East Asia Minerals Corporation - News Releases - East Asia Minerals Options Large Intrusive RElated Gold-Copper Project In Southwestern Mongolia




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	May 09, 2006 East Asia Minerals Options Large Intrusive RElated Gold-Copper Project In Southwestern Mongolia
	VANCOUVER, B.C.-- May 9, 2006--East Asia Minerals Corporation (TSXV-EAS) today announced that it has entered into option agreements to acquire 100% of two strategic tenement licenses that encompass a large intrusive related mineralizing system targeted for gold-copper potential. The project consists of 2 contiguous properties (Maanit and Shine Ulaan Uul) totaling 201,341 hectares located in the Gobi Altai province, approximately 1175 kilometres west-southwest of Ulaanbaatar in southwestern Mongolia. A location map is posted at www.EastAsiaMinerals.com. The project is focused on a major structural break between the Khovd and Nuur Terranes. Bedrock consists of Siluro-Devonian andesitic to basaltic volcanic rocks, intruded by a suite of Devonian to Carboniferous age, high level potassic intrusives. Recent results from rock chip sampling by the vendor (assayed by EAS) include 0.7g/t Au, 1.01% Cu and 5.0g/t Ag from sericite altered granitic rocks. Historic Soviet-era exploration identified numerous copper stained quartz stockwork zones up to 500 x 2500 metres and extensive sericitic and potassic alteration. This type of alteration is consistent with an intrusive related to porphyry-style mineralization. "This is a highly prospective target and the optioned properties offer East Asia Minerals a unique position advantage in this under-explored area", remarked Mike Hawkins, East Asia's Vice President of Exploration. "We intend to aggressively explore these projects and rapidly advance to a drill testing stage with field crews commencing detailed exploration in the upcoming weeks." Under the terms of the pledged option Agreement, East Asia Minerals has 6 years within which it can elect to acquire 100% of both properties for a total USD500,000. This option is subject to a pledge and loan agreement with the vendor, registered with MRPAM (Mineral Resources and Petroleum Authority of Mongolia). The vendor will retain a 1% NSR however, EAS retains first right of refusal on the purchase of the NSR. There is a signing payment of USD7500 for each property and an escalating annual property payment starting at USD25,000 for each of the properties commencing August 2006. Samples reported were assayed at SGS Mongolia LLC in Ulaanbaatar, Mongolia. Check samples are assayed at McPhar Labs in Manila, Philippines. East Asia Minerals conducts a rigorous and continuous QA/QC program, which is detailed at www.EastAsiaMinerals.com. Mike 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 is an Asian-based Canadian mineral exploration company with projects in Mongolia and on-going acquisition targets in Indonesia, Philippines, China, Mongolia and PNG. The Company has met the earn-in requirements to acquire a 75% interest in the Khok Adar copper oxide discovery by completing USD 1 million of exploration. It also has options to acquire 100% of six uranium properties and the Deren low sulphidation epithermal gold projects, all located in central Mongolia. East Asia currently has 42,801,706 shares outstanding. The Company's shares are listed for trading on the TSX Venture Exchange under the symbol "EAS". -30- FOR FURTHER INFORMATION, visit the Company's website at www.EastAsiaMinerals.com, or contact: East Asia Minerals Corp. Lyndon Bradish, President and CEO Tel: +852 2719-1551 (Hong Kong) Mobile +852 6103-9094 Fax: +852 2719-1664 E-mail: [email protected] www.eastasiaminerals.com CHF Investor Relations Nick Kohlmann, M.Sc., Vice President Tel: +1-416-868-1079 x222 Fax: +1-416-868-6198 Email: [email protected] www.chfir.com Should you wish to receive Company news via email, please email [email protected] and specify "EAS News" in the subject line. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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