NR - Termination of agreement to sell SangiheTermination of East Asia's agreement to sell Sangihe Gold to Core Mining December 22, 2016 Symbol: EAS East Asia Minerals Corporation (the “Company”) announces that further to its news release of June 22, 2016, the Company has received notice of termination from Core Mining Pte. Ltd. (‘Core Mining”) of the conditional sale and purchase agreement between the Company and Core Mining dated June 16, 2016. Core Mining will therefore not be proceeding with the acquisition of 100% of the Company’s shares in Sangihe Gold Corporation. EAST ASIA MINERALS CORPORATION Per: “Edward Rochette” Edward Rochette, Director Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.