TORONTO, ONTARIO–(Marketwired – March 14, 2016) – Eastmain Resources Inc. (“Eastmain” or the “Company”) (TSX:ER) announced today that after serving for 30 years, Dr. John Hansuld has retired from his role as independent director and member of the Compensation and Nominating Committee of Eastmain. Throughout his tenure with the Company, John has provided business acumen, guidance and foresight as he chaired a number of committees, and most recently in his role as Lead Director.
“John’s dedication as Board member and his commitment to the Company during his years of service have been outstanding, and we want to express our sincere appreciation to him for the leadership and direction he has provided in the development of the Company,” said President and CEO, Don Robinson. “Management and the Board are grateful to John for his many contributions to Eastmain and we look forward to his continued mentorship in his new role as Advisor to the Company.”
The Company is very pleased to announce that the Board of Directors has appointed Mr. Michael (Mike) L. Hoffman, P.Eng. to succeed Dr. Hansuld as an independent, non-executive member of the Board, effective immediately.
“As a highly-respected leader and team builder in the mining industry, Mr. Hoffman brings to the Company over 30 years of broad experience in managing emerging producers and large, complex capital projects from initial concept to construction,” stated Dr. Robinson. “From mine engineer to President and CEO of two successful mergers, we are extremely pleased to have Mike, with his vast technical and operational experiences, assist and guide us, as we continue to advance and de-risk Eau Claire on its path towards development.”
For the past five years Mr. Hoffman has been President and CEO of M Hoffman Consulting Ltd., a Toronto-based firm specializing in assisting mining companies with pre-feasibility and feasibility studies, acquisition of development assets, and providing technical mining advice.
Prior to establishing M Hoffman Consulting, Mike was President and CEO and founder of Crocodile Gold, where he was responsible for formulating a strategy to purchase four million-ounce gold assets in Australia. Within the same period, Mike, as President and CEO of Kria Resources Inc., a Canadian base metal exploration and development company, effectively completed a merger with Trevali Mining Corporation.
Throughout his career Mike has been responsible for providing engineering and mine operational expertise and has been involved in and led the construction of a number of major projects. He has executive experience with companies such as RioAlgom Limited, Goldcorp Inc., Desert Sun Mining Corp., and Yamana Gold Inc. While at Goldcorp he was responsible for the expansion plans of the new shaft complex from conceptual study through construction at the company’s Red Lake Mine and led the corporate due diligence efforts of the company’s successful merger with Wheaton River Minerals.
About Eastmain Resources Inc. (TSX:ER)
Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay District of Quebec. Eau Claire, the Company’s core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. Eastmain also holds a pipeline of exploration projects in this new Canadian mining district. In October, Eastmain was presented with the “Discovery of the Year 2015” award by the Association L’Exploration Minière du Quebec (“AEMQ”) for its contributions to the development of Quebec’s mining exploration industry.
On behalf of the Board of Directors of
EASTMAIN RESOURCES INC.
Donald J. Robinson, President and CEO
Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including statements with respect to the development plans and growth targets of the Company. 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 the timing of completion of the PEA, commencement of the PFS and/or DFS, actual results of current and future exploration activities at the Company’s properties, future developments in the Company’s relationship with indigenous groups, 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 the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of the PEA and any PFS and/or DFS as applicable, 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.