Announces Share Consolidation

ANNOUNCES SHARE CONSOLIDATION

Vancouver, British Columbia – March 16, 2017, - East Asia Minerals Corporation

TSX.V:EAS (“East Asia” or the " Corporation") announces that effective March 17, 2017,

the Corporation will consolidate its common shares on the basis of one (1) post -consolidated

common share for every ten (10) pre -consolidation common shares held (the “Consolidation”).

The consolidated common shares of the Corporation will commence trading on the TSX Venture

Exchange on March 17, 2017.

The Consolidation was approved by the shareholders at the Corporation’s Special Meeting held

on March 6, 2017. As of date hereof, the Corporation has 262,679,439 common shares issued

and outstanding and the Corporation will have approximately 26,267,973 common shar es

issued and outstanding post-consolidation. The Corporation’s new CUSIP number is 270541303

and new ISIN number is CA2705413037.

A Letter of Transmittal with respect to the Consolidation will be mailed to the shareholders of the

Corporation.

All sharehol ders will be required to send their respective certificates representing the pre -

consolidated common shares along with a properly completed Letter of Transmittal to the

Corporation’s transfer agent, Computershare Investor Services Inc. (“Computershare”), in

Vancouver, British Columbia, all in accordance with the instructions provided in the Letter of

Transmittal. Additional copies of the Letter of Transmittal can be obtained through

Computershare (Shareholder Services 1 -800-564-6253 or by e -mail to

[email protected]). All shareholders who submit a duly completed Letter

of Transmittal along with their respective pre -consolidated common share certificate(s) to

Computershare, will receive a post-consolidated common share certificate.

This press release was prepared on behalf of the Board of Directors, which accepts full

responsibility for its content.

EAST ASIA MINERALS CORPORATION

“Terrence Filbert”______________

Terrence Filbert

Chief Executive Officer

FOR FURTHER INFORMATION, visit our website at www.eastasia minerals.com, or contact: T: +1 604 684-

2183 or 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.