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News Releases - Tuesday, April 24, 2007
East Asia Minerals Announces Management Changes and Focus on
Uranium Assets
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For Immediate release, April 24, 2007 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, April 24, 2007 -- East Asia Minerals
Corporation (TSXV-EAS) announces changes to its management structure,
effective April 20, 2007. These management changes were implemented to
facilitate the Company's advancement through its next stage of growth
following an exceptionally strong and successful acquisition program in
2006.
Michael Hawkins, former Vice President of Exploration, has been
appointed President and Director of EAS. Mr. Hawkins has a strong and
diversified background in Asia, North America and Latin America. Prior
to joining East Asia Minerals in 2005, he held senior positions as
Mongolia Country Manager for AngloGold Ashanti and Chief Geologist for
Highlands Pacific where he focused on Indonesia and Papua New Guinea.
Mr. Hawkins has a strong network of contacts throughout the
Asia-Pacific region, and has led the acquisition of EAS's valuable
portfolio of uranium assets in Mongolia and gold-copper assets in
Indonesia.
Lyndon Bradish, East Asia's former President, CEO and Director, has
stepped down from those positions. The Company is extremely
appreciative of Mr. Bradish's many and diverse contributions to the
Company and its success. Mr. Bradish, having re-located to Hong Kong
from executive positions with Noranda Inc. (Xstrata Plc.) and
Philippine gold miner Lepanto Consolidated Mining Company, was the
primary founder of the private company East Asia Minerals Limited.
Following several acquisitions and discovery of significant high grade
copper at the Khok Adar project in Mongolia, East Asia Minerals
Corporation was listed on the TSX Venture Exchange in 2005. Mr.
Bradish may continue to contribute to the Company's growth as an
Asia-based consultant.
Darren Pylot, current Chairman of the EAS Board, has agreed to serve as
Interim CEO of the Company. Jason Howe, CFO of Capstone Mining
Corporation, has been appointed EAS Corporate Secretary.
The Company also announces that advancing its Mongolian uranium assets
will be a primary focus during its next stage of growth. Due to
management's nimble, opportunistic approach, five initial uranium
properties (Enger, Bayan Uul, Airag-1, Ikh Khet and Elgenii) were
acquired in late 2005 and early 2006. With the addition of Ooshiin
Govi in late 2006, the uranium portfolio is clearly a core asset that
will be explored. Exploration will also proceed on the advanced gold
and gold-copper assets in Indonesia where the Company recognizes the
potential for several multi-million ounce opportunities. In Indonesia,
field programs are ongoing and drilling is planned in the coming
months.
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% interest in the
Sangihe gold project, a 75% interest in the Takengon gold project, and
is finalizing agreements for additional advanced gold and gold-copper
projects. East Asia currently has 42,863,868 shares outstanding. Its
shares are listed for trading on the TSX Venture Exchange under the
symbol "EAS".
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FOR FURTHER INFORMATION, visit the Company's website at
www.EAminerals.com, or contact:
Michael Hawkins, President
T: +1-778-997-2183 (Vancouver)
E: Hawkins@EAminerals.com
or
Nick Kohlmann, Corporate Communications
T: +1-416-792-8734 (Toronto)
E: Kohlmann@EAminerals.com
To receive or stop receiving EAS news via email, please email
Info@EAminerals.com 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.
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Copyright (c) 2007 EAST ASIA MINERALS CORPORATION (EAM) All rights
reserved. For more information visit our website at
http://www.eaminerals.com/ or send mailto:info@eaminerals.com
Message sent on Tue Apr 24, 2007 at 6:02:48 AM Pacific Time
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