Source: East Asia Minerals                             Date: 10 March, 2011

The Board of Directors of East Asia Minerals Corporation has approved the implementation of a series of value enhancing transactions that, subject to applicable regulatory and other

approvals, will result in eligible East Asia shareholders owning shares in four separate companies. East Asia Minerals has recently set up three new wholly owned subsidiaries to which it will transfer most of its non-Miwah assets.

These subsidiaries are Sangihe Gold Corporation, to focus on precious metals exploration in Indonesia; Barisan Gold Corporation, to become a gold-copper porphyry exploration company focused on Indonesia; and East Asia Energy Corporation, to become a Mongolian mining and energy company. This last will initially hold all of East Asia Minerals' Mongolian assets, which consist of early stage uranium and phosphate projects.

Upon completion of the proposed internal reorganization and subject to applicable regulatory approvals, East Asia Minerals intends to distribute, by way of dividend-in-kind to current eligible East Asia shareholders, all of the shares in Sangihe Gold, Barisan Gold and East Asia Energy held by East Asia Minerals.