88 CAPITAL CORP V.EEC

Back on track

[hereiam]

A new CFO and not the least. China gvt approval/permitting soon. End of summertime ... August 08, 2007 East Energy Appoints Vice-President, Finance and Chief Financial Officer -------------------------------------------------------------------------------- Vancouver, BC - East Energy Corp. (the "Company" or "East Energy") is pleased to announce the appointment of Garnet L. Clark as Vice-President, Finance and Chief Financial Officer (CFO) of the Company, subject to TSX Venture Exchange approval. Mr. Clark is a senior executive with two decades of national and international experience in the resource sector. He served for two decades with Sherritt International Corp., during which time he filled a number of senior positions, including 11 years as the CFO of the company's metals, oil/gas and coal businesses. Mr. Clark is also former Vice-President, Finance and Chief Financial Officer of Luscar, Canada's largest coal company. At Luscar from 2003 to 2006, Mr. Clark helped the company achieve its status as one of the safest and most efficient coal miners in the world, while at the same time generating an overall improvement in cash flow. "We are very fortunate to have attracted a finance professional of Garnet's caliber," said Howard Ratti, President and CEO of East Energy. "Garnet's expertise will add great value to the Company as we work to develop and grow our coal property portfolio in China and internationally." The Company has granted a total of 300,000 stock options to officers pursuant to the Company's stock option plan and subject to regulatory approval. These options will all have an exercise price of $0.66 per share and expire on August 7, 2012. The securities represented by this grant will be subject to a four-month hold period. About East Energy East Energy Corp. is a Canadian junior mining Company engaged in the acquisition and development of coal properties in China and North America. Additional information is available on the East Energy web site at www.eastenergy.com. East Energy trades on the TSX Venture Exchange under the symbol EEC. ON BEHALF OF THE BOARD: "Howard Ratti" Howard Ratti President and CEO FURTHER INFORMATION: Investor Relations [phone] [e-mail]