East Asia Minerals Corporation

East Asia Minerals Corporation

November 19, 2007 08:30 ET

East Asia Minerals Extends Bawone With 31.6 Metres From Surface of 3.75 g/t Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that drilling at the Sangihe Project, Indonesia, continues to extend the Bawone Prospect. Drill hole BOD-07 intersected 31.6 metres of 3.75 g/t gold, including 21.6 metres of 5.02 g/t from 3.4 metres depth. Drill hole BOD-08 encountered 100.0 metres of 0.86 g/t gold, with sampling ending in 3.26 g/t gold near the end of hole in a newly recognized mineralization type. These results indicate the presence of a potentially significant near surface epithermal gold mineralized zone of at least 80 metres width, open along strike in both directions and overlying possible porphyry style mineralization.

Assay Highlights

Drill From To Interval Gold Silver Copper
Hole (m) (m) (m) (g/t) (g/t) (%)
BOD-07 3.4 35.0 31.6 3.75 12.01 0.12
Including 3.4 25.0 21.6 5.02 13.45 0.08

BOD-08 51.0 151.0 100.0 0.86 4.81 0.17
Including 112.0 151.0 39.0 1.29 8.66 0.20
Including 149.0 151.0 2.0 3.26 49.0 0.02

BOD-07 was collared approximately 70 metres southeast of section BOD-01/03, close to a historic vertical drill hole which reported 20.2 metres of 3.97 g/t gold and 0.47% copper from 21.8 metres depth. The hole was drilled with a southwest inclination to 59.95 metres down hole depth, and continued the mineralized section southwest from drill hole BOD-02 (refer to the Company's website at www.EAminerals.com for a plan view of drilling). East Asia's discovery of additional gold defines a wider zone of mineralization than previously interpreted. Furthermore, the intersection in BOD-07 under-reports the actual grades due to 1.75 metres of lost core during drilling (at 13 and 19 metres depth) and being assigned a zero grade for the composite calculation.

Mineralization in BOD-07 occurs in andesite crystal tuff and breccia, associated with clay - barite - silica - sulphide (5 to 10%) - limonite alteration. The sulphides comprise pyrite, enargite, chalcocite and arsenian pyrite. This is cut by a gossanous, vughy silica - barite - clay - limonite fault zone from 16.20 to 23.55 metres. Beneath the fault zone, alteration is dominated by barite - clay - silica and increased sulphide content (5 to 50%).

Section BOD-08/09/10 was drilled approximately 50 metres southeast of section BOD-01/03 to validate historic drill results and conduct delineation drilling in the central portion of the Bawone Prospect. This section is along strike between BOD-07 and previously reported section BOD-01/03 where 91.3 metres of 2.45 g/t gold (including 50.0 metres of 3.32 g/t gold) and 125.0 metres of 1.67 g/t gold were drilled (reported October 16, 2007).

BOD-08, the centre hole of the section, was drilled with a northeast inclination to 156.0 metres depth. Results from this hole include a higher grade section of 39.0 metres of 1.29 g/t gold that further demonstrates the continuity of the Bawone mineralization. The gold intersection largely occurs in andesite crystal tuff and breccia, associated with a silica - clay - barite - sulphide (5 to 40%) assemblage. In addition to the wide interval of epithermal gold mineralization in BOD-08, a high grade interval of 3.26 g/t gold near the end-of-hole occurs in altered porphyry diorite with moderate clay-chlorite-pyrite overprint. This newly recognized environment potentially represents an underlying porphyry target.

BOD-09, the southwestern hole of the section, was also drilled with a northeast inclination and ended in mineralization at 221.25 metres due to drill limitations. The hole encountered mineralization from 50.9 metres to the end of hole. Results are pending. BOD-10, the northeastern hole of the section, was designed as a scissor hole with a southwest inclination to delineate the mineralization and improve the geological model. Drilling is in progress.

"We continue to be greatly encouraged by the Bawone Prospect and other gold-copper mineralized zones on the Sangihe Property", stated Michael Hawkins, President and CEO of EAS. "The gold mineralization remains consistent over great widths and we are confident we will continue to enhance the potential of the Bawone Prospect, while opening up other prospects such as Binebase and Brown Sugar. We are well on track to commence drill definition for 43-101 compliant resources at Sangihe during 2008".

Compilation of recent drill results at Bawone will be used to implement a delineation program during the first half of 2008. The Company then intends to undertake a definition drill program and complete NI43-101 compliant reporting for the Bawone Prospect by the end of 2008. Following current hole BOD-10 the drill rig will be moved to the Binabase Prospect, approximately 1.2 kilometres north of Bawone, to test recently trenched gold zones in areas of interpreted feeder structures where up to 32 metres of 4.18 g/t gold were encountered (reported October 18, 2007). A preliminary program of five drill holes for 400 to 500 metres of core drilling is planned. Induced polarization surveying is also commencing to enhance understanding of the shallow covered geology between the Bawone and Binabase Prospects, and add to the understanding at the Brown Sugar and Bonzos Zones where recent East Asia drilling encountered 16 metres of 2.7 g/t gold, 400 metres southwest of Bawone (reported October 25, 2007).

Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. 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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