East Asia Minerals Corporation

East Asia Minerals Corporation

October 18, 2007 07:45 ET

East Asia Minerals Intercepts 32 Metres of 4.18 g/t Gold in Channel Sample at Bawone-Binebase Project, Sangihe Island, Indonesia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to announce that its exploration program in Indonesia continues to extend the areas of known gold mineralization at its Bawone-Binebase project. This news follows the Company's October 16, 2007 announcement that it had, in its first three drill holes into the Bawone epithermal gold Prospect, intersected wide zones of near surface gold mineralization including 95 metres at 2.15 g/t gold and 125 metres at 1.67 g/t gold.

Trenching and channel sample results from the Binebase part of the Sangihe gold mineralized system, approximately 1.2 kilometres along strike from and possibly contiguous with the Bawone drilling area, have indicated wide zones of significant epithermal gold mineralization at surface. Results received to date include;

32 metres of 4.18 g/t gold, 38.0 g/t silver,
24 metres of 0.97 g/t gold,
36 metres of 1.10 g/t gold,
9 metres of 1.50 g/t gold,
8 metres of 1.40 g/t gold,
78 metres of 0.51 g/t gold,
41 metres of 0.52 g/t gold.

Historic trench results (from the 1980's) from this area also include 52 metres of 2.14 g/t gold and 62 metres of 1.2 g/t gold. East Asia has conducted cyanide leach testing of mineralization in these zones and reports that generally more than 90% of gold is recoverable after conventional cyanide extraction.

East Asia Minerals Corporation has an ongoing program to rehabilitate and resample historic trenches, and open new exposures at Binebase. This program is designed to verify and extend historic, and East Asia's, surface rock and soil gold assay results, to test the continuity of the mineralized corridor between Binebase and Bawone, and to locate new zones. The Company notes that the Bawone mineralization is open along strike to the north-northwest towards Binebase, and that historic soil sampling data shows significant gold anomalies along the corridor between the prospects. The Bawone mineralized zone is also open along strike to the south-southeast. East Asia's surface sampling and mapping program will form the basis of drill planning at Binebase.

Michael Hawkins, President and CEO of East Asia Minerals Corporation said "We are very enthusiastic about the obvious potential of the Bawone-Binebase area. Our drilling at the Bawone prospect is giving us great encouragement. To step out along strike 1.2 kilometres to Binebase and return such significant widths of gold mineralization at surface is indicative of the potential of the area. We aim to, whilst we continue to drill define Bawone, rapidly advance Binebase to drill stage."

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

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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