East Asia Minerals Corporation

East Asia Minerals Corporation

October 05, 2009 08:36 ET

East Asia Minerals Updates Progress at Miwah Gold Project-Indonesia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2009) - East Asia Minerals Corporation (TSX VENTURE:EAS) reports that exploration activities at its Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia have not been affected by the recent earthquakes that have resulted in the crisis of Western Sumatra. Foremost, East Asia Minerals extends condolences to the families and communities that have been affected by the earthquakes.

Regarding the Company's activities, the exploration area and business are unaffected and continuing on schedule following a break during the last part of September in respect of the Ramadan period and the Idul Fitri celebrations. Prior to the break commencing September 14, drill holes EMD090 and EMD010 were successfully completed. On September 25 work recommenced with drill hole EMD011 and is progressing well, being half completed. Following completion of EMD011, drill hole EMD012 will test the Main Miwah Gold Zone with a further step-out approximately 200 metres east of EMD008/011.

Intertech assay laboratories in Jakarta, East Asia Minerals' primary commercial lab, has also recommenced and is catching up on the back-log of samples from the Idul Fitri celebrations. The Company has been advised that assays for drill holes EMD009 and EMD010 are to be expected later this week or early next week.

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 66,014,122 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.

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