East Asia Minerals Appoints Chief Financial Officer & Updates Amdal Progress
News Release
East Asia Minerals Corporation
Corporate Office:
T +1-604-684-2183 F +1-604-357-1987 w
ww.eastasiaminerals.com
July 31, 2020 Trading Symbol: “EAS: TSX.V | EAIAF:US”
EAST ASIA MINERALS APPOINTS CHIEF FINANCIAL OFFICER
& UPDATES AMDAL PROGRESS
East Asia Minerals Corporation (“EAMC” or “The Company”) is pleased to announce
the appointment of Karen Dyczkowski as Chief Financial Officer. Ms. Dyczkowski has
been with the Company , serving in various capacities , since 2008 and has served as
corporate controller and corporate secretary for EAMC since 20 11. She has extensive
corporate and financial knowledge given her length y experience with the Company
throughout the evolving stages of the market and corporate development.
Ms. Dyczkowski brings over 30 years of financial management, accounting and public
company financial reporting experience. S he currently serves as CFO of another public
company with a market cap of over one hundred million. Previously, M s. Dyczkowski
provided financial and advisory services to several Canadian private and public
corporations, acting in officer or controller capacities.
Mr. Terry Filbert, CEO of EAMC, comments, “We are glad to finally have Ms.
Dyczkowski on board officially in the CFO capacity as she has been assisting in this role
and has been instrumental in keeping the Company upright through out the tumultuous
years since 2017. Ms. Dyczkowski has displayed her commitment to the Company over
the years and she continues to lead us on various financial fronts. We are pleased to have
her in this new role and are confident she will be an effective member of our management
team as we work towards our stated goals.”
Mr. Scott Davis, the current CFO of the Company, has resigned from his positio n. The
Company thanks Mr. Davis for his service and support since 2017.
AMDAL ENVIRONMENTAL PERMITS UPDATE
On July 16 th, 2020, the Company updated investor s about the AMDAL environmental
assessment study (AMDAL) originally anticipated to be c ompleted by the end of July
2020.
The Company ha s received an update this week that due to COVID-19 and the global
pandemic spreading throughout Southeast Asia and central Indonesia, a quarantine period
is now mandatory between islands. As a result of these quarantines, completion of the
Sangihe meeting has been delayed but is expected to be held by mid August.
CORRECTION TO JULY 29, 2020 NEWS RELEASE
The securities distributed under the offering will be subject t o a four month and one day
hold period expiring on November 30, 2020.
ABOUT EAST ASIA MINERALS CORPORATION
East Asia Minerals is a dynamic junior gold developer with NI 43-101 gold resources in
Indonesia, one of the leading gold producer countries in the world. EAS plans to advance
and permit Sangihe in near term and raise funds for a 1,000 ounces per month heap leach
operation. With cashflow from operations, the plan is to further expand resources through
drilling of the Company’s projects. The Company cautions readers that the any production decision
made by the Company will not be b ased on a NI 43 -101 feasibility study of mineral reserves that
demonstrates economic and technical viability and as such, there may be involved increased uncertainty
and various technological and economic risks outlined in the “forward looking statement” below.
East Asia has a team of mining professionals in North Ame rica and locally in Indonesia
with extensive experience in operating small scale gold and coal assets, working
diligently to develop it’s highly prospective project portfolio.
Frank Rocca, BA ppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia
Minerals Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and
approves the content of this release.
EAST ASIA MINERALS CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibili ty 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 stateme nts include, but are no t
limited to, statements or in formation 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 t heir nature are subject to cer tain 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 b y such forward looking statements. Those risks includ e the interpretation of drill results;
the geology, grade and con tinuity of mineral deposits; the possibility that future exploration, development or mining
results will not be consistent with our expect ations; commodity and c urrency price fluctuation; fai lure to obtain
adequate financing; regulatory, recovery rates, re finery costs, and other relevant conversion factors, permitting and
licensing risks; general market and mining exploration risks and produ ction and economic risk s 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. Forw ard-looking statements should
not be construed as inv estment advice. Readers should perform a detailed, independent in vestigation and analysis of
the Company and are encouraged to seek independent professional advice before making any investment decision.
Accordingly, readers sh ould not place undue reliance on a ny 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.