Eagle Royalties Ltd T.ER

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The Gold Report: "Mike Kachanovsky-Scoop Up Resource Stocks on Dips"

In this exclusive interview with The Gold Report, Mike Kachanovsky, aka 'Mexico Mike', (Investor's Digest of Canada), discusses why he believes the market is better than ever for precious metals.

"Eastmain Resources (TSX:ER). I've been a holder of Eastmain probably since 2003 and have never actually traded it. The management is superb. They've been focused and remain focused on the same part of the world. Year after year good markets or bad they just continue to move things forward. They've attracted some exceptional senior partners to work with, Goldcorp Inc. (NYSE:GG) being the most obvious one that most investors are familiar with. I think the best validation of that story comes from the fact that they've just recently closed a placement to raise additional money that I believe was 60% or 70% above the market price. If you're familiar with the way most companies raise money, they usually have to dangle some sort of a market discount in order to attract a large financing. For Eastmain to be able to secure millions of dollars so far above market price tells me I'm not the only one that believes this company has a great future. Quebec is one of the best mining jurisdictions in the world. There's just not that same upside initial discovery potential in Quebec that you may have from somewhere like Mexico that hasn't seen a lot of that development exploration work. Eastmain is a bit of an anomaly in the fact that they grabbed a lot of their landholdings back in the late '90s when the mining sector was in a severe recession. For a very small Canadian junior to have such excellent property holdings that are now attracting major partners is just another feather in their cap."

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About EASTMAIN

Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. Eastmain has in excess of $21 million in working capital and holds an interest in 12 projects within the James Bay District, including the Eleonore South property, where a gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit. Eastmain's 2010 budget is $7.5 million for gold exploration in Quebec. For more information visit www.eastmain.com.

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