East Asia Minerals Corporation

East Asia Minerals Corporation

August 24, 2009 08:30 ET

East Asia Minerals Encounters 106.46 g/t Gold Over 4.60 Metres in Rock Sawn Channel Sampling at Eastern Area of Main Miwah Gold Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2009) - East Asia Minerals Corporation (TSX VENTURE:EAS) continues to encounter significant gold intercepts from rock sawn channel sampling at its Miwah Gold Project located in Aceh Province, North Sumatra, Indonesia. The latest sampling has encountered high-grade gold from the eastern part of the shallow, laterally extensive Main Miwah Gold Zone, including 106.46 g/t gold over 4.60 metres and 3.10 g/t gold over 5.60 metres.

Miwah Channel Sampling Update

Additional encouraging assays have been received from rock sawn channel sampling at the Miwah Gold Zone (view map at www.EAminerals.com). Results from the eastern part of the 1,200 metres strike length Main Miwah Gold Zone returned an area of consistently strong gold mineralization. Selected intervals include:

- 106.46 g/t gold over 4.6 metres (Trench RC188)
- 3.10 g/t gold over 5.6 metres (Trench RC187)
- 1.00 g/t gold over 12.0 metres (Trench RC190)
- 1.02 g/t gold over 4.5 metres (Trench RC186)
- 0.51 g/t gold over 10.0 metres (Trench RC185)
- 0.37 g/t gold over 10.0 metres (Trench RC189)
- 0.36 g/t gold over 14.6 metres (Trench RC199)

In an area located 265 metres to the west-southwest, where current drill hole EMD008 is well advanced, previously reported samples (news release January 21, 2009) averaged 4.11 g/t gold across a 200 metre long, semi-continuous channel. Selected un-cut composite trench intervals here included:

- 14.00 g/t gold over 20.0 metres (Trench RC119)
- 6.19 g/t gold over 6.0 metres (Trench RC121)
- 3.70 g/t gold over 10.0 metres (Trench RC117)
- 2.41 g/t gold over 32.0 metres (Trench RC118)
- 1.61 g/t gold over 5.0 metres (Trench RC115)
- 1.45 g/t gold over 20.0 metres (Trench RC116)
- 0.75 g/t gold over 34.0 metres (Trench RC114)
- 0.61 g/t gold over 15.0 metres (Trench RC112)
- 0.58 g/t gold over 50.0 metres (Trench RC103)

Michael Hawkins, President and CEO of East Asia Minerals Corporation stated "We continue to be very encouraged by the tenor of our widely distributed rock sawn channel sampling of this well exposed high sulphidation epithermal gold system. The ongoing detailed mapping and extensive surface sampling is improving our geologic modelling of the Miwah Gold system and supports the interpretation that the upper part of the Main Miwah Gold Zone is higher grade than the lower parts of the system. Also encouraging is that recent drill results from the western area of the Main Miwah Gold Zone returned higher grades in the upper part of the system than the adjacent surface samples."

The initial 13-hole diamond drill program is progressing well, with assays for EMD004 and 005 expected this week.

Miwah Background

The Miwah Gold Prospect was partially defined by approximately 3,000 metres of drilling in eleven holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was parallel to higher grade (greater than 5 g/t gold) structures at surface, and topographically too low to intersect higher grade parts of the Main Miwah Gold Zone . Hence, in addition to greater mineralized tonnage, significantly higher overall grades are anticipated from better geological understanding, results of the Company's detailed sampling, and properly oriented and located drill holes.

Based on the Company's work Miwah is resolving into two components; a large 1,200 metre long, 300 to 400 metre wide, approximately 200 metre thick tabular zone; and vertical diatreme breccia feeder zones that are beneath and cut through this. Within the tabular zone East Asia has over 2,000 metres of rock sawn channel samples which average 1.2 g/t gold. Ongoing sampling verified the Company's confidence that higher overall gold grades can be achieved due to the presence of multiple high grade rock sawn channel samples throughout the strike, including 4.11 g/t gold over 200 metres at the eastern part of the gold zone, and 4.35 g/t gold over 27 metres at the western part. Recent drilling has supported the geology model, with intercepts of, for example, 142.9 metres of 2.25 g/t gold within which the upper 51 metres returns 4.31 g/t gold. In addition to the tabular zone the Company has begun to characterize some of the diatreme breccia feeder zones, with rock sawn channel samples including 83.59 g/t gold over 24 metres and 20.14 g/t gold over 12 metres. Recent drilling has supported this. These feeder zones, one of which has been mapped over a 650 metres long by 300 metres wide area, have great potential to develop into substantial tonnages of higher grade gold mineralization in an area adjacent to the Main Miwah Gold Zone.

The Miwah Property is in a very similar volcanic setting to the Martabe gold-silver deposit, also located in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces gold) and 15 g/t silver (60 million ounces silver), and the alteration system is of a comparable size. Miwah also exhibits a likeness to the size, style and geometry of the alteration system developed at the Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t silver, giving a total 6.49 million ounces gold and 47.9 million ounces silver).

Samples reported were assayed at Intertech assay laboratories in Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release. East Asia has not verified the classification of the resource references and is not treating them as NI 43-101 defined resources verified by a QP. Although the references of resources are relevant to recognizing the potential of the Miwah project, they should not be relied upon.

About East Asia Minerals Corporation

East Asia Minerals (TSX VENTURE:EAS) 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 advanced to define NI43-101 compliant resources. The Company owns eleven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, four phosphate properties, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 65,365,372 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 British Columbia Securities Act, 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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