East Asia Minerals Corporation - News Releases - East Asia Reports Strong Progress With Abong and Sangihe Drill Programs, Including 3.60 g/t Gold Over 13.0 Metres and 2.69 g/t Gold Over 17.0 Metres




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	June 02, 2008 East Asia Reports Strong Progress With Abong and Sangihe Drill Programs, Including 3.60 g/t Gold Over 13.0 Metres and 2.69 g/t Gold Over 17.0 Metres
	For Immediate release, June 2, 2008 TSXV: EAS VANCOUVER, B.C. -- Monday, June 2, 2008 -- East Asia Minerals Corporation (TSXV-EAS) reports that drill programs at its Abong and Sangihe projects in Indonesia are progressing well towards the planned year-end NI43-101 resource estimates. Drilling at the flat-lying, near-surface Abong Jasperoid Prospect, Aceh Province continues to produce gold-bearing intercepts including 3.60 g/t gold over 13.0 metres and 2.69 g/t gold over 17.0 metres. Additionally, drilling in the northeast and south-central areas of the Binebase Prospect at the Sangihe Property, North Sulawesi is defining the oxide gold outlines for the extensive near-surface Binebase-Bawone epithermal gold mineralization. Abong Jasperoid Prospect New Abong drill assays (for a complete assay listing refer to www.EAminerals.com): Drill Hole From (m) To (m) Interval (m) Gold (g/t) ABD-33 6.0 8.0 2.0 0.74 And 13.0 18.0 5.0 0.31 ABD-34 13.0 30.0 17.0 2.69 Including 13.0 18.0 5.0 6.50 And 25.0 28.0 3.0 3.44 ABD-35 5.0 20.0 15.0 1.10 Including 8.0 15.0 7.0 1.87 ABD-36 -- -- -- none significant ABD-37 25.0 38.0 13.0 3.60 Including 26.0 35.0 9.0 4.97 ABD-38 -- -- -- none significant ABD-39 63.0 70.0 7.0 2.11 Including 63.0 67.0 4.0 3.25 Assays have been received for diamond drill holes ABD-33 to ABD-39 and are highlighted by ABD-34 with 2.69 g/t gold over 17.0 metres, including 6.50 g/t gold over 5.0 metres; ABD-35 with 1.10 g/t gold over 15.0 metres, including 1.87 g/t gold over 7.0 metres; ABD-37 with 3.60 g/t gold over 13.0 metres, including 4.97 g/t gold over 9.0 metres; and ABD-39 with 2.11 g/t gold over 7.0 metres, including 3.25 g/t gold over 4.0 metres. ABD-34 was drilled with an east-southeast azimuth to test across the northeast trending Sinkhole lode intersected by ABD-03 (4.84 g/t gold over 9.0 metres). ABD-34 intersected multiphase jasperiod and colloform banded quartz-sulphide infill to 16 metres depth (11 metres true width), verifying the tenor of gold grades in ABD-03, and demonstrating the consistency of higher gold grades within the Sinkhole lode. ABD-35 was drilled with an east-southeast azimuth to test across the Korosesuk lode intersected by ABD-31 (1.26 g/t gold over 18.0 metres, including 1.62 g/t gold over 10.0 metres). ABD-35 intersected similar mineralization and quartz vein overprinted jasperiod as ABD-31, demonstrating consistency of gold grades. ABD-37 was collared 11 metres east of ABD-23 (2.80 g/t gold over 17.0 metres, including 4.14 g/t gold over 11.0 metres), south of the Sinkhole lode, to test the potential for a feeder structure below the high-grade ABD-23 gold mineralization. ABD-37 intersected the same multiphase jasperiod gold mineralization as ABD-23. A zone of broken un-mineralized limestone is interpreted to be the fluid feeder structure. ABD-39 was collared 75 metres north of ABD-06 (1.02 g/t gold over 17.0 metres, including 1.42 g/t gold over 10.0 metres) to test the interpreted extension of the Korosesuk lode. ABD-39 intersected the projected multiphase jasperiod alteration and returned expected results of 2.11 g/t gold over 7.0 metres, including 3.25 g/t gold over 4.0 metres. Resource stage exploration drilling remains focused along the 3 x 1.5 kilometre Abong Corridor, where epithermal gold mineralization is controlled by late-stage open space infilling within an extensive flat-lying, outcropping / sub-cropping jasperoid "blanket". The mineralized jasperoid has been outlined for greater than 1,500 metres strike and up to 750 metres width, and is typically 10 to 15 metres thick. It remains open along the northwest-southeast strike direction, and across strike in the southwest-northeast direction (view map at www.EAminerals.com). Continuing surface work has outlined the potential for an additional 1,500 metres strike. Binebase-Bawone Prospect New Binebase drill assays (for a complete assay listing refer to www.EAminerals.com): Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) Gold Equiv. (g/t)* BID-19* 0.00 48.60 48.60 0.32 5.54 0.42 And 154.00 199.00 45.00 0.29 2.71 0.34 BID-20* 0.00 24.40 24.40 0.41 0.99 0.43 Including 0.00 4.50 