Stock Option Grants

Suite 999 – 900 West Hastings Street Vancouver, B.C. V6C 2W2

NEWS RELEASE

STOCK OPTION GRANTS

December 21, 2010 TSXV Symbol: EAS

East Asia Minerals Corporation (the “Company”) wishes to announce that it has entered into a stock option agreement granting the right and option to purchase 200,000 common shares of the Company at $7.74 per share exercisable in whole or in part on or before five years from December 21, 2010.

EAST ASIA MINERALS CORPORATION

Per: “Michael A. Hawkins”

Michael A. Hawkins, Director

Contact Information:

Michael Hawkins, President and CEO Vancouver T: (604) 684-2183 E: [email protected]

Nick Kohlmann, Corporate Communications Toronto T: (416) 792-8734 E: [email protected]

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.