| RADISSON PROJECT HONEY BADGER defines drill targets on Radisson Option Eastmain Resources Inc. (TSX:ER) is pleased to announce that Honey Badger Exploration Inc. (TSX Venture: TUF, "Honey Badger") has outlined 18 gold targets for drilling on the Radisson Project, located in the James Bay District of Quebec. In the fall of 2011, Honey Badger completed a prospecting and soil sampling program, which confirmed the Radisson Project is highly favourable for hosting several types of gold deposits. Results include up to 8.64 grams per tonne gold (gpt Au) in grab samples and to 1.19 gpt Au in soils. A drill program to test seven of the most prospective targets is planned for March 2012. Under its existing agreement with Eastmain, Honey Badger must complete $2.5 million in exploration expenditures, including 6,000 metres of drilling over a three-year period, issue 5 million Honey Badger shares to Eastmain, and make a cash payment of $50,000 to earn 50% interest in the property. Eastmain has received the allotted cash and shares. The Radisson property consists of 207 claims covering 10,698 hectares of fertile gold exploration territory, located 65 kilometres south of the community of Radisson. The property is underlain by volcano-sedimentary rocks comparable to those hosting major mining camps throughout the Canadian Shield. Previous work completed by Eastmain confirmed that the property is highly prospective for the discovery of ore deposits. According to Honey Badger's consultant, Dr. Jim Franklin, a renowned expert in ore deposits, the soil and rock data collected on the property last fall, indicates a pronounced potassic alteration and barium enrichment, in addition to a strong correlation between gold and arsenic, along a central corridor. This corridor, which runs the length of the property, may represent a major F2 fold axis, a key structure often associated with gold deposits. These chemical signatures are typical of several world-class gold deposits such as Ontario's Hemlo deposit, Quebec's Bousquet and Doyon Mines and Quebec's newest mega-deposit, Roberto. The Roberto gold deposit, located within the James Bay district on Goldcorp's Eleonore Property, is characterized by a pronounced potassic enrichment, as well as a strong gold-arsenic chemical signature. "We are encouraged with the exploration results outlined by Honey Badger on the Radisson Project. With Goldcorp's low-cost, long-life Roberto gold deposit, expected to reach production in late 2014, James Bay, Quebec is soon to become one of Canada's newest mining districts. The Radisson project is characterized by regional geology and associated major structures comparable to those found throughout each of the major mining camps in the Canadian Shield. It is simply a matter of sustained exploration effort and persistent drilling which will lead to additional discoveries in this region." stated Dr. Robinson, President of Eastmain Resources Inc. Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. |