Eagle Royalties Ltd. T.ER

Eastmain drill results

[blacky2]

NEWS RELEASE TSX Symbol: ER

September 23, 2010

Eastmain Mine B Zone Drilling

12.2 grams per tonne Au over 9.5 metres

Eastmain Mines Inc., a wholly-owned subsidiary of Eastmain Resources Inc. (TSX:ER),

announces assay results from drilling at the Eastmain Gold Deposit, which is located at the

eastern end of the Eastmain River Greenstone Belt, in James Bay Québec. Drill hole EM10-28

intersected a 9.5-metre-wide zone of gold-silver-copper mineralization grading 12.2 g/t

gold within the B Zone Mine horizon rocks. This intersection, which occurs from 217.5 to 227.0

metres down the hole, includes 17.4 g/t gold over 5.0 metres and 24.1 g/t gold plus 30.1 g/t

silver over 2.5 metres.

A 14,000-metre drill program is currently being completed at the Eastmain Mine project.

Objectives of the 2010 drilling are to expand both the lateral and vertical limits of the known A,

B and C Zones of the Eastmain Gold Deposit, define the structural and lithological controls of

gold mineralization, and to drill-test a number of regional geophysical and geochemical targets

elsewhere on the property.

The A, B and C zones of the deposit have a large mineralized "footprint" occurring over a length

of 1.7 kilometres. Prospecting has also identified significant copper-gold mineralization

extending for several kilometres northwest of the A Zone, with grab samples grading from 1.38

to 33.3 g/t Au.

Hole EM10-28 drilled into the B Zone intersected mine series rocks as follows:

Hole ID From

(m)

To

(m)

Intercept

Length*

(m)

Au

g/tonne

Ag

g/tonne

Cu % Zone

EM10-28 217.5 227.0 9.5 12.2 15.7 0.19 B

incl. 221.5 226.5 5.0 17.4 22.9 0.19 B

incl. 223.0 225.5 2.5 24.1 30.1 0.23 B

Notes: The mineralized interval consists of altered Felsic tuff with quartz veins, accessory

pyrrhotite, chalcopyrite and pyrite. Visible gold was observed in the interval from

223.0 to 225.5 metres.

*Drill intercepts reported as core lengths are estimated to be 95-100% true width.

Drill hole EM10-45, located over a kilometre southeast of hole EM10-28, intersected three

mineralized horizons within the C Zone in similarly altered "Mine Series" rocks as those defining

the A and B Zones. Hole 45 intersected 4.3 metres of altered, visible-gold-bearing, mineralized

(pyrrhotite and chalcopyrite) basalt and rhyolite tuff cut by quartz veining in the upper part of the

hole from 128.4 to 132.7 metres. This unit is followed by a 2.7-metre-wide mineralized zone

from 143.4 to 146.1 metres down the hole, consisting of altered rhyolite tuff with quartz veining,

one grain of visible gold and minor pyrrhotite and pyrite. In turn, this zone is proceeded by an

8.0-metre-wide interval of the main mine series rocks from 220.0 to 228.0 metres depth,

composed of highly altered ultramafic rocks and rhyolite tuff with layers of massive pyrrhotite

and chalcopyrite. Assay results for this hole and several others are pending.

Dr. Donald J. Robinson, President and CEO of Eastmain stated, "Although assays for a

substantial number of drill holes are currently pending, we are impressed with the first phase of

drilling at the Eastmain Mine property. Drilling has intersected a number of mineralized intervals

of significant thicknesses in all three zones of the Eastmain Gold Deposit. Surface exploration

has also confirmed the potential for additional discoveries along the mine trend.”