Smart Investment - mexicomike.ca

[Thomas K Coates]

EAST ASIA MINERALS CORP



East Asia Minerals Reports Indonesia Exploration Progress and Extensions to Gold and Copper Mineralization
9/18/2007

VANCOUVER, BRITISH COLUMBIA, Sep 18, 2007 (CCNMatthews via COMTEX News Network) --
East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to provide an update to exploration activities at its Indonesian projects, and report that encouraging gold and copper mineralization continues to be discovered.

Sangihe Project - North Sulawesi

Channel sampling in new trenches at the Brown Sugar Zone (in addition to the 7.8 metres of 15.6 g/t gold and 195 g/t silver reported August 30, 2007) has further extended the mineralization with 12.0 metres of 2.45 g/t gold including 4.0 metres of 5.20 g/t gold, and 10.0 metres of 2.65 g/t gold including 2.0 metres of 9.89 g/t gold. The mineralization occurs in barite - quartz breccia. To the north at the Binebase prospect, Trench BIT-2 returned 35.0 metres of 1.12g/t gold.

The Sangihe channel samples greater than 0.5 g/t gold have been tested for cyanide leach recoveries. A comparison of gold in fire assay and gold in cyanide leach are very encouraging. Preliminary cyanide leach tests of the Bawone samples have returned a 91.2% to 92.4% gold recovery for oxide and partial oxide material. Binebase samples have an 85.3% to 94.7% recovery with the extraction rate being for lower grade gold material.

The Company also reports that Sangihe drilling is progressing well and is intercepting mineralized and altered rock similar to that reported in historical drill holes. Two EAS holes have been completed to date, with assays pending.

EAS hole BOD 1, a twin of historical hole BS-18, was drilled to 145 metres. It intersected a silica-barite breccia zone with pervasive to massive sulphide mineralization from 29.2 to 75.0 metres, and a moderate to strong sulphide zone with silica-barite stockworks from 75.0 to 133.0 metres. Hole BOD 2 was drilled to 85 metres and tested a historical high grade zone (20.2 metres of 3.99 g/t gold and 21 g/t silver) reported in hole BS-07, a nearby historical hole. It intersected 22.0 metres of intense vuggy silica-sulphide-barite breccia from 50.0 to 72.0 metres.

Aceh Projects

Abong Prospect - Barisan 1 Property - Detailed historic exploration data for the Abong sediment-hosted gold prospect, previously worked by North Limited and Rio Tinto, has been purchased and reviewed. In addition to East Asia results, the historic data identifies five mineralized zones. The best of these is the Sarah zone, with historic channel sample results including 16.0 metres of 3.84 g/t gold, 20.0 metres of 2.04 g/t gold, and 16.0 metres of 3.68 g/t gold. At the Narara 1 prospect, historic grab samples are reported with "bonanza" epithermal gold grades, some with visible gold in hand specimen. These include 16.87g/t gold, 129.0g/t gold, 22.6g/t gold, 21.5g/t gold and 54.9g/t gold. Preliminary rock chip sampling by East Asia has encountered grades as high as 3.52 g/t gold and 29.0 g/t silver (August 30, 2007 news release). Review of the historic data supports the previous East Asia observations that the limited past drilling did not properly test the gold anomalous surface samples. This appears to be due to the limited understanding of the structural controls to the surface mineralization (i.e. testing high grade zone away from mapped feeder structures), and the program being terminated prematurely in 1998 due to non-technical reasons.

Miwah Project - At the Miwah epithermal gold-copper Project, previously worked by Highlands Gold, ninety-one rock channel and grab samples were collected by East Asia from a vuggy silica and massive silica-alunite-clay breccia. Results include 6.0 metres of 3.63 g/t gold, 6.5 metres of 2.66 g/t gold, 30.0 metres of 1.12g/t gold, and 12.0 metres of 1.33g/t gold. The breccia zone hosting these gold rich samples is 600 metres by 250 metres in extent, and is essentially untested by drilling (three shallow holes at the south extreme). Elsewhere on the property ongoing exploration is focused on improving the definition of higher grade gold in structures that are perpendicular to the historic drilling where grades outside the structures include 71.0 metres at 1.4 g/t gold and 58.0 metres at 1.1 g/t gold.

