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Re: News Releases - Tuesday, October 23, 2007
East Asia Minerals Drills up to 0.2% U3O8 at Ulaan Nuur, Mongolia
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For Immediate release, October 23, 2007 TSXV: EAS

VANCOUVER, B.C. -- Tuesday, October 23, 2007 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to announce successful assay and down
hole radiometric results from its initial drill programs at the Ulaan
Nuur and Ingiin-Nars uranium properties in Mongolia. These initial
results validate the historic Soviet reporting of significant
in-situ-leach (ISL) amenable uranium mineralization at both properties.
At the Ulaan Nuur property, limited historical Soviet drilling reported
a projected resource (P2 category -- non 43-101 compliant) of 10,000
tonnes (22 million pounds) of contained uranium. The Soviet data
indicates an average grade of 0.049% uranium, for a 20 million tonnes
deposit (May 3 news release). At Ingiin-Nars, historic Soviet
exploration reported a P1 resource (non 43-101 compliant) of
approximately 2.2 million pounds of uranium. The Soviet data indicates
an average grade of 0.042% uranium, for a 2.4 million tonnes deposit
(July 3 news release). The mineralization remains open.

ULAAN NUUR - Four validation holes totalling 1,027 metres were drilled
at the Ulaan Nuur project. Three holes (UN001, 002 and 003) tested the
historic Soviet results across the mineralized trend, and the fourth
hole (UN004) tested along strike near drill hole UN-002. Based on
drilling expertise developed during the Ingiin-Nars program described
below, core recovery was excellent. In addition to the Company's
down-hole radiometric results validating the historic Soviet data, the
assay correlation was strong.

East Asia drilling encountered four tabular, lens-like mineralized
bodies, 150 to 300 metres wide, 50 to 100 metres long and from 0.1 to
7.65 metres thick, containing 0.017% to 0.205% uranium from assays
received to date. The mineralization remains open along strike and
down dip. These bodies occur within two dominant and moderately
sloping horizons, from approximately 30 to 170 metres and 210 to 270
metres depth. Uranium mineralization is associated with a steeply north
dipping fault zone, and is hosted in alluvial-lacustrine sediments and
breccia zones with organic detritus and pyrite disseminations (refer to
the Company's website at www.EAminerals.com for a plan and section of
drilling). As with the Soviet data, there is strong correlation between
drill holes along section.

Assays have been received for holes UN001 and UN002. Results for UN003
and UN004 are pending. These results are superior to the limited
amount of core recovered and assayed for the 15 drill holes completed
by East Asia at the Ooshiin Govi property. Highlights are as follows:

Drill Hole From (m) To (m) Interval (m) Uranium (%)
UN001 90.0 91.0 1.0 0.017
UN002 28.8 32.9 4.1 0.024
And 38.5 41.1 2.6 0.020
And 144.1 144.6 0.5 0.174
And 145.8 146.4 0.6 0.033
And 164.6 167.9 3.3 0.022
And 212.4 213.5 1.1 0.141
And 215.7 216.2 0.5 0.205

INGIIN-NARS - A total of 1,440 metres were drilled in four validation
holes at the Ingiin-Nars project. Two holes (IN001/1R, and IN002)
tested historic Soviet results along the south portion of the
Ingiin-Nars extension, and two holes (IN003 and 004) tested along the
north portion (refer to the Company's website at www.EAminerals.com for
a plan view of drilling). Geology and radiometrics in the East Asia
drill holes correlate well with the historic Soviet drill results.

At the commencement of the program the Company experienced drill core
recovery problems due to similar unconsolidated sand conditions at the
previously owned Ooshiin Govi property, which has been sold to CFMM (a
subsidiary of Areva NC) for CAD$83M. Unlike the Ooshiin Govi program,
the Company resolved recovery methods towards the end of the
Ingiin-Nars validation program, and the experience was applied to the
Ulaan Nuur program. These recovery problems are common to explorers in
unconsolidated sediment environments.

The Company's geological and down-hole radiometric results validated
the historic data, encountering the stratigraphy and radioactive
horizons reported in the Soviet drill logs. East Asia encountered
multiple mineralized intersections within three main horizontally lying
horizons, below 160 metres depth. The mineralization occurs in
sandstone and clay units, and fine to medium grained, unconsolidated
sand with organic detritus. Most of mineralization was washed out in
the drilling process.

