Eastern Goldfields Inc. retains Renmark Financial Communications Inc.

    SAN DIEGO, Aug. 6 /CNW Telbec/ - Eastern Goldfields, Inc. (OTCBB: EGDD)
("EGI") is pleased to announce that it has retained the services of Renmark
Financial Communications Inc. to handle its investor relations activities.
    "We are pleased to announce that we have selected Renmark to reinforce
Eastern Goldfields' profile in the financial community and enhance the
visibility of our project portfolio. We choose Renmark because its standards
and methodologies fit best with the message we wish to communicate to the
investing public," noted Michael McChesney, Chief Executive Officer of Eastern
Goldfields Inc.
    In consideration of the services to be provided, the Company has agreed
to pay a monthly retainer of $7,000 for a one-year contract to Renmark
Financial Communications Inc.
    Renmark Financial Communications does not have any interest, directly or
indirectly, in Eastern Goldfields or its securities, or any right or intent to
acquire such an interest.

    About EGI: EGI is a growing company engaged in the mining, exploration
and acquisition of gold properties in some of Southern Africa's most
prospective regions.

For further information:

For further information: Renmark Financial Communications Inc.: Jason
Roy, jroy@renmarkfinancial.com; Christopher Wells,
cwells@renmarkfinancial.com; (514) 939-3989, Fax: (514) 939-3717,

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