East Asia Minerals Corporation Attracts Talented and Experienced Mining Professionals and Launches New Website.
EAST ASIA MINERALS CORPORATION ATTRACTS TALENTED AND EXPERIENCED MINING
PROFESSIONALS AND LAUNCHES NEW WEBSITE.
For Immediate Release, Vancouver, BC - August 25, 2017 TSXV: EAS
East Asia Minerals Corporation (“East Asia Minerals”, “East Asia, or the “Company”) (TSX:
EAMC)(TSX-V: EAS) is pleased to announce the appointment of Mr. Juangga Mangasi
Mangunsong as Indonesian Country Manager, as of August 1, 2017, to manage the Indonesian
operations and develop the mining assets of both the Sangihe and Miwah properties in
Indonesia.
Juangga obtained his mining engineering degree from the Institute of Technology of Bandung,
Indonesia. He brings to the Company more than 20 years of extensive experience in the
mining industry in Indonesia including several high profile roles acting as Director,
Commissioner, Advisory Board Member, Business Analyst, and Mining Engineer for various
large mining companies.
Juangga was the President Director of PT Peleburan Tembaga Semare a Copper Smelter
company, and is the owner and Commissioner of PT Media Bakti Tambang (Majalah
Tambang), a highly regarded Indonesian national magazine.
Juangga is also a member of the Working Group on Energy and Mineral Resources in the
National Committee For Economy and Industry for the Republic of Indonesia, which has the
charter to update the country's mining regulations. This committee reports directly to the
President of Indonesia.
Terry Filbert, CEO of East Asia Minerals , stated, “As East Asia Minerals gets back to full
operations, we have been able to attract talent ed and experienced mining professionals. Mr.
Mangasi provides the Company with a strategic advantage of local expertise and valuable
relationships with many of the senior governmen t officials we that we need approvals from
which will help keep the projects on schedule and on target.”
The Company is also pleased to announce the return of Mr. Mike Hawkins, the former CEO of
East Asia Minerals Corporation (2006 -2011). Mike has been ap pointed as the Company’s
Executive Consultant. As the former CEO responsible for identifying and acquiring both
Miwah and Sangihe mining projects, which the Company is currently developing he has been
appointed to provide guidance and consulting on the asset development of Miwah and
Sangihe as well as assisting on identifying and acquiring new mining opportunities for the
Company. “During Mike’s tenure, in 2010, the Company reached the historically highest
market valuation of $600 million and acquired sever al gold and uranium properties”, said Mr.
Filbert.
Mr. Filbert further commented that, “Mike was responsible for the acquisition and then sale
of a uranium mine asset to Areva NC for $83 million and a dividend of $70 million to East Asia
shareholders. We are fortunate to h ave his guidance and access to his 30 plus years of
experience as an exploration geologist and executive for maj or mining companies throughout
the Pacific, Asia and South America.
Mike has gladly accepted the appointment to return and see through those projects he started
before he had to leave due to health reasons. Mike’s rejoining our team should give our
shareholders confidence that East Asia Minerals is building a strong qualified team that will
lead to new opportunities for success based on the historic value of the Company.”
East Asia Minerals Corporation has launched a new updated website to provide the updated
information on the company’s current developments and news.
The company is inviting investors to explore its new website. The new website has been
designed to provide the ultimate user -friendly experience with improved navigation and
functionality throughout, allowing investors to access up to date detailed information on our
projects and the company. The site includes exten sive project information to help investors
understand our two projects in Indonesia.
For further information about East Asia Minerals Corporation, please visit
www.EastAsiaMinerals.com or visit the Company’s filings at www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“/s/ Terry Filbert”
Terry Filbert CEO and
Director
For further information, please contact:
Ward Kondas
778-918-8384
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 inc lude 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 eng ineering,
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 relian ce 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.