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1 ER - TSX FORWARD-LOOKING STATEMENTS Certain information set forth in this presentation may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements consist of statements

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  2. ER - TSX FORWARD-LOOKING STATEMENTS Certain information set forth in this presentation may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. 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 actual results of current and future exploration activities at the Company's properties, 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 results of the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, 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. Mineral resources, which are not Mineral Reserves, do not have demonstrated economic viability. Environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues may materially affect the estimate of Mineral Resources. The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration The potentially extractable portion of the Mineral Resource Estimate was prepared by Eugene Puritch, P. Eng., FEC, CET and Andrew Bradfield P.Eng. of P&E Mining Consultants Inc. Mineral Resource Estimate reported in this press release was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions. 2 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com All currencies are reported in Canadian dollars unless otherwise specified.

  3. ER - TSX KEY ACCOMPLISHMENTS - 2019 LAURIE CURTIS, CHAIRMAN KS HORIZON DRILL CORE Raised $5.9 million in challenging markets • • $2,750,000 – October 24, 2019 $3,189,000 – May 8, 2019 • • Drilled 14,743 metres at cost $249/m Includes: • • 10,235 metres on Clearwater 4,508 metres drilled on the ESJV • • Explored KS and discovered multiple targets • Reviewed multiple strategic opportunities Advanced Eau Claire baseline • 3 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com

  4. 4 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQX:EANRF www.eastmain.com

  5. ER - TSX AN EMERGING GOLD CAMP – JAMES BAY BLAIR SCHULTZ, INTERIM PRESIDENT AND CEO World Class Mining Location ✓ Supportive government and pro-mining community • • Clearly defined permitting process Archean Greenstone belt setting ✓ Nearby Mines and Deposits: ✓ • Éléonore gold mine (Newmont) • Cheechoo Deposit (Sirios) Elmer Discovery (Azimut) • Total ER property portfolio 112,528 hectares 5 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com

  6. ER - TSX EASTMAIN HIGHLIGHTS FOUNDATION • Eau Claire: Potential to develop 90,000 oz Au producer by 2023 Multiple satellite growth projects • SPRINGBOARD Opportunity – Undervalued when compared to peers • TORQUE Strong leverage to gold price • • Large underexplored land package in need of exploration near Eau Claire INVESTED • Management and board significant shareholders Strong retail base, high liquidity • RUNWAY Multiple assets at differing stages of development, drill defined and drill ready targets to grow • Growing gold camp: +10 M oz, underexplored with majors (Newmont, BHP) active in the region • 6 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com

  7. ER - TSX EASTMAIN THREE PILLAR STRATEGY FOUNDATION ADVANCING EAU CLAIRE TOWARDS PRODUCTION Revise and optimize 2018 PEA • Expand resources at depth • EXPLORE WITHIN TRUCKING DISTANCE OF EAU CLAIRE • Priority is near surface to add to Eau Claire critical mass • Knight-Serendipity Horizon • Eleonore South JV, Reservoir, Lidge MONETIZE NON CORE ASSETS • Optioned Eastmain Mine Property to Benz Mining 2019 7 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com

  8. ER - TSX 1 M OZ OF GOLD EXTRACTABLE AND GROWING AT DEPTH FOUNDATION Potentially Extractable Portion of Mineral Resource (P&E Mining Consultants Inc. 2018) (1-4) Tonnes Contained Au oz g/t Au 1,641,000 199,400 3.78 Open Pit Production UG Production 4,762,000 801,500 5.24 Total Production 6,403,000 1,000,900 4.86 ✓ 71% of 2018 Mineral Resource Estimate tonnes converted to Potentially Extractable ✓ 63% of Potentially Extractable are 2018 Measured and Indicated Mineral Resources Eau Claire Gold Deposit Open Pit and Underground Mineral Resource Estimate* UNDERGROUND (150m – 860 m) OPEN PIT (Surface – 150m) Tonnes Gold Grade (g/t) Contained Au (oz) Tonnes Gold Grade (g/t) Contained Au (oz) M&I 1, 210,000 5.86 228,000 3,084,000 6.30 625,000 Inferred 43,000 5.06 7,000 2,339,000 6.56 493,000 1. The potentially extractable portion of the Open pit Mineral Resources are reported at a cut-off grade of 0.66 g/t gold and the potentially extractable portion of the Open pit Mineral Resources underground Mineral Resources are reported at a cut-off grade of 2.7 g/t gold. Cut-off grades are based on a gold price of US$1,250 per ounce, a foreign exchange rate of US$0.80, and a gold recovery of 95%. Table entries are rounded 8 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com

  9. ER - TSX OPPORTUNITY FOR GROWTH – DEEP DRILLING EXTENSION TORQUE Actual depth Depth MASL 0 -100 m 100 - 200 m OUNCES PER METER 200 - 300 m in TOP 600 m Resource: 2,500 oz/m Drill Intensity 300 - 400 m Mineable: 1,700 oz/m 400 - 500 m 500 - 600 m 600 - 700 m 700 - 800 m 800 - 900 m FUTURE RESOURCE GROWTH 9 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com

  10. ER - TSX FINANCIAL HIGHLIGHTS TORQUE NPV 5% (after-tax) Payback IRR (after-tax) $260 million 3.1 years 27% Pre-Production Capex Sustaining Capex $175 million $108 million (LOM) Open Pit Mining Costs Average LOM Total Cash All-in Sustaining Costs Costs (AISC) $41.07/t processed US$ 486/oz US$ 574/oz Underground Mining Costs $49.47/t processed C $ 632/oz C $ 746/oz Key assumptions: ✓ US$1,250/oz Au ✓ C$/US$ 0.77 FX *Technical Report: Updated Mineral Resource Estimate and Preliminary Economic Assessment 10 on the Eau Claire Gold Deposit, Clearwater Property, Québec, Canada EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com Effective February 4, 2018, Signing date July 3, 2018

  11. ER - TSX HIGH LEVERAGE TO GOLD PRICE TORQUE At US$1,500/oz AU, Eau Claire value increases: Post-Tax NPV ↑ 53% (+$137 M) Post-Tax IRR ↑ 33% (+9%) PROJECT SENSITIVITY ANALYSIS (after-tax) % Base -5% +5% +10% +15% +20% +32% Case US$/oz 1,188 1,250 1,313 1,375 1,438 1,500 1,650 NPV 226 260 295 329 363 397 ~485* ($Millions) IRR % 24 27 29 32 34 36 ~40* Conservative Project scenario economics rise demonstrates significantly attractive even below economics current spot price C$/US$ 0.77 FX 11 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com *Economics at $1,650 are company estimates

  12. ER - TSX P/NAV – MARKET REPRICING EXPECTATION SPRINGBOARD Source: Haywood Securities, “Junior Gold Mining Historic Valuations” April 2020 12 EASTMAIN CORPORATE PRESENTATION www.eastmain.com

  13. ER - TSX FOR MORE INFORMATION Laurie Curtis Chairman www.eastmain.com lwcurtis@icloud.com Blair Schultz Interim President & CEO TSX: ER bschultz@eastmain.com OTCQB: EANRF Alison Dwoskin CPIR Investor Relations Manager dwoskin@eastmain.com Office: 647-347-3735 13 EASTMAIN CORPORATE PRESENTATION TSX:ER; OTCQB:EANRF www.eastmain.com

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