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Re:   News Releases - Friday, April 30, 2010
      East Asia Minerals Finalizes Private Placement Terms
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For Immediate release, April 30, 2010                      TSXV: EAS

VANCOUVER, B.C. -- Friday, April 30, 2010 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to announce the terms of a
non-brokered financing.  The Company will raise up to $18.85 million
through the issuing of up to 2.5 million shares at $7.54 per share.
This non-brokered financing is for common shares only, with no warrants
attached, and no fees are being paid. The transaction is subject to TSX
Venture Exchange approval.

East Asia Minerals will use the proceeds of the offering for further
exploration of the Miwah Gold Project, advancement of its Indonesia
gold and gold-copper portfolio, and unallocated working capital.

"This offer by third parties for a non-brokered Private Placement into
East Asia Minerals is welcomed as the Company continues to advance the
impressive Miwah Gold Project in Indonesia" stated Michael Hawkins,
President and CEO of East Asia Minerals.  "With this important
investment into East Asia Minerals, we will be in the position to
accelerate our diamond drill program at Miwah and to commence drilling
other properties in our diversified and robust gold portfolio".

Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,100
metres of drilling in twelve holes by a previous explorer in 1997.  All
holes drilled during this program intersected significant alteration
and mineralization with intercepts including 71 metres of 1.4 g/t gold
and 58 metres of 1.1 g/t gold.  The previous explorer suggested
potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the
historical data indicates that early drilling was parallel to higher
grade (greater than 5 g/t gold) structures at surface.  Hence, in
addition to greater mineralized tonnage, significantly higher overall
grades are anticipated from better geological understanding, results of
the Company's detailed sampling, and from the ongoing drill program
which is based on increased geological understanding.  An example is
the intersection of 3.96 g/t gold over 111 metres, including 15.74 g/t
gold over 22 metres from East Asia's diamond drill hole EMD024.

Based on the Company's work Miwah is resolving into two components; a
large 1,200 metre long, at least 450 metre wide, approximately 200
metre thick tabular zone; and vertical diatreme breccia feeder zones
that are beneath and cut through this.  At Miwah Gold Zones, East Asia
has almost 2,500 metres of rock sawn channel samples which average 2.35
g/t gold.  Grade expectations in Main Miwah Gold Zone exceed 1.5 g/t
gold.  Ongoing sampling verified the Company's confidence that higher
overall gold grades can be achieved due to the presence of multiple
high grade rock sawn channel samples throughout the strike, including
4.11 g/t gold over 200 metres at the eastern part of the Main Miwah
Gold Zone, and 4.35 g/t gold over 27 metres at the western part.
Recent drilling has supported this.

Miwah Main Zone remains open in all directions with the Moon River area
expanding the north-south potential to more than 600 metres, whilst
remaining open further to the north towards Sipopok.  Drilling has
extended the Miwah Main Zone towards a similar northing as Moon River.
Sampling west of the Miwah Main Zone in the Signal area has potentially
expanded the east-west width another 600 metres and remains open.

In addition to the tabular zone the Company has begun to characterize
some of the diatreme breccia feeder zones, with rock sawn channel
samples including 83.59 g/t gold over 24 metres and 20.14 g/t gold over
12 metres.  Recent drilling has supported this.  These feeder zones
have great potential to develop into substantial tonnages of higher
grade gold mineralization in an area adjacent to the Main Miwah Gold
Zone.

The Miwah Property is in a very similar volcanic setting to the Martabe
gold-silver deposit, also located in North Sumatra (Purnama and Baskara
resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces
gold) and 15 g/t silver (60 million ounces silver), and the alteration
system is of a comparable size. Miwah also exhibits a likeness to the
size, style and geometry of the alteration system developed at the
Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t
silver, giving a total 6.49 million ounces gold and 47.9 million ounces
silver).

Lionel Martin, P.Geo., the designated QP within the meaning of NI
43-101, has reviewed and approves the content of this release.  East
Asia has not verified the classification of the resource references and
is not treating them as NI 43-101 defined resources verified by a QP.
Although the references of resources are relevant to recognizing the
potential of the Miwah project, they should not be relied upon.

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 six advanced gold and
gold-copper properties located in Aceh Province, Sumatra, and Sangihe
Island, North Sulawesi.  Two of these, the Sangihe (Binebase-Bawone)
and Barisan 1 (Abong) gold projects, are being advanced to define
NI43-101 compliant resources.  The Company owns eight uranium
properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, and two phosphate properties in Mongolia.  East Asia
currently has 71,455,372 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 British Columbia Securities Act,
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.

This news release is not for dissemination in the United States or for
release to U.S. newswire services.  This news release does not
constitute an offer to sell or a solicitation of an offer to sell any
securities in the United States.  The securities have not been and will
not be registered under the United States Securities Act of 1933, as
amended (the U.S. Securities Act) or any state securities laws and may
not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

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.
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: +1-604-684-2183  E:
Hawkins@EAminerals.com
Nick Kohlmann, Corporate Communications  Toronto  T: +1-416-792-8734
E: Kohlmann@EAminerals.com

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Copyright (c) 2010 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 Mon May 3, 2010 at 5:30:37 AM Pacific Time
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