East Asia Minerals Corporation - News Releases - East Asia Minerals Adds Ulaan Nuur To Airag Uranium Project in Mongolia




	2007 \| 2006 \| 2005

	May 03, 2007 East Asia Minerals Adds Ulaan Nuur To Airag Uranium Project in Mongolia
	For Immediate release, May 3, 2007 VANCOUVER, B.C. -- Thursday, May 3, 2007 -- East Asia Minerals Corporation (TSXV-EAS) announces it has signed an agreement to acquire the Ulaan Nuur uranium tenement in Mongolia. Under the terms of the agreement, EAS will acquire 100% of the 1,508 hectare tenement for a one time payment of USD 60,000. Ulaan Nuur hosts a partially defined, potentially significant deposit of stratiform sandstone hosted uranium mineralisation. The property is contiguous with the Company's Airag uranium project. A location map of the property is posted at www.EAminerals.com. Limited historical drilling was conducted at Ulaan Nuur during the Soviet era, resulting in the definition of at least nine shallow dipping, stratiform bodies of uranium mineralisation ranging in thickness from 0.1 to 3.5 metres and grading between 0.03 and 0.184% uranium. The mineralisation was traced for 600 to 800 metres along strike and up to 400 metres down dip, and was not closed off. The Soviets calculated a projected resource (P2 category) of 10,000 tonnes (22 million pounds) of contained uranium for the Ulaan Nuur deposit (L.D. Chirpov and G.G. Illin, 1973, Report No. 2410, "Report on the prospecting-estimation works in the eastern part of Mongolia"). The Soviet data indicates an average grade of 0.049% uranium, representing a deposit of approximately 20 million tonnes. The historic Ulaan Nuur data also provides EAS with evidence that the Project contains a potential ISL (in situ leach) environment. The data reports that the "lower productive horizon" is hosted entirely within uniformly shallow dipping and permeable sandstone, between an overlying clay horizon and an unconformably underlying conglomerate, which in turn overlies Proterozoic granite gneiss. Commenting on the acquisition of the Ulaan Nuur property, Michael Hawkins, President of East Asia Minerals said "We are very pleased to have brought this high potential property into our Mongolian uranium portfolio. Whilst there is some uncertainty as to the quoted historical resource, it is clear that the project contains potentially significant uranium mineralisation and we are looking forward to exploring the tenement in 2007. That we were able to, in a very competitive market, acquire such a quality project is testament to the capacity of the EAS management team at building shareholder value". East Asia Minerals acquired the original Airag-1 property, located 330 kilometres southeast of Ulaanbaatar near the Ulaanbaatar - Beijing rail line, in 2006. Historic Soviet drilling in the 1970s on this separate target intersected multiple uranium mineralized intervals in Cretaceous sandstones and volcanics. EAS geologists mapped 270 square kilometres at Airag-1 in 2006 and discovered evidence of undocumented Soviet-era underground development. This suggests that high grade uranium potential exists on the property as the Soviets rarely conducted underground development in Mongolia. EAS has not yet drilled the Airag-1 or Ulaan Nuur tenements. Michael Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release. EAS has not verified the classification of the historic resource reference and is not treating it as a NI 43-101 defined resource verified by a QP. Although this historical reference of resource potential is relevant to recognizing the potential of the Ulaan Nuur Property, it should not be relied upon. 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 six uranium properties, highlighted by the Ooshiin Govi tenements, 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 42,863,868 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS". To receive or stop receiving EAS news via email, please email [email protected] 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. -30- FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com, or contact: Michael Hawkins, President Vancouver T: +1-778-997-2183 E: [email protected] Nick Kohlmann, Corporate Communications Toronto T: +1-416-792-8734 E: [email protected]

	You can view the Next News Releases item: Tue Jul 3, 2007, East Asia Minerals Acquires Drilled Uranium Resource at Ingiin-Nars Uranium Deposit You can view the Previous News Releases item: Tue May 1, 2007, East Asia Minerals Acquires Tangse Porphyry Copper-Molybdenum and Barisan Copper Gold Projects in Indonesia You can return to the main News Releases page, or press the Back button on your browser.