East Asia Minerals Corporation enters into definitive sale agreement of 100% Equity Interest in Sangihe Gold Corporation (which holds an interest in the Sangihe Gold project in Indonesia)

April 18, 2016

East Asia Minerals Corporation (the “Company”) announces that further to its news release dated January 5, 2016, the Company has entered into a share purchase agreement dated April 14, 2016 regarding its disposition of 100% of the Company’s equity interest in Sangihe Gold Corporation (“SGC Shares”) to Filbert Gold Holding Limited (“Filbert Gold”), a corporation based in Hong Kong for the aggregate purchase price of US$2,400,000 (the “Purchase Price”) (the “Agreement”). The SGC Shares represent the Company’s 70% interest in an Indonesian company, PT Tambang Mas Sangihe which holds the Company’s interest in the Sangihe project located in North Sulawesi, Indonesia (the “Project”)

Pursuant to the terms of the Agreement, the Purchase Price comprises of a series of payments to be paid to the Company. As at the date herein, the Company has received US$24,000 from Shellbridge Group Limited (“Shellbridge”) (an affiliate company of Filbert Gold) as partial payment of the Purchase Price pursuant the terms of a memorandum of understanding between the Company and Shellbridge dated December 23, 2015. The Agreement stipulates that US$376,000 of the Purchase Price shall be paid to the Company upon the satisfaction of various conditions pursuant to the Agreement; and the remaining US$2,000,000 of the Purchase Price shall be paid on a biannual basis once the production of the Project has commenced.

EAST ASIA MINERALS CORPORATION

Per: “Edward Rochette”

Edward Rochette, CEO and 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.