East Energy Corp.
TSX VENTURE : EEC

East Energy Corp.

June 25, 2008 12:24 ET

East Energy Acquires Thermal Coal Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES

East Energy Corp. (the "Company" or "East Energy") (TSX VENTURE:EEC) is pleased to announce the acquisition of 100% ownership of the Hinton Coal Property (the "Hinton Property") in the Foothills Region of central Alberta. The Hinton Property is a surface mineable deposit and is in a land use area classified as category four which is the most favourable for resource development in Alberta. The following in-place resource estimates were reported in a NI43-101 Technical Report independently prepared for the previous owner by Norwest Corporation, authored by Ted Hannah (P.Geol.) and Craig Acott (P.Eng.). An updated 43-101 report will be filed within 45 days.

East Energy acquired 100% mineral rights to the property for C$1,000,000, which will be paid in a lump sum, plus a 5% net profits royalty on any sales of coal from the property. A finder's fee consisting of 50,000 common shares of East Energy is payable.



In-Place Coal Resources Suitable for Surface Mining to 12:1 Strip Ratio
(tonnes)
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Measured Indicated Inferred
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HV C Bituminous 47,032,000 2,557,000 161,000
(thermal)
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In-Place Coal Resources Suitable for Surface Mining from 12:1 to 20:1
Strip Ratio
(tonnes)
-----------------------------------------------------------------------
Measured Indicated Inferred
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HV C Bituminous 33,339,000 23,838,000 8,559,000
(thermal)
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Measured and Indicated Inferred
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Total Resources 106,766,000 8,720,000
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The coal resources on the Hinton Property were estimated based on previous exploration drilling. A total of 87 coal exploration drill holes covering 7,067 metres (23,185 feet) were drilled in and around the area. The high volatile bituminous low sulphur coal of the Hinton Property is part of the Coalspur Formation. The quality of the coal on this Property indicates that it is suitable for the international export thermal-coal market after beneficiation. The Company is currently reviewing the best approach to monetize this resource with the goal of further increasing shareholder value.

Hinton Coal Property Summary

East Energy's Hinton Coal Property is located approximately 306 kilometres (190 miles) west of Edmonton. It covers an area measuring approximately 2,784 hectares (6,880 acres). The closest major centre is the town of Hinton, located approximately 19 kilometres to the southeast. There are several operating coal mines in the area.

The property is readily accessible via Alberta's Highway 40 and from a network of secondary roads. In addition, it benefits from proximity to western Alberta's rail network with links to Vancouver's Westshore Terminals and the Port of Prince Rupert, all of which facilitates the shipping of coal to international destinations.

Howard Ratti, a "qualified person" as defined by National Instrument 43-101, has reviewed the contents of the 43-101 report and this press release. Mr. Ratti is a senior mining executive with over 30 years national and international experience, and has a global organizational background in the United States, Canada and the United Kingdom. Mr. Ratti is the former senior vice-president at Luscar Ltd., Canada's largest coal company.

About East Energy

East Energy Corp. is a Canadian junior mining company engaged in the acquisition and development of coal properties in China and North America. Additional information is available on the East Energy web site at www.eastenergy.com. East Energy trades on the TSX Venture Exchange under the symbol EEC.

ON BEHALF OF THE BOARD:

Howard Ratti, President and CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the British Columbia Securities Commission, which can be viewed at www.SEDAR.com.

The TSX Venture Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this release.

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