Vancouver, British Columbia--(Newsfile Corp. - February 2, 2018) - East Asia Minerals Corporation (TSXV: EAS) (East Asia
Minerals or the "Company") announces a private placement raising $2,000,000 through an offering of
33,333,333 units (the "Units") at $0.06 per Unit (the "Offering") where each Unit consists of one common share in the
capital of the Company (a "Share") and one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the
holder to purchase one additional common share in the capital of the Company (a "Warrant Share") at a price of $0.12 per
Warrant Share for a period of 2 years from the closing of the Offering.
The Company may pay eligible finders a finder's fee of cash, warrants or a combination of both.
The net proceeds of the Offering after payment of commissions will be used by the Company to pay expenses related to the
exploration and development of the Company's properties in Indonesia, settle payables and for working capital. Specifically, the
exploration and development expenses will fund the development of Sangihe Project and other business developments.
"We are very pleased to announce this financing which to advance the development of the Sangihe project, including but not
limited to the construction of the future heap leach pads and the processing plant" said Terry Filbert, CEO of East Asia Minerals
Corp. "We look forward to updating shareholders as we progress."
For further information, contact Mark Sommer at 1-604-684-2183, info@eastasiaminerals.com or visit the Company's website at
www.eastasiaminerals.com
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.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within
the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements
or information concerning future work programs, results and timing of any work programs, the Company's performance or events
as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject
to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results,
performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks
include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future
exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation;
failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting
and licensing risks; general market and mining exploration risks and production and economic risks related to design and
engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable
at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as
investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to
seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on
any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or
revise any forward looking statements to reflect events or changes in circumstances that occur after the date
hereof.