In addition the Company reports that approximately 10 kilometres to the
north-northeast along the mineralized trend from the drilling area,
rock chip assays have confirmed the potential of a surface anomaly
detected by recent detailed radiometric mapping (August 1, 2007 news
release). The anomaly, roughly one by one kilometre, assayed up to
0.05% uranium from carnotite mineralized outcrop in an area not drill
tested. A second radiometric anomaly, roughly five by two kilometres,
is in the northwest area of the property at what is interpreted as the
contact between bedrock and Quaternary sediments. Follow-up is planned
during the next phase of exploration on the property.

"We continue to be extremely encouraged by our Mongolia uranium
assets", stated Michael Hawkins, President and CEO of EAS. "The sale of
the Ooshiin Govi exploration property to one of the world's leading
uranium companies for CAD$83 million, combined with drill validation of
our advanced uranium projects, continues to support the Company's
positive assessment of its exploration strategy. At Ulaan Nuur and
Ingiin-Nars our exploration models show veracity as ISL plays, similar
to those in Kazakhstan, a significant global ISL producer. Kazakhstan
has Soviet category C1 and better ISL reserves of 143 million pounds
U3O8 from ore grading 0.06% uranium with an average thickness of 6.76
metres at Inkai, and 127 million pounds U3O8 grading 0.035% uranium
with an average thickness of 7 metres at Mynkuduk. We also remain very
active in the search for and acquisition of additional quality assets
in Mongolia."

East Asia is also pleased to announce that drilling has begun at the
Enger uranium project where the Company's validation program in 2006
(June 26 and July 6, 2006 news releases) included 2.5 metres of 0.410%
U3O8, 2.5 metres of 0.232% U3O8, 1.0 metre of 0.086 U3O8, and 13.5
metres of 0.108% U3O8. The mineralization was not closed off.

Samples reported were assayed at ACTLABS in Ulaanbaatar, Mongolia.
Lionel Martin, P.Geo., the designated QP within the meaning of 43-101
has reviewed and approves the content of this release. East Asia has
not verified the classification of the historic and current resource
references and is not treating them as NI 43-101 defined resources
verified by a QP. Although these references of resources and resource
potential are relevant to recognizing the potential of the Ingiin-Nars
and Ulaan Nuur Properties, they 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 the Ingiin-Nars, Ulaan Nuur and Enger uranium
properties 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 52,413,832 shares
outstanding. Its shares are listed for trading on the TSX Venture
Exchange under the symbol "EAS".

Forward Looking Statements - This News Release contains forward looking
information within the meaning of the Ontario Securities Act and the
Alberta Securities Act, which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from
those reflected in the forward-looking statements, including, without
limitation, risks and uncertainties relating to the interpretation of
drill results and the estimation of mineral resources and reserves, the
geology, grade and continuity of mineral deposits, the possibility that
future exploration, development or mining results will not be
consistent with our expectations, metal recoveries, accidents,
equipment breakdowns, title matters and surface access, labour disputes
or other unanticipated difficulties with or interruptions in
production, the potential for delays in exploration or development
activities or the completion of new or updated feasibility studies, the
inherent uncertainty of production and cost estimates and the potential
for unexpected costs and expenses, commodity price fluctuations
(including uranium, fuel, steel and construction items), currency
fluctuations, failure to obtain adequate financing on a timely basis
and other risks and uncertainties. Should one or more of these risks
and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in
forward-looking statements. Accordingly, readers are advised not to
place undue reliance on forward-looking statements. The words
anticipate, believe, estimate and expect and similar expressions, as
they relate to us or our management, are intended to identify forward
looking statements relating to the business and affairs of the Company.
Except as required under applicable securities legislation, we
undertake no obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or
otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

To receive or stop receiving EAS news via email, please email
Info@EAminerals.com and state your preference in the subject line.

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

Michael Hawkins, President and CEO
Vancouver
T: +1-778-997-2183
E: Hawkins@EAminerals.com
or
Nick Kohlmann, Corporate Communications
Toronto
T: +1-416-792-8734
E: Kohlmann@EAminerals.com

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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 Oct 23, 2007 at 6:31:03 AM Pacific Time
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