East Asia Minerals Corporation Advised of Lawsuit Withdrawal by 24hgold

Re: News Release - Thursday, August 02, 2012
Title: East Asia Minerals Advised of Lawsuit Withdrawal

Vancouver, British Columbia -- Aug 2, 2012: East Asia Minerals Corporation (TSXV:EAS) ("EAS" or the "Company") is pleased to announce that it has received notice from the Panel of Judges that the civil case claim filed by PT Atlas Mineral Exploration against the Company in the Central Jakarta District Court in December 2011 (news release dated December 9, 2011) has been revoked by the plaintiff. Accordingly, this claim has now been officially withdrawn.

About East Asia Minerals Corporation

East Asia Minerals (EAS-TSXV) 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 three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns nine uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com

On Behalf of East Asia Minerals Corporation:

"Edward Rochette"

Edward Rochette
Chairman & CEO

For further information, contact:

Mike McAllister
Manager, Investor Relations
Phone: +1 416-309-2134
Email: Info@EAminerals.com

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Cautionary Statements

Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. When used in this News Release, such statements use words such as "may", "will", "expect", "intend", "anticipate" and other similar terms. Forward looking statements involve significant risks and uncertainties and should not be read as guarantees of future or performance results. Accordingly, readers should not place undue reliance on any forward looking statement. Forward looking statements are based on assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made. The Company believes that the assumptions and expectations reflected in such forward looking statements are reasonable. Assumptions have been made regarding, among other things, the Company's future exploration and development activities; timely receipt of third party or regulatory approvals; and the Company's ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used and that these factors and assumptions may be incomplete or incorrect. Forward looking statements are also subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward looking information. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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