Upper Tengkereng - Barisan 2 Project - Ongoing exploration activities at the Upper Tengkereng gold-copper porphyry Project are defining a series of north to northeast trending dilation features that contain the better copper values. Better gold grades are found in an east-west fault that dissects the porphyry mineralization and includes 15.0 metres of 0.51g/t gold and 35.0 metres of 0.76g/t gold, including 5.0 metres of 1.27g/t gold. Thus far, the Upper Tengkereng prospect is defined for approximately 600 metres long by 400 metres wide, confirming past Rio Tinto work.

Tangse Project - At the Tangse copper-molybdenum porphyry project, previously worked by Rio Tinto, ongoing exploration has extended the supergene malachite-chalcocite mineralization for 150 metres northeast along strike from the discovery outcrop (30 metre composite chip sample with 2.85% Cu; July 17, 2007 news release). The malachite-chalcocite mineralization extends into the feldspar diorite porphyry where hypogene chalcopyrite-bornite-chalcocite mineralization occurs as fracture fill in dykes. The dykes are interpreted to represent apophyses of a larger, mineralized body at depth.

Takengon Project - Current exploration work is focused on semi-regional follow-up of stream and rock chip sampling anomalies, defined by past Minorco exploration. Recently reported highlights include 5 metres at 3.37 g/t gold and 5 metres at 1.81 g/t gold (August 30, 2007 news release).

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 45,935,208 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.

To receive or stop receiving

[coach247]

EAST ASIA MINERALS CORPORATION

TSX VENTURE SYMBOL: EAS

AUGUST 30, 2007

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.

To receive or stop receiving EAS news via email, please email
Info@EAminerals.com and state your preference in the subject line.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

East Asia Minerals Corporation
Michael Hawkins
President
(778) 997-2183
Email: Hawkins@EAminerals.com
or
East Asia Minerals Corporation
Nick Kohlmann
Corporate Communications
(416) 792-8734
Email: Kohlmann@EAminerals.com
Website: www.EAminerals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
_________________
Its only a gambling problem if you are losing...

[Vagrant]

No at best I think the dividend will raise the price of EAS to 3 dollars per share. Since the dividend is a one time deal it doesn't make sense for the stock to go any higher based on the news of the dividend.

I am very certain that the deal will go through, as the buyer is Areva one of the biggest uranium companies in the world and they have agreed to pay all cash.

If we were to look at risk we would need to assess what EAS is worth post dividend. If EAS as a whole is worth ~70 cents or less, it makes little sense to buy into EAS now as whatever gets paid out in the form of a dividend will most likely see an equal decrease in the price of the shares. From that point of view I think the market is a bit uncertain as to how to value EAS, but as I posted earlier all that cash from the sale makes for a very good cushion and at these prices there is very little to lose imo.

For my part EAS just looks like a good flip in the short term. Long term I have no idea about the fundamentals.

[dau2006]

I'm sorry but I'm no expert. But if the sale of the property will be confirmed in September and there will be a dividend of about 1 CAD/share isn't it likely that the share price will race in a region between 4 and 6 CAD until the dividend payout? Because a purchase price of 6 CAD compared with a dividend of 1 CAD would still mean a gain of more then 15 %.

So where is the risk at the moment? That the shareholder won't agree at the meeting? That the sale could be canceled due to financing problems by the buyer?

Could it be that easy to earn a 50 % gain for everyone who buys the share at current price? I can't believe that.

Greets

dau2006

[coach247]

I hate to be sitting on my hands and would be a happy buyer of more shares at the current price range if I had the money. In fact, I am waiting on a few big cheques to come in the mail, and when I get them, I will be buying more EAS. And I am not just buying for the dividend, although that represents the icing on the cake. For me its been a long term core position, and the company will be extremely strong after the dividend date, with a tight share structure, a fully stocked treasury, excellent projects, and a drilling program underway at one of the uranium prospects. So there is going to be good long term value for investors in this one even after the runnup and selloff associated with the dividend.