4.50 0.67 0.69 0.68 BID-21* 0.00 53.25 53.25 0.58 22.71 0.99 Including 0.00 17.00 17.00 1.15 24.35 1.59 And 65.50 83.50 18.00 0.36 12.79 0.59 Including 65.50 70.00 4.50 0.91 8.33 1.06 BID-22 0.00 87.05 87.05 0.36 13.30 0.60 BID-23 0.00 4.00 4.00 0.38 2.00 0.42 And 8.00 26.00 18.00 1.46 9.56 1.63 And 29.60 57.50 27.90 0.67 6.48 0.79 Including 45.55 51.50 5.95 1.15 8.83 1.31 The gold equivalent uses a silver to gold ratio of 56:1 based on precious metal market prices, and assuming total recoveries of both metals. * BID-19, BID-20 and BID-21 under report the composite grades due to 6.05, 1.45 and 0.9 metres respectively of lost core being assigned a zero value. BID-19 and BID-20 were collared on Binebase Hill, 150 metres east-southeast of BID-16 which intersected 29.90 metres at 2.72 g/t gold in oxides commencing at surface. BID-19 intersected 46.35 metres of friable and broken oxidized silica-clay-limonite rock. BID-20 intersected 48.9 metres of similar material. The best intersections were from the oxide zone and it is interpreted that the gold may be partially leached and remobilized to the flanks such as at BID-16 which is topographically lower than both BID-19 and BID-20. Core recovery was irregular in the oxide zone and the grade is under reported. The holes drilled 227.25 metres and 185.75 metres, respectively, of strongly variable silica-clay-alunite-pyrite +/- quartz-barite-base metals veinlets in altered host rock. BID-21 was collared between holes BID-15 and BID-18 to test for the continuation of greater than 1g/t gold in core from BID-15 that was not intersected in BID-18. The hole intersected oxidized altered rock to 17.0 metres, returning plus 1g/t gold assays. Drilling continued to 194.1 metres in strongly variable silica-clay-alunite-pyrite +/- quartz-barite-base metals overprinting veinlets and altered rock. BID-22 was collared between the high grade BID-11/15 and BID-12/13/14 sections, with associated surface channel sampling in oxide material returning 113 metres at 0.86 g/t gold. This hole intersected variable silica-alunite-limonite-pyrite +/- clay with barite-quartz-base metal veinlets commencing at 48 metres downhole. The oxide zone occurred to 36.9 metres and contained the better gold grades. BID-23, collared 95 metres south of BID-16, intersected oxide gold mineralization to 45.5 metres depth in silica-clay-limonite-alunite alteration. The hole bottomed at 142.55 metres with irregular galena-sphalerite-quartz-barite veinlets from 78 metres, overprinting earlier variable silica-clay-alunite-pyrite alteration. This southern step-out extends the known mineralization from the central Binebase zone towards the south by 95 metres, and remains open. Drilling at Binebase is increasingly segregating surface oxide gold mineralization from the underlying primary gold-silver mineralization in the northern Binebase area.This series of Binebase holes drilled abundant oxide material interpreted to be the flanks of higher grade zones marked by drill holes BID-11/15/16 and BID-12/13/14. There is also leaching of gold (BID-19 and 20) and enrichment (BID-16). These flanks or distal zones to the higher grades are oxidized to depths of 17 to 46 metres downhole, or between 15 to 40 meters thick grading from 0.32 to 1.15 g/t gold in 95% plus cyanide leachable material. The oxide zone appears to be a surface blanket. Drilling will continue to test Binebase and Bawone, which remain open along strike and may be contiguous along the intervening 1.2 kilometres structural corridor (refer to the Company's website at www.EAminerals.com for a plan view of drilling). Reported Abong samples were assayed at Intertek Laboratories in Jakarta. Reported Sangihe samples were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. Michael Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of NI43-101 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 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 drilled to define NI43-101 compliant resources. The Company owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 55,645,372 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To receive or stop receiving EAS news via email, please email [email protected] and state your preference in the subject line. FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com, or contact: Michael Hawkins, President and CEO Vancouver T: +1-778-997-2183 E: [email protected] or Nick Kohlmann, Corporate Communications Toronto T: +1-416-792-8734 E: [email protected]

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