East Asia Minerals Corporation

East Asia Minerals Corporation

May 01, 2008 08:54 ET

East Asia Minerals to Drill Sedi High Grade Gold Zone and Reports 122 g/t Gold From Kupa Prospect at Sangihe

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that recent sampling at the Sedi Prospect at the Sangihe Property, Indonesia, has encountered additional high grade gold with grabs assaying 13.4, 15.0 and 42.6 gpt gold at Zone One, and 7.78, 11.2 and 16.0 gpt gold at Zone Two. In addition, grab sampling southeast of the Sedi Prospect has encountered 122.0, 82.4 and 73.8 gpt gold at the Kupa Prospect.

Mapping, backhoe excavation and induced polarization are in progress at the Sedi Prospect in preparation for upcoming drill testing.

The Sedi Prospect is located 7 kilometres south of the Binebase-Bawone Prospect and has been mapped over 600 metres with a NNE-SSW strike. It remains open in both directions. Zones One and Two are at either end of the mapped Sedi vein system, and occur as low sulphidation vein horsetails with gold controlled by structural dilations. Previously at Sedi the Company announced 5.86 g/t gold and 10.0 g/t silver, 2.23 g/t gold and 8.0 g/t silver, and 37.3 g/t gold and 28.0 g/t silver (July 17, 2007 news release).

The Kupa Prospect, located 2 kilometres southeast of Sedi, is a high grade low sulphidation breccia vein. Historic results include 126.6, 73.3, 19.3, 16.2, 14.2 and 9.6 gpt gold. East Asia sampling has validated this work with grab samples giving up to 122.0 gpt gold. The Kupa Prospect will be mapped in further detail.

"In addition to the near-surface high-sulphidation gold being drilled at Binebase-Bawone, we are advancing other exciting gold prospects on the Sangihe Property displaying that the potential of this property continues to grow" stated Michael Hawkins, President and CEO of East Asia Minerals. "While we drill test the high grade Sedi Prospect in the coming weeks, we are planning for continued drilling of the Binebase-Bawone Prospect with the goal of completing a N43-101 compliant resource estimate by year end. This work is progressing well."

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being drilled to define NI43-101 compliant resources. The Company owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 55,645,372 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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