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[Vagrant]

True but whatever gets added must also be accounted for in terms of share dilution. Those additional shares will count towards the total amount of shares that the dividend must be paid out to. So while EAS may gain 10 million for operational purposes we shareholders will receive a proportionate amount less when we receive our dividend.

[speac]

EAS will also reap the bonus of having all the o/s options and warrants likely cashed in to take advantage of the dividend (surely the warrants which expire in two months). Not sure of the final figure, but will add over $10 Million to the bank

Scott

[Vagrant]

I think its normal to vote on this sort of thing. I'm pretty sure the deal is in the bag though since its worth almost the entire market cap of the company and management owns ~45% of the company and is in favor of the sale.

I have no idea whats up with this stock, I'm probably going to buy more at these levels. We should hear something about the dividend payout some time in mid september and I expect the market will act more favorably towards EAS at that time.

Depending on how the sale is treated taxwise I can see a dividend per share in the range of 0.98 - 1.16. Taking the mean of that I'd get 1.07 per share in dividend payment. Not to mention that whatever EAS keeps for operational purposes should also be impounded into the stock. So I can definately see a lot of upside at these levels while also having a lot of downside protection in terms of the dividend and cash on hand that EAS will have.

[speac]

Does not the "yield" on the potential dividend keep getting better and better with the dumping of this stock.

I don't know the full terms of the sale but it is likely money in the bank, simply waiting for the shareholder vote. I guess the "risk" is that the remaining properties would not be worth the imputed value of the shares net of any dividend.

Can't see the downside of buying more on this weakness.

By the way - why a shareholder vote on this deal? Is that normal course of events? I thought management was hired to take care of this type of thing. Its not like its a sale of the company.

Regards from someone in the process of taking a deep, deep breath

Scott

[goldbug]

Hello coach ,

you are a true leader .You do not need financial credentials to earn the trust and respect of so many of us...you have earned it .

If a few disgruntled investors blame you for their losses, they do not understand you ...you are sincere , generous to a fault and truly caring that your members profit along with you in this risky sector.

Do not allow these very few in number to upset your equilibrium ...you are treasured and appreciated by many more members.

Have a good vacation,you deserve it and we look forward to your return soon.

goldbug

[steve13881]

Some weakness today so I started a position at 1.5% of my portfolio. Very little volume, only a little over 4000 shares traded---

Hey Coach, whether it pans out or not, thanks for bringing this one to the board. We're all big boys and girls here, we make our own decisions, and if one pick doesn't work out, it sure isn't your fault. Don't let those blamers get you down

[mack]

Hey Coach
Stock-picken and fish'en have a lot in common. You can look in likely places for the whoppers but.....
Enjoy your time off and thanks for all your efforts. I am happy to have some EAS courtesty of your table pounding.

[Vagrant]

Hey Coach, looks like you're taking some of the criticism you're getting on EAS a bit rough. I actually dumped all of my ADA in order to take a very large position in EAS and it was your table pounding that got me to do it, I can say that I'm quite happy with the outcome so far.

As for not being a registered financial advisor, I can tell you that most of them are glorified salesmen anyways. All you need to become an advisor is to take the Canadian Securities Course and the Conduct and Practices courses offered by the Canadian Securities Institute and I can tell you from experience those courses are a joke to take. Most advisors are just there to schmooze with clients and get their business, almost all of them follow a list of pre-approved stocks that have been analyzed by their in-house research departments. I place your opinion as well as those of the posters on this forum as being well above those of a typical financial advisor.

And as per your blog, I don't think you should blame yourself when you pound the table on a stock, you have your convictions and you stick to them. No one can expect to be right all the time, especially in these markets. You probably knew that though.

Anyways thanks for the tip-off on EAS, it was much appreciated.

[smilewithme]

[queue1960]

Thanks Coach. I managed to pick up an initial position under $ 2.00 yesterday, and had an order in to buy more at that price, but it didn't fill. Could have, should have just paid up the extra few pennies to buy the additional shares. Happy to have what I do though.

I really appreciate your pounding the table on this one.