East Asia Minerals Corporation
TSX VENTURE : EAS

East Asia Minerals Corporation

October 16, 2007 08:00 ET

East Asia Minerals Intercepts 95 Metres of 2.15 g/t Gold at the Bawone Prospect, Indonesia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2007) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to announce assay results from the first three holes of its ongoing drill program at the epithermal Bawone Prospect, Sangihe Island, Indonesia. These results indicate the presence of a potentially significant, near surface gold mineralized zone grading approximately 2 g/t gold and up to 80 metres wide. Previous scout drilling and geophysics conducted during the 1980's indicated that the Bawone mineralization extended for at least 450 metres, but was open along strike. East Asia's trenching and geological work has extended the known strike length of mineralization considerably, whilst the current drilling has indicated that the mineralized zone is much wider than previously thought.

Assay Highlights

Preliminary assay results have been received for drill holes BOD-01, BOD-02 and BOD-03. The weighted average results are as follows:



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Drill From To Interval Gold Silver Copper
Hole (m) (m) (m) (g/t) (g/t) (%)
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BOD-01 30.0 125.0 95.0 2.15 11.0 0.41
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Including 31.0 81.0 50.0 3.32 17.0 0.69
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Including 32.0 40.0 8.0 8.81 62.0 1.15
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BOD-02 59.0 70.0 11.0 0.93 14.0 0.61
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BOD-03 19.0 144.0 125.0 1.67 10.0 0.35
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Including 21.0 44.0 23.0 2.06 11.0 0.38
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And 59.0 103.0 44.0 2.29 16.0 0.50
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BOD-01 was drilled to 144 metres and is located in the centre of the Bawone prospect (refer to the Company's website at www.EAminerals.com for a plan view of drilling). The hole was collared close to, and drilled with a north-easterly azimuth parallel to a historic drill hole which reported 91.3 metres of 2.45 g/t gold. BOD-01 assay results have verified the gold values in the historic drill hole. The slightly lower average gold grade is interpreted to be due to a combination of different gold analysis methods, a low bias for gold results in the batch submitted (although this was not outside of allowable QA/QC limits for the inserted certified control standards), difference in core recoveries and core size (HQ versus NQ), and a slightly longer composite grade interval.

The highest grade zone of 8 metres of 8.81 g/t gold, 62.0 g/t silver and 1.15% copper is from massive, fine grained black sulphide consisting of pyrite, enargite, chalcocite and arsenian pyrite. The interval of 50 metres of 3.32 g/t gold, 17.0 g/t silver and 0.69% copper is hosted by silica - clay - pyrite altered andesite crystal tuff with stockworks of barite - quartz - black sulphide. The underlying barren zone consists of chlorite - clay - carbonate - minor pyrite altered porphyritic andesite.

BOD-3, a scissor hole, was drilled to 178 metres with a south-westerly azimuth. The hole is located about 55 metres to the northeast of BOD-01, and at a lower elevation. Results from this drill hole, which include higher grade sections of 23 metres of 2.06 g/t gold, 11.0 g/t silver and 0.38% copper, and 44 metres of 2.29 g/t gold, 16.0 g/t silver and 0.5% copper, demonstrate that the gold mineralized zone has a true width of approximately 80 metres. This is much wider than previously speculated. The host rock is andesite crystal - lithic tuff with pervasive variable silica - clay - sulphide alteration overprinted by patches and stockworks of barite - silica - clay - sulphide, grading to strong hydro- brecciation with silica - barite - clay - sulphide matrix. The bottom of mineralization is weakly clay - minor pyrite altered flow laminated dacite.

BOD-02 was drilled to 85 metres on a section 80 metres southeast of the BOD-01-03 section. This hole was located 45 metres northeast of a historic drill hole which reported a 20.2 metre interval of 3.97 g/t gold and 0.47% copper from 21.8 metres down hole. Results from BOD-02 are consistent with peripheral grades intersected in BOD-01 and BOD-03. Our current interpretation, supported by geophysics, is that the main mineralized body lies immediately to the southwest of the historic hole. A drill hole to target this zone will commence soon.

"We are greatly encouraged by the width and tenor of the Bawone mineralization," stated Michael Hawkins, President and CEO of EAS. "The gold mineralization we intercepted was extremely consistent over great widths, and we are very pleased to report such significant intercepts so early in our program. Previous explorers had indicated potential for the Bawone and nearby Binebase projects to host up to 2 million ounces of gold, and it is our intention to test these zones over the coming months, and with success, to progress towards drill definition of 43-101 compliant resources."

Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. East Asia Minerals conducts a rigorous and continuous QA/QC program. 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 assets 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 projects located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 48,047,832 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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