VANCOUVER, April 24 /CNW/ - East Asia Minerals Corporation (TSXV-EAS)
announces changes to its management structure, effective April 20, 2007. These
management changes were implemented to facilitate the Company's advancement
through its next stage of growth following an exceptionally strong and
successful acquisition program in 2006.
Michael Hawkins, former Vice President of Exploration, has been appointed
President and Director of EAS. Mr. Hawkins has a strong and diversified
background in Asia, North America and Latin America. Prior to joining East
Asia Minerals in 2005, he held senior positions as Mongolia Country Manager
for AngloGold Ashanti and Chief Geologist for Highlands Pacific where he
focused on Indonesia and Papua New Guinea. Mr. Hawkins has a strong network of
contacts throughout the Asia-Pacific region, and has led the acquisition of
EAS's valuable portfolio of uranium assets in Mongolia and gold-copper assets
Lyndon Bradish, East Asia's former President, CEO and Director, has
stepped down from those positions. The Company is extremely appreciative of
Mr. Bradish's many and diverse contributions to the Company and its success.
Mr. Bradish, having re-located to Hong Kong from executive positions with
Noranda Inc. (Xstrata Plc.) and Philippine gold miner Lepanto Consolidated
Mining Company, was the primary founder of the private company East Asia
Minerals Limited. Following several acquisitions and discovery of significant
high grade copper at the Khok Adar project in Mongolia, East Asia Minerals
Corporation was listed on the TSX Venture Exchange in 2005. Mr. Bradish may
continue to contribute to the Company's growth as an Asia-based consultant.
Darren Pylot, current Chairman of the EAS Board, has agreed to serve as
Interim CEO of the Company. Jason Howe, CFO of Capstone Mining Corporation,
has been appointed EAS Corporate Secretary.
The Company also announces that advancing its Mongolian uranium assets
will be a primary focus during its next stage of growth. Due to management's
nimble, opportunistic approach, five initial uranium properties (Enger, Bayan
Uul, Airag-1, Ikh Khet and Elgenii) were acquired in late 2005 and early 2006.
With the addition of Ooshiin Govi in late 2006, the uranium portfolio is
clearly a core asset that will be explored. Exploration will also proceed on
the advanced gold and gold-copper assets in Indonesia where the Company
recognizes the potential for several multi-million ounce opportunities. In
Indonesia, field programs are ongoing and drilling is planned in the coming
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 six uranium properties, highlighted by the Ooshiin Govi
tenements, and a 75% interest in the Khok Adar copper oxide discovery, in
Mongolia. In Indonesia, it has a 70% interest in the Sangihe gold project, a
75% interest in the Takengon gold project, and is finalizing agreements for
additional advanced gold and gold-copper projects. East Asia currently has
42,863,868 shares outstanding. Its shares are listed for trading on the TSX
Venture Exchange under the symbol "EAS".
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For further information:
For further information: visit the Company's website at
www.EAminerals.com, or contact: Michael Hawkins, President, T: (778) 997-2183
(Vancouver), E: Hawkins@EAminerals.com; Nick Kohlmann, Corporate
Communications, T: (416) 792-8734 (Toronto), E: Kohlmann@EAminerals.com