East Asia Minerals Corporation

East Asia Minerals Corporation

August 30, 2007 08:30 ET

East Asia Minerals Extends Sangihe Mineralization and Starts Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2007) - East Asia Minerals Corporation (TSX VENTURE:EAS) announces that drilling is underway at its Binebase-Bawone gold prospect on Sangihe Island, Indonesia. The Company also reports a trench intercept of 7.8 metres grading 15.6 g/t gold and 195 g/t silver from the Brown Sugar Zone at the south end of the prospect.

A technical audit and review of the Sangihe Project has been completed by a senior independent consulting geologist and EAS technical staff. This effort, combined with high gold grades from trench samples and previous soil data, confirms that the Binebase-Bawone prospect is a priority exploration target. The Binebase-Bawone prospect is one of several gold mineralized occurrences in the Sangihe tenement. The mineralization occurs as sub-parallel zones associated with strike-slip faults, and as stratabound bodies. Host rocks are generally crystal tuff and andesites that have been variably altered to quartz-sercite-pyrite+/-kaolinite+/-barite+/-alunite assemblages. Shallow drilling by previous explorers encountered several strong intersections such as 91.3 metres with 2.45 g/t gold, 0.42% copper and 12.0 g/t silver. For more information on the prospect, refer to news releases dated July 17 and April 12, 2007.

A 1000 metre Phase I diamond drilling program is underway on the Binebase-Bawone prospect. The objectives of the program are to confirm mineralized intersections encountered by Ashton Mining (Australia) in the 1990s, and to validate their lateral continuity as indicated by the high gold values obtained from trench sampling. This continuity is controlled by gold-bearing structures interpreted to extend for 3 kilometres strike length. Previous shallow drilling did not adequately test the potential of this prospect. Mineralization in the target area is reinterpreted as near surface, shallow north dipping layers (lenses) and the majority of the historic drilling was at a northwest azimuth which would have drilled into the footwall or underlying lower grade gold mineralization. The drilling is being conducted by Asiadrill Bara Utama, an Australian-Indonesian drilling company and is expected to take approximately 6 to 8 weeks to complete. The drill will then be moved to the Company's Aceh projects.

Ongoing surface mapping, trenching and sampling are extending high grade gold-silver mineralization at Sangihe. A breccia zone in Trench C at the Brown Sugar area, 400 metres southwest of the Bawone occurrence, has assayed 7.8 metres at 15.6 g/t gold and 195 g/t silver. Trenching has extended the barite breccia zone in Trench A an additional 25 metres to the northwest (assays of 10 channel samples are pending).

Mapping and sampling also continues at the Aceh Province projects. At the Barisan Project, six rock chip samples from the Abong prospect returned an average of 1.22 g/t gold and 10 g/t silver, with a high of 3.52 g/t gold and 29 g/t silver. The mineralization was confirmed to be epithermal, sediment hosted gold in silica replacement (jasperiods) of calcareous sediments. Assay results for 105 rock channel samples from the Upper Tengkereng porphyry prospect have returned assay highlights of 51 metres at 0.12 g/t gold, 0.12% copper and 90 ppm molybdenum, and 2 metres at 1.46 g/t gold, 0.73% copper and 582 ppm molybdenum. At the Takengon Project assay highlights from 30 channel samples along 70 metres at the Collins prospect include 5 metres at 3.37 g/t gold and 5 metres at 1.81 g/t gold.

Samples reported were assayed at PT SGS Indoassay assay laboratories. Michael Hawkins, M.Sc., MAusIMM, 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 seven 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 45,875,208 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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