Lion Copper and Gold Corp C.LEO

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EASTMAIN: ABITIBI EXTENSION PROJECT 2,000-METRE DRILL PROGRAM UNDERWAY Toronto, ON-- TORONTO, Ontario--(Infolink)--March 26, 2002--Eastmain Resources Inc.(TSE:ER) and Quaterra Resources Inc. (CNDX:QTA) announced that a 2,000-metre diamond drill program is underway at the Abitibi Extension Project, Ontario. The drill program will test up to 15 first priority airborne electromagnetic targets on the North French and Chabbie Lake claim blocks. These properties, located within the extension of the world's largest and richest greenstone belt, are highly prospective for gold and base metal ore deposits. Traditionally most ore bodies found in the Abitibi region were discovered by prospecting and shallow drilling. Until recently poor access and thick glacial overburden covering the western extension of the Abitibi Greenstone Belt had presented a challenge to modern-day explorationists. However, Eastmain is meeting this challenge by utilizing new geophysical technology to search for metallic ore deposits in covered terrain. Metallic deposits containing gold, copper-zinc-silver and nickel-copper-platinum commonly form both magnetic and electromagnetic anomalies. The 50-million-tonne Selbaie copper-zinc-silver mine in Quebec and the 1.6-million-ounce Detour Lake gold deposit were both discovered using airborne geophysical methods. These ore bodies are east and along trend of our claim groups. The GEOTEM III multi-coil EM system detected 56 airborne electromagnetic anomalies within the North French survey area. Follow-up ground geophysical surveys were completed on 15-medium to high-priority conductors. Ten targets will be drill-tested on the 4,352-hectare property during the first phase of drilling. Fifteen airborne electromagnetic anomalies were also detected with the GEOTEM III system at Chabbie Lake. Four EM targets, including a priority conductor detected at the southern end of a six-kilometre-long magnetic high, were selected for ground follow-up and will be drill tested. This 1,792-hectare claim block is located 30 kilometres west-northwest of the gold and base deposits at Casa Berardi, Quebec. Eastmain is project operator. Quaterra is earning a 50% interest in the project by funding $1.53 million in exploration over a four-year period. Quaterra has contributed $830,000 to date and is in the third year of its option. Eastmain's primary objective is the exploration, discovery and development of long-life, low cost profitable ore deposits in Canada. The Company owns a 50% interest in Clearwater, one of the highest-grade gold deposits in Northern Quebec. Eastmain is listed on The Toronto Stock Exchange, trading under the symbol "ER". CONTACT: Eastmain Resources Inc. Donald Robinson, President [phone] [phone] (fax) [e-mail] www.eastmain.com. Or Eastmain Resources Inc. Catherine Butella, Exploration Manager [phone] [phone] (fax) www.eastmain.com.