East Asia Minerals Corporation (TSX VENTURE:EAS) ("East Asia Minerals" or "the
Company") today provides update on Indonesia's Ministry of Forestry which is
close to accepting a proposal to open 1.2 million hectares of forest in Aceh
province for mining, logging, and palm oil production.


"We are very pleased with the recent news from the Indonesian Government. These
new developments are good progress and positive news for mineral extraction in
the area. This will help us realize the full value of our Miwah gold project in
Aceh with a NI 43-101 compliant resource of 3.1 million ounces of gold." said
Edward Rochette, CEO of East Asia Minerals. 


Tgk. Anwar, the chairman of the Aceh Government's Spatial Planning Committee,
claimed that the Ministry of Forestry has accepted "almost 100 percent" of the
province's new spatial plan, which would zone large blocks of previously
protected forest for mineral extraction, timber concessions, and oil palm
plantations. Aceh has the most forest cover of any province in Sumatra, which
lost 36 percent of its forests in the past 20 years. The new spatial plan would
grant nearly one million hectares of land for mining, 416,086 for logging, and
256,250 hectares for palm oil. The plan would also approve an extensive new
network of roads that would run through protected forests. 


The company is working closely with government officials in the country and have
company representatives on the ground in Aceh to obtain reclassification of the
forestry zone from "protected forest" to "production forest." East Asia Minerals
has implemented a new Corporate Social Responsibility program and hired
ex-government officials to help them with these efforts. Extensions on Miwah IUP
mining business licenses are in place until November 30, 2014. The company is
undergoing a valuation study to define its current status and options on
reclassification. The nature of the ore body and the limited scope of the
valuation study preclude this assessment. Once forestry designation has been
reclassified, the company will be granted the ability to continue the drilling
program with the goal of expanding the resource at Miwah. While waiting for
reclassification, the company will be able to assess mineralization and prepare
East Asia Minerals to conduct a feasibility study. Miwah is not currently
included in this reclassification. The length of this process is primarily due
to dealing with a coalition of environmental groups, and NGOs.


About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with
gold and copper exploration properties in Indonesia. The Company has a 70 to 85
percent interest in three advanced gold and gold-copper properties located in
Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The company's Miwah
project in Aceh Province has an NI 43-101 compliant inferred resource of 3.14
million ounces of gold and 8.95 million ounces of silver. This is based on an
estimated 103.9 million tonne resource averaging 0.94 grams per tonne of gold
and 2.68 grams per tonne of silver using 0.20 grams per tonne gold cut-off. East
Asia Minerals' shares are listed for trading on the TSX Venture Exchange under
the symbol "EAS". 


Frank Rocca, AusIMM, Vice President Exploration of the Company, and a qualified
person under National Instrument 43-101, has reviewed and approved the
scientific and technical information in this press release.


For further information, visit the Company's website at www.eamineral.com.

East Asia Minerals Corporation 

Edward Rochette, Chairman & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
TMX Equicom
Craig MacPhail
416-815-0700, ext. 290
cmacphail@tmxequicom.com

East Asia Minerals (TSXV:EAS)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more East Asia Minerals Charts.
East Asia Minerals (TSXV:EAS)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more East Asia Minerals Charts.