East Asia Minerals Corporation

East Asia Minerals Corporation

January 28, 2008 08:30 ET

East Asia Minerals Drills 4.84 g/t Gold Over 9 Metres in Near Surface Abong Jasperoid

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that its initial drilling on the extensive, flat-lying Abong Jasperoid within the Barisan Property, Aceh Province, Indonesia, encountered significant, near surface epithermal gold mineralization in all holes assayed to date. Drill hole ABD-01 intersected 2.81 g/t gold over 10.0 metres, ABD-02 intersected 1.78 g/t gold over 10.0 metres, and ABD-03 intersected 4.84 g/t gold over 9.0 metres.

This initial, ongoing program is drilling holes at 150 to 200 metre centres to more completely delineate historically outlined, shallow dipping stratabound epithermal gold mineralization that apparently occurs over an area of at least 1,500 metres by 550 metres. The reported holes were drilled along a northeast trending section in the centre of the historically defined mineralization (view map at www.EAminerals.com) and prove the western down dip extension of shallow dipping jasperoid mineralization beneath a thin veneer of mudstone. Based on mapping, trenching and extensive sampling by East Asia Minerals, and on historic drill data, the zone is open in several directions.

Abong Jasperoid Prospect drill assays to date
Drill Hole From (m) To (m) Interval (m) Gold (g/t)
ABD-1 21.0 31.0 10.0 2.81
ABD-2 63.0 73.0 10.0 1.78
ABD-3 14.0 23.0 9.0 4.84

Two major mining companies drilled 28 holes, 20 to 120 metres deep, on the Abong Jasperoid Prospect in the mid 1990's. A speculative non-NI43-101 compliant resource of 40 to 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 (October 30, 2007 news release). In 2007 East Asia Minerals collected 420 channel samples of generally 1 metre length that returned an average of 1.24 g/t gold, with a high of 47.7 g/t gold. The current drill results further demonstrate the veracity of the historic work.

"Our results demonstrate the potential to quickly outline gold mineralization over great areal extent, in an exposed and shallow covered tabular body", stated Michael Hawkins, President and CEO of EAS. "We are greatly encouraged that drilling of our Aceh Province portfolio has commenced with such promising gold results. In addition to being on track to outline NI43-101 compliant resources at Sangihe, North Sulawesi Province, during 2008, we are now well in progress for the same at our Abong area. We are particularly encouraged by the consistency of stratabound and stratiform gold mineralization in the Abong Jasperoid, and that the grades we are encountering, whilst over similar widths, are significantly higher grade than those reported by previous explorers."

Abong Corridor Overview

Results previously announced by the Company define three mineralized bodies in the 3 x 1.5 Abong mineralized corridor: the above reported Abong Jasperiod Prospect, and the Bintang and Fikri Breccia Prospects. Historic exploration in the Abong Corridor was terminated on non-technical grounds, leaving much of the mineralization open in several directions.

At the Bintang Breccia Prospect in the northwest portion of the corridor, trench sampling by East Asia Minerals over a 350 x 250 metre area encountered several significant intervals of gold mineralization including 8.0 metres at 12.11 g/t gold (January 14, 2008 news release). This sampling is immediately southeast of an area approximately 400 x 100 metres grading greater than 5 g/t gold, outlined by previous senior explorers within a 750 x 450 metre mineralized area of exposed breccia in sediments.

At the Fikri Breccia Prospect, located southeast of the Bintang Prospect, the Company sampled a surface exposed epithermal zone with channel values including 11.0 metres at 11.28 g/t gold, open for drill testing (January 14, 2008 news releases). The Fikri mineralization occurs along structures and in breccias developed along the main Abong Area corridor.

Samples reported were assayed at Intertek Laboratories in Jakarta. 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 reference and is not treating it as a NI 43-101 defined resource verified by a QP. Although the historical reference of resource potential is relevant to recognizing the potential of the Abong projects, it 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 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.

To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information