Re: News Releases - Tuesday, December 15, 2009
East Asia Minerals: Moon River Significantly Expands Potential
Size of Miwah
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For Immediate Release, December 15, 2009 TSXV: EAS

VANCOUVER, B.C. -- Tuesday, December 15, 2009 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that as part of its
continuing exploration of the Miwah Gold Zones it has identified new
gold mineralized samples from the Moon River area, more than 300 metres
north of EMD008/011 (EMD008 encountered 2.11 g/t gold over 100 metres,
including 4.81 g/t gold over 30 metres). The Moon River area expands
the width potential of the Miwah Main Zone from 300 metres to more than
600 metres, and it remains open to the north.

Work at the Moon River area has discovered new and important gold
mineralization based on increased geological understanding. The
Company predicted that if it extended further to the north than
previously thought, the gently north dipping Miwah Main Zone would
re-outcrop in the Moon River area. Rock sawn channel samples in this
area have returned significant gold values (up to 1.78 g/t gold) over
significant widths. Combined with the similarity of host rock and
alteration to the Main Miwah Gold Zone, it is believed that the Moon
River area represents potential to greatly expand the northern
continuity of the gold mineralization.

"The discovery of alteration and gold mineralization at Moon River has
taken on further significance when it is viewed in context with
re-processed geophysical data", explained Michael Hawkins, President
and CEO of East Asia Minerals Corporation. "The Moon River alteration
and mineralization is part of a package of altered and mineralized rock
that has distinctive chargeability, resistivity and magnetic
signatures. This we note extends all the way from the Miwah Main Zone
to Sipopok, approximately 1.5 kilometres to the north, and although we
are in the early stages of the exploration of the extensions of Miwah
Main Zone, we are greatly encouraged by the way all the pieces are
fitting together."

With a second rig on its way to Miwah, East Asia Minerals Corporation
is already contemplating the addition of a third rig, so that the
potential extensions of the Miwah Gold Zone at Moon River and Sipopok
can be tested early in 2010.

(Refer to geophysical maps on Company's website at www.EAminerals.com).

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 properly oriented drill holes.

Based on the Company's work Miwah is resolving into two components; a
large 1,200 metre long, at least 300 to 400 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. 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).

Samples reported were assayed at Intertek assay laboratories in
Jakarta. 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 67,176,622 shares outstanding. Its shares are listed for
trading on the TSX Venture Exchange under the symbol "EAS".