. 13.03 g/t Au over 1.5 m

0.84 g/t Au over 3.0 m 0.54 g/t Au over 3.0 m 1.20 g/t Au over 6 m Trench Prospect 4.97 g/t Au over 1.5 m 0.56 g/t Au over 4.5 m 1.38 g/t Au over 6.4 m 0.50 g/t Au over 3.0 m 1.07 g/t Au over 1.1 m 0.61 g/t Au over 4.5 m

incl. 1.40 g/t Au over 1.5 m

2.01 g/t Au over 3.7 m

Figure 2 - Press release dated May 30, 2017

Eleonore South Property (Azimut-Eastmain-Goldcorp JV) 2017 Drilling Program (Phase 2)

CHEECHOO PROPERTY ( S i r i

) E L E O N O R E S O U T H P R O P E R T Y (Azimut / Eastmain / Goldcorp) Metasediment Tonalite

500 m

P r

p e c t i v e c

r i d

436,500 436,500 439,000 5,828,800 5,829,200 5,829,600 New results highlighted in bold characters Tonalite / metasediment contact Prospective corridor

2016, 2017 drill hole location Historical drill hole location ! 76°W 52°37'30"N 52°37'30"N 435,000 440,000 5,825,000 5,825,000 5,830,000 5,830,000 5,8 5,8 500 1,000 1,500 meters 1:50,000 UTM zone 18 projection - NAD83 ELEONORE SOUTH PROPERTY Soil geochemistry - Arsenic (As) Date: 2016-05-11 100% 99% 96% - 98% 91% - 95% 86% - 90% 81% - 85% 71% - 80% 61% - 70% 51% - 60% 1% - 50% 71.82 - 929.35 50.27 - 71.81 29.23 - 50.27 19.25 - 29.23 14.84 - 19.25 12.14 - 14.84 8.85 - 12.14 6.76 - 8.85 5.19 - 6.76 0 - 5.19 As (ppm) | Percentiles 76°W 435,000 440,000

POTENTIAL LARGE HYDROTHERMAL-MAGMATIC MINERALIZED ZONE PLANNING NEW 2H 2017 EXPLORATION & DRILLING PROGRAM

SUCCESSFUL 2H 2016 – 1H 2017 DRILLING PROGRAM: Early-stage exploration within a large corridor (4 km x 0.5 km):

Best results to date, including 4.9 g/t over 45 m

All 24 holes drilled into the corridor are mineralized (4,841 m)

Arsenic soil geo- chemical map

SLIDE 19

GROWTH FOCUSED 2018

PLANNING 2H 2017 EXPLORATION PROGRAMS

4Q16 1Q17 2Q17 3Q17

Resource definition drill campaign (63,000m) Updated mineral resource estimate Perform other technical optimization work Optimize and complete PEA and study work

CLEARWATER PROJECT EASTMAIN MINE PROJECT ÉLÉONORE SOUTH JV

Drilling (7,500m) Drilling (5,000m) 2017 Program 2017 Program 2017 Program

4Q17

TODAY

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 19

IP Survey Historic to NI43-101 mineral resource conversion

TRANSFORMATION GROWTH

1 2 3

1Q18

SLIDE 20

FOR MORE INFORMATION

Claude Lemasson P.Eng., MBA President & CEO

lemasson@eastmain.com

Alison Dwoskin CPIR Manager, Investor Relations

dwoskin@eastmain.com

Office: 647-347-3735

www.eastmain.com TSX:ER OTCQX:EANRF

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 20

SLIDE 21

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 21

APPENDIX

SLIDE 22

BOARD AND MANAGEMENT

STRENGTH IN ENGINEERING, GEOLOGY & CAPITAL MARKETS

Laurence (Laurie) Curtis Chairman Michael Hoffman Mine Engineer & Executive Claude Lemasson President & CEO and Director WELL-ESTABLISHED BOARD OF DIRECTORS Blair Schultz Capital markets experience Hervé Thiboutot, Geological Engineer Integra Senior VP (Quebec) Claude Lemasson, P.Eng, MBA President & CEO

Highly-skilled mining professional
30 yrs of mine dev’t & operational experience
Direct experience with Goldcorp’s Éléonore

project in northern Québec Joe Fazzini, CPA, CFA, CA CFO & VP Corporate Development

10+ yrs advising and auditing global gold and

base metal producers through PwC & Dundee Capital Markets. Alison Dwoskin, CPIR Manager, Investor Relations

10+ yrs in mining Investor Relations

MANAGEMENT TEAM Bill McGuinty, P.Geo VP Exploration

30 yrs experience in Canada and Latin

America, from exploration to environmental and feasibility studies Manuel Ng-Lai, P.Eng Project Engineer

10+ yrs in the technical services sector

Carl Corriveau, P.Geo, SEG Exploration Manager

15+ yrs industry experience, including

project management and evaluation, advancing projects from exploration through economic studies

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 22

SLIDE 23

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 23

CLEARWATER - EAU CLAIRE GEOLOGY

SUMMARY

EAU CLAIRE DEPOSIT Gold mineralization is generally located within structurally-controlled, high-grade en-echelon quartz-tourmaline veins and adjacent altered rocks. The vein system is predominantly hosted within a thick sequence of massive and pillowed mafic volcanic flows, interbedded with narrow intervals of volcaniclastic sedimentary rocks. Both flows and sediments have been intruded by multiple phases of felsic and porphyry dykes. Host rocks have been folded and deformed (sheared) through several deformation events. The gold bearing veins may occur as thin fracture fill with tourmaline and develop along an easterly strike and a southerly dip (450W zone) into thick quartz-tourmaline veins with zoned tourmaline+/-actinolite+/-biotite+/-carbonate alteration halos which can measure up to several metres in thickness. 3D Modeling interprets mineralization as defined by structural and lithological controls

