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Re: News Releases - Wednesday, October 10, 2007
East Asia Minerals Declares CAD$1.30 per share Cash Dividend
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For Immediate release, October 10, 2007 TSXV: EAS

VANCOUVER, B.C. -- Wednesday, October 10, 2007 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to announce that it will provide a
cash payment of CAD$1.30 per share to registered shareholders of East
Asia as of the record date of October 19, 2007. Funds for this cash
distribution are provided by the recent amalgamation of East Asia and
East Asia Minerals Corporation (Ontario), and the resulting proceeds
received through the sale of the Ooshiin Govi uranium property to
Compagnie Fran�aise de Mines et Metaux ("CFMM"), a subsidiary of Areva
NC, for a cash payment of CAD$83 million. This transaction was
approved by the shareholders of East Asia and the TSX-Venture Exchange,
and facilitated through the sale of its wholly owned Mongolia
subsidiary, EAM Energy LLC ("EAME"). The transaction included the
Bayan Uul, Elgenii, Ikh Khet and Airag-1 uranium tenements. Details of
the properties can be found on the East Asia web site at
www.EAminerals.com and in previous news releases.

"We are pleased to be able to return such value to our shareholders so
early in the life of the Company" commented Michael Hawkins, East Asia
Minerals' President. "The transaction with Areva provides an immediate
return of outstanding value to the 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 retained the most advanced of its uranium portfolio. In addition
to the Mongolian uranium assets, we are also extremely encouraged with
the strength of the Company's Indonesian copper-gold assets. At the
Sangihe gold project we are expecting the first round of assays in the
coming weeks and thus far have encountered very promising alteration
and mineralization in all three holes completed to date."

The final calculated cash distribution has been subject to net
corporate tax considerations, transaction costs, and the Board of
Directors' determination of the Company's future capital requirements.
The date of the cash distribution payout to registered and beneficial
shareholders has been set for October 29, 2007. Beneficial shareholders
having shares held through brokerage houses shall receive their cash
distributions shortly thereafter. Un-exercised warrants and options
are not eligible for the cash distribution.

The Company is relying on proposed amendments to Canadian income tax
laws to distribute a minimum of 47% of the total cash distribution to
shareholders as a tax free return of capital. In addition, the
residual per share distribution (CAD$1.30 less the return of capital)
will be a taxable dividend and designated as an "eligible dividend" for
Canadian tax purposes by the Company. In the event that the proposed
amendments to Canadian income tax laws are not enacted, it is expected
that 100% of the cash distribution will be designated as an "eligible
dividend" for Canadian tax purposes by the Company, as previously
disclosed. This tax free return of capital is also subject to
shareholder approval, which shall be voted on at a special meeting to
be held October 18, 2007.

T5 statements will be issued to Canadian recipients and NR4 statements
to United States recipients indicating the taxable portion of the
dividend received for the 2007 tax year. For further information
please review the Company's Information Circular posted on SEDAR.
Individuals should obtain their own independent tax advice to determine
their particular tax implications for this transaction.

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 three uranium properties, Ingiin-Nars, Ulaan Nuur and
Enger, 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 48,047,832 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.

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.


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

Michael Hawkins, President
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 Wed Oct 10, 2007 at 5:28:20 AM Pacific Time
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