Mr. Terry Filbert reports

EAST ASIA CEO SELLS SHARES TO FACILITATE OBTAINING THE PRODUCTION LICENCE

In order to maintain the momentum on completing the Sangihe production licence approval, East Asia Minerals Corp.'s chief executive officer, Terry Filbert, has recently elected to sell shares and loan the net proceeds to the company in order to pay expenses that are necessary in the final stages of the production licence approval for the Sangihe project.

Sangihe project

The Sangihe gold-copper project is located on the island of Sangihe off the northern coast of Sulawesi, and has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold. The company's 70-per-cent interest in the Sangihe mineral tenement contract of work is held through PT Tambang Mas Sangihe (PTTMS). The remaining 30-per-cent interest in PTTMS is held by three unaffiliated Indonesian corporations. The term of the Sangihe contract of work agreement is for 30 years upon commencement of the production phase of the project.

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