East Asia Announces Financing and IR Appointment

Vancouver, British Columbia--(Newsfile Corp. - April 13, 2017) - East Asia Minerals Corporation (TSXV: EAS) (the "Company"), announces that it will proceed with a non-brokered private placement of up to 33,333,334 units of the Company (the "Units") at $0.12 per Unit for gross proceeds of up to $4,000,000 (the "Offering").

Each Unit will consist of one common share in the capital of the Company (a "Share") and one-half of a share purchase warrant (each whole warrant, a "Warrant").Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a "Warrant Share") at a price of $0.50 per Warrant Share for a period of five years from the closing of the Offering.

Finder's fees for the Offering may be payable to qualified individuals comprised of shares, warrants or cash or any combination thereof.Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange (the "Exchange").All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with the policies of Exchange and applicable securities legislation.

The proposed net proceeds received from the Offering after payment of commissions are intended to be used by the Company for to pay expenses related to the Company's properties in Indonesia, settle payables and for working capital.

Certain subscribers under the foregoing Offering may be participating through an exemption contained in Multilateral CSA Notice 45-313 and the various corresponding blanket orders and rules of participating jurisdictions (the "Existing Shareholder Exemption") or Multilateral CSA Notice 45-318 and various blanket orders and rules of participating jurisdictions (the "Investor Dealer Exemption").

For subscribers utilizing the Existing Shareholder Exemption, the Offering is available to all shareholders of the Company at April 3, 2017 (the "Record Date") (and still are shareholders) who are eligible to participate under the Existing Shareholder Exemption. Any person who becomes a shareholder of the Company after the Record Date is not permitted to participate in the offerings using the Existing Shareholder Exemption but other exemptions may still be available to them. Shareholders who became shareholders after the record date should consult their professional advisors when completing their subscription form to ensure that they use the correct exemption.

There are conditions and restrictions when relying upon the Existing Shareholder Exemption, namely, the subscriber must: a) be a shareholder of the Company on the Record Date (and still are a shareholder), b) be purchasing the Units as a principal, i.e. for their own account and not for any other party, and c) may not purchase more than $15,000 value of securities from the Company in any twelve month period. There is one exception to the $15,000 subscription limit. In the event that a subscriber wants to purchase more than $15,000 value of securities then they may do so provided they have first received 'suitability advice' from a registered investment dealer and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer.

Subscribers utilizing the Existing Shareholder Exemption must reside in one of the following jurisdictions: Alberta, British Columbia, Manitoba, New Brunswick, Ontario, Nova Scotia, Northwest Territories Prince Edward Island, Qu?(C)bec, Saskatchewan and Yukon. Shareholders resident in Newfoundland and Labrador are not permitted to participate in the Offering under the Existing Shareholder Exemption. Existing shareholders resident in countries other than Canada will need to meet local jurisdiction requirements to participate.

Subscribers implementing the Investor Dealer Exemption must reside in one of the following jurisdictions: Alberta, British Columbia, Manitoba, New Brunswick and Saskatchewan. Subscribers resident in Ontario, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Prince Edward Island, Qu?(C)bec and Yukon are not permitted to participate in the Offering under the Existing Shareholder Exemption. Subscribers resident in countries other than Canada will need to meet local jurisdiction requirements to participate.

The Company also announced that it has retained 1712060 Alberta Co. to provide strategic investor relations and financial communications services.

Under the terms of the agreement, East Asia Minerals will pay 1712060 Alberta Co. a monthly retainer fee of $12,500 for select strategic communications services. The contract term is for 12 months and commences immediately.

Neither 1712060 Alberta Co. nor any of its principals have an ownership interest, directly or indirectly, in East Asia Minerals Corporation or its securities, and the Company has not granted 1712060 Alberta Co. or its principals any right to acquire any such interests. The agreement is subject to the approval of the Exchange.

East Asia Minerals Corporation
Terry Filbert, Chairman & CEO

1712060 Alberta Co.
Ward Kondas
778-918-8384
kondas@gmail.com

For further information, visit the Company's website at www.EAminerals.com

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation.Important factors - including the availability of funds and the results of financing efforts, - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com).Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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.

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