East Asia Minerals Corporation

East Asia Minerals Corporation

January 15, 2008 08:30 ET

Binebase Continues to Deliver-East Asia Drills 2.67 g/t Gold Over 42 Metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that its ongoing drill program on the Binebase Prospect at the Sangihe Property, Indonesia, continues to encounter significant, near surface epithermal gold and silver mineralization. Drill hole BID-14 cut 96.2 metres of 1.30 g/t gold, 48.25 g/t silver and 0.05% copper from surface, including 42.0 metres of 2.67 g/t gold, 86.38 g/t silver and 0.09% copper from 3.0 metres depth. This shallow gold zone remains open along strike in both directions.

Binebase is along strike from, and probably contiguous with, the Bawone prospect approximately 1.2 km away.

Binebase drill assays to date (with gold equivalent)(i)

Drill From To Interval Gold Silver Gold Equiv.
Hole (m) (m) (m) (g/t) (g/t) (g/t)(i)
BID-11(ii) 0.00 45.00 45.00 1.28 50.51 2.17
BID-12 4.00 46.35 42.35 1.34 107.54 3.26
Including 8.00 33.00 25.00 2.03 159.96 4.89
BID-13 8.00 43.95 35.95 4.03 188.28 7.39
Including 9.00 31.00 22.00 5.74 121.64 7.91
BID-14 0.00 96.20 96.20 1.30 48.25 2.16
Including 3.00 45.00 42.00 2.67 86.38 4.21
(i)Note - The gold equivalent uses a silver:gold ratio of 56:1 based on
current precious metal market prices.
(ii)Note - BID-11 under reports the composite grade due to 3.95 metres of
lost core being assigned a zero value.

BID-14 was drilled to cross-cut recently completed section BID-12/13 for stronger geological and grade distribution understanding. BID-12/13 included 35.95 metres of 4.03 g/t gold and 188.28 g/t silver from 8.0 metres depth, including 22.0 metres of 5.74 g/t gold (January 8, 2008 news release). BID-14 was drilled with a southwest inclination to a depth of 96.20 metres (refer to the Company's website at www.EAminerals.com for a plan view of drilling).

BID-15, a scissor hole, is located 35 metres to the northwest along section of BID-11 and was drilled to a depth of 113.10 metres with a southeast azimuth. This hole was designed to test significant trench results which included 2.00 g/t gold over 62.0 metres, 1.98 g/t gold over 45.5 metres, and 2.28 g/t gold over 28.5 metres (December 3, 2007 news release), and follow-up on recently completed BID-11 which intersected 45.0 metres of 1.28 g/t gold and 50.51 g/t silver from surface (January 8, 2008 news release). BID-11 under reported the composite grade due to 3.95 metres of no core recovery being assigned a zero value for the composite calculation. Assays are pending.

BID-16 is being drilled 110 metres southeast of BID 11, along the BID-11/15 section where previous East Asia trenching results included 38.0 metres of 1.80 g/t gold. The hole has a northwest inclination to test the southeast extension of the BID-11/15 mineralization.

Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. Lionel Martin, P.Geo, the designated QP within the meaning of 43-101 has reviewed and approves the content of this release.

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper exploration properties in Mongolia and Indonesia. The Company owns the Ingiin-Nars, Ulaan Nuur and Enger uranium properties and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper properties located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 55,640,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

Forward Looking Statements - This News Release contains forward looking information within the meaning of the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

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