Resulting high confidence in Measured and Indicated mineral resources;

RESOURCE DRILLING Drilling since 2011 focused on the upper 1/3 of the deposit to a vertical depth of 400 metres; 2012/2013 Drilling: a significant number of high-grade intercepts defined a “critical mass” that may support future, ramp-accessible “mineable” gold resources

Vertical depth: from 100 to 300 metres down-plunge from the 450 West Zone surface exposure

SLIDE 24

2015 EAU CLAIRE: MINERAL RESOURCE ESTIMATE 1 (see slide 15 for note) Measured & Indicated: 951,000 oz @ 4.09 g/t Au - 7,225,000 tonnes Total Inferred: 633,000 oz @ 3.88 g/t Au – 5,072,000 tonnes

DRILLING FOR A STRONG FOUNDATION

EAU CLAIRE MINERAL RESOURCE OPPORTUNITY

77%

More drilling data in next mineral resource update mid-2017

13,000 m - drilling from late 2015 (shown below) 63,300 m - in progress - 2016 and 1H2017

Note: 5,000 metres drilled in 2014 at the Clovis Lake target, Clearwater Project Approximate mineral resource outline, on Eau Claire deposit overview image.

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 24

2015 Global Mineral Resource Model: Longitudinal View Facing North

CONCEPTUAL

300 m

2015 Definition drilling intersected multiple high-grade gold intervals laterally and down- plunge of the current Measured & Indicated resource. The deposit is open laterally to the east and down plunge to the southeast and

southwest. Based
n SRK June 11,

2015 mineral resource, “Technical Report for the Eau Claire Gold Deposit, Clearwater Project, Quebec”.

1,500 m

SLIDE 25

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 25

CLEARWATER - SNAKE LAKE GEOLOGY

SUMMARY

Two types of gold mineralization at the Snake Lake Target 1) Similar to the Eau Claire deposit.

Quartz tourmaline veins are hosted within a thick sequence of basalt flows, tuffs and interbedded

metasedimentary rocks which have been intruded by felsic dykes.

As at Eau Claire, the entire sequence has been heavily deformed and sheared resulting in development
f a deformation zone with strong and extensive foliation and local shearing.

2) Significant zones of sulphide mineralization (pyrite, pyrrhotite, +/- arsenopyrite +/- chalcopyrite) are also reporting gold mineralization within the deformation zone.

SLIDE 26

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 26

EASTMAIN MINE PROJECT GEOLOGY

SUMMARY

The project is underlain by the Upper Eastmain River Greenstone Belt, which extends for 100 km in a

north-northeast direction in vicinity of the property. The belt consists of one or more cycles of mafic to felsic metavolcanic and metasedimentary rocks surrounded by granite and granite gneiss, with ultramafic volcanic rocks (komatiite flows) being traced across the belt.

Gold mineralization is mainly contained in siliceous stratabound units containing 10 to 30% pyrrhotite,

pyrite and minor amounts of chalcopyrite.

The Eastmain Mine historic resource (A,B & C) is spatially associated within a major structural

deformation corridor, coinciding with strongly altered ultramafic volcanic rocks (komatiitic flows) intercalated with narrow lenses of felsic volcanic rocks within a thicker sequence of mafic volcanic flows

4 high-grade target zones northwest of the Eastmain Gold deposit were identified by rock samples,

geophysics and drilling, in search of additional resources along the Mine Trend.

Hillhouse Target occurs 850 m northwest of the A and B Zones and consists of a 400 m long by

150 m wide area, containing anomalous rock samples with gold ranging from 0.5 to 39.5 g/t Au; silver ranging from 0.5 to 25.8 g/t Ag; and copper ranging from 0.1 to 2.4% Cu.

Julien Target is situated 1.7 km northwest of the A and B Zones. This target coincides with a

magnetic high in Mine Trend rocks extending for a length of 500 m. The Julien target has been defined by anomalous rock samples containing from trace to 27.2 g/t Au; trace to 28.8 g/t Ag; and from trace to 2.3% Cu.

Suzanna Target is situated 600 m west of and parallel to the Julien anomaly. This target extends

for a length of 375 m with anomalous rock assays ranging from 0.5 to 38.7 g/t Au, 0.5 to 26.6 g/t Ag and 0.1 to 3.06% Cu.

Michel Target is located 400 m north of the Suzanna anomaly and is defined by two clusters of

anomalous rock samples ranging from 0.5 to 125.1 g/t Au; 0.5 to 12.5 g/t Ag; and 0.1 to 1.08% Cu.

SLIDE 27

EASTMAIN INVESTOR PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com 27

ÉLÉONORE SOUTH JV GEOLOGY

SUMMARY

The Eléonore South's prospective corridor is interpreted as a late-stage hydrothermal-magmatic mineralized system emplaced along the margins of the tonalite intrusion, close to, or at the contact with surrounding metasediments. These indicators of the hydro-thermal magmatic system include the presence of hydrothermal breccia, sheeted veins, extensive pervasive alteration, no specific deformation zone related to alteration/mineralization, etc.