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Re: Tuesday, October 16, 2007
October 2007 President's Message to Shareholders
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October, 2007
Dear Shareholders,
It is now just over 6 months since I last wrote to you. During that
time East Asia Minerals Corporation has continued to position itself
exceptionally well for strong and continued growth.
Your dedicated Management Team, with the support of the Board of
Directors, was delighted to recently announce payment of a dividend of
$1.30 per common share to our shareholders. This dividend follows the
$83 million cash sale of some of the Company's Mongolian uranium
properties to a subsidiary of the French nuclear giant Areva. This
deal was, at the time of its completion, the largest ever cash sale for
exploration stage properties to be concluded on the Toronto Stock
Exchange. The majority of the sale properties were acquired less than
12 months ago and your Company had expended less than $2 million on
their acquisition and exploration. We are obviously very pleased to be
able to return such significant value to our shareholders so early in
the life of the Company. The transaction provides both an immediate
return of tangible value to our shareholders and the capital required
to continue the Company's aggressive exploration, acquisition and
growth strategy.
The Mongolian transaction was unique in that East Asia Minerals
retained the most advanced projects of its uranium portfolio, including
the Ingiin Nars and Ulaan Nuur properties that contain non-43-101
compliant, Soviet era prognostic resources of approximately 25 million
pounds of uranium in an environment potentially amenable to in situ
leach (ISL) extraction. That these prime uranium assets were acquired
in a very tight and competitive market for minimal outlay (see May 3
and July 3, 2007 news releases) is a further example of the strength
and unique ability that the management team brings to the Company. We
view the exploration potential of these projects highly and are
currently drilling to confirm their potential. Whilst we are yet to
receive assay results, indications from the field crew, supported by
down-hole geophysical data, are that our results will generally
demonstrate the veracity of the Soviet era data.
To create further value for our shareholders we continue to
aggressively target additional uranium assets for acquisition in
Mongolia.
In addition to the Mongolian uranium assets, we are extremely
encouraged with the strength of the Company's Indonesian assets. As
many of you who follow our press releases will no doubt be aware, we
are having considerable success with the exploration of our strong
portfolio of porphyry and epithermal copper-gold projects in Indonesia.
In many of the projects our work is successfully increasing the width
and tenor of previously identified (historic) potentially economic
mineralization.
At the Bawone gold project on Sangihe Island we have delivered the
first round of assays and these are a tremendous validation of the
economic potential of that project. Our drill intercepts at Bawone
include 95 metres at 2.15g/t Au (with 50 metres at 3.32g/t Au) and 125
metres at 1.67g/t Au (with 44 metres of 2.29g/t Au), and mean that we
have a true width of mineralisation of approximately 80 metres on this
section. In view of our early exploration success at Bawone, we are
accelerating our program on this project and are hopeful that we will
soon be able to commence drill definition of 43-101 resources for this
and the nearby Binebase project. Due diligence on this project area
in the mid 1990's by a major mining company found potential for
approximately 2 million ounces of open pit extractable gold. East Asia
Minerals is very excited about proving this potential.
We will commence drilling in November of this year in Aceh where we now
control a significant land package. Our several advanced projects,
previously explored by senior and mid-tier mining companies, contain
partially drilled porphyry and epithermal copper-gold targets with
multi-million ounce gold potential, as well as a large partially
drilled porphyry copper-molybdenum deposit.
In both Indonesia and Mongolia, your Management Team continues to work
hard and pro-actively in its dealing with the various levels of
bureaucracy and Government. We continue to receive strong support from
Governments, Statutory Organisations and other stakeholders in the
jurisdictions within which we work.
I believe therefore that there is much for the Company to be proud of.
Over the past 6 months East Asia Minerals Corporation has made good
progress toward our goal of becoming a premier, Asian-based, mineral
exploration and development Company. I am grateful to all of our team
for their contributions and for the shareholder support we have
received.
East Asia Minerals Corporation remains committed to growth through
well-conceived and well-executed exploration programs and acquisition
strategies. The progress we have made is just the beginning. We are
now well placed to enter an exciting next stage of Company growth. I
hope that our shareholders see the value in the Company's assets and
management, and that they stay with us, post dividend, to share with us
further significant rewards.
I look forward to reporting to you on a regular basis, and encourage
you to watch our web site as we continue to deliver results from our
uranium, copper and gold projects.
Michael Hawkins
President, CEO and Director
October, 2007

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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 16, 2007 at 10:27:00 AM Pacific Time
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