East Asia Minerals Corporation

East Asia Minerals Corporation

October 30, 2007 08:30 ET

East Asia Minerals Reports High Grade Gold, Including Channel Samples of 17 Metres at 5.8 g/t Gold, From the Abong Prospect, Indonesia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to announce results of ongoing channel sampling from its Abong prospect on the Barisan 1 Property, Aceh Province, Indonesia. These results indicate several potentially significant, near surface gold mineralized zones. Better results from the program include 17 metres at 5.8 g/t gold, 17 metres at 3.13 g/t gold, 79 metres at 1.44 g/t gold, and 4 metres at 3.97 g/t gold.

Sampling to date has been largely confined to the northwestern part of a 3 km x 1.5 km northwest trending corridor at the Barisan 1 Property, within which numerous coherent anomalies have been defined by previous explorers. The Abong prospect was drilled by two major mining companies in the mid 1990's, at which time a total of 28 drill holes ranging from 20 to 120 metres deep were completed. A speculative non-43-101 compliant resource of between 40 and 60 million tonnes grading 1.0 to 1.5 g/t gold, for a total of approximately 1.5 million ounces of gold, was estimated by these companies on the basis of their drilling, surface sampling, mapping and geophysical modeling. Previous exploration was terminated on non-technical grounds, leaving much of the defined mineralization open in several directions.

Michael Hawkins, President and CEO of East Asia Minerals Corporation, commented that the Company was very encouraged by the grade and width of the mineralization encountered by its sampling of the Abong prospect. "Whilst we understand that the potential quantity and grade referred to by previous explorers is conceptual in nature and there has been insufficient exploration to define a mineral resource, our results support the veracity of the earlier work and the potential for additional mineralization. We see that further work is necessary to define the full potential of the property and intend to commence drill testing of this exciting project in November. Our new results from Abong and other Aceh properties are validation of our decision to be early entrants into Aceh Province, and to be able to "cherry pick" some superb advanced exploration projects. With the region now progressing and attention to its potential increasing, we are extremely well placed for success."

The geology of the northwestern and central part of the Abong prospect is dominated by sedimentary rocks that formed in a back-arc basin environment. The back-arc basin rocks comprise reefal limestone with flow breccias and clastic / calcareous sediments grading into silty limestone, calcareous siltsone and mudstone. To the southeast the lithology changes to intermediate volcanics and exposed intrusives of the eroded volcanic arc. A northwest trending, district scale, deep crustal feature tapped by north-northeast dilational structures, transects the back-arc basin lithologies and appears to localize the numerous prospects along a 3 km x 1.5 km northwest corridor.

Alteration and mineralization in the district is consistent with the interpretation of the project as a sediment-hosted epithermal gold system. Mineralization/alteration is grouped into 3 main zones; northwest, central and southeast. The northwest zone is dominated by strongly brecciated and silicified calcareous siltstone along structural zones with peripheral decalcification and later stage cross-cutting quartz micro-veinlets. The quartz veinlets and breccia matrix contain pyrite, arsenopyrite and rare stibnite. The gold grades within this zone are the most consistent, with historic channel samples assaying up to 16 metres at 3.84 g/t gold and spot values to 15.9 g/t gold. These values are consistent with the new channel samples reported by East Asia Minerals. In the central zone, a recrystallized limestone core is flanked by massive silica sediment replacement rock (jasperoid) on its western periphery. This jasperoid is cross cut by later quartz - minor sulphide veinlets. The silica alteration front terminates abruptly at the limestone contact with a thin rind of calcite recrystallization and minor quartz stringers. The gold grades in this zone, as defined by historic sampling and wide spaced pattern drilling are consistently above 1 g/t gold from surface, but historic samples grading up to 129 g/t gold are noted. Recent field work conducted by East Asia Minerals has additionally identified northeast trending zones within the jasperoid with free gold common in hand specimen. The southeast zone is poorly understood, but is thought to be porphyritic andesite and diorite with narrow silica, and clay-sulphide alteration localized along structures. Grab samples of float and sub-crop material assayed up to 9 g/t gold.

Elsewhere in Aceh Province, East Asia Minerals reports that it continues to make good progress on its extensive portfolio of copper-gold projects. At its Tangse porphyry copper project, grab outcrop and channel samples of fine grained diorite from the supergene zone at East Tangse, where previous explorers had indicated potential for a supergene enriched zone of 30Mt grading between 0.6 to 0.8% copper (reported May 1, 2007) returned 1.8% to 3.25% copper in 8 grab samples, and channel samples of 3 metres at 0.92% copper and 2 metres at 0.83% copper. This sampling verifies the tenor of the supergene copper grades and extends the zone of supergene enrichment another 150 metres north of its previously defined limits.

At the Miwah high sulphidation epithermal project exploration activities have verified the surface results reported from previous explorers, with samples returning up to 15.3 g/t gold. Observed alteration styles include vughy silica - alunite +/- clay with a peripheral silica - sericite envelope with reported mineralization consisting of predominantly pyrite with enargite +/- chalcocite +/- covellite.

Samples reported were assayed at Intertek Laboratories in Jakarta. 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. East Asia has not verified the classification of the historic resource references and is not treating them as NI 43-101 defined resources verified by a QP. Although the historical references of resource potential are relevant to recognizing the potential of the Aceh projects, they should not be relied upon.

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 54,055,172 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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