Mr. Terry Filbert reports

EAST ASIA COMMENCES DRILLING AND GEOTECHNICAL SURVEY, PROVIDES UPDATE ON FEASIBILITY STUDY, ENVIRONMENTAL REPORT FOR INDONESIAN GOLD PROPERTY

East Asia Minerals Corp. has provided an update on current exploration activities relating to the continuing Indonesian feasibility study (IFS), Amdal environmental report status, and geotechnical and metallurgical work being conducted at its Sangihe gold property in Indonesia.

The company's focus is on completing Indonesian feasibility study (IFS) and Amdal environmental reports as once they are submitted and accepted by the Indonesian Mining Department (MEMR), construction of the mining facilities and infrastructure can begin at the Sangihe project. The company anticipates gold processing and production to begin by mid-2018. The Indonesian feasibility study is not a feasibility study as defined by CIM (Canadian Institute of Mining, Metallurgy and Petroleum) as required by National Instrument 43-101. The company cautions readers that any production decision made by the company will probably not be based on an NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability, and as such, there may be involved increased uncertainty and various technological and economic risks.

The IFS, which is being conducted by Resindo Resources and Energy, an Indonesian consulting firm, is well under way and composed of several elements.

Drilling of new geotechnical core samples commenced on Sept. 25, 2017, as part of the required components for the Indonesian feasibility study (IFS) to provide the most up-to-date and accurate core sample for pit wall design.

Hydrogeological surveying is under way and is designed to help locate and identify the water table level in the pit design and best water sources needed for coming drilling, heap leaching and ultimately gold production. The company anticipates completion of surveying by the end of October, 2017.

Metallurgical surveying has been undertaken to identity the most suitable heap-leaching locations. Drilling of the metallurgical holes will provide the samples required for all of the metallurgical testwork required for the IFS commenced on Oct. 5 and is anticipated to be completed by mid-October, 2017.

The entire Sangihe exploration camp and crew quarters have been completely renovated and are now fully operational.

Town hall meetings are being conducted with the environmentalist team and local villagers in conjunction with the Amdal environmental report. The baseline study is expected to be completed by November, 2017, and the Amdal environmental report by December, 2017.

The company has expanded local administration, accounting staff and logistical systems in anticipation of developing the Sangihe project from the feasibility stage into full production, slated for mid-2018.

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 266,000 ounces of gold. The company's 70-per-cent interest in the Sangihe-mineral-tenement contract of work (CoW) 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 CoW agreement is for 30 years upon commencement of the production phase of the project.

We seek Safe Harbor.