East Asia Minerals Further Strengthens its Board of Directors With
the Appointment of Jay Chmelauskas as Director and the Appointment of
Peter Sederowsky as Lead Independent Director
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/29/12 -- East Asia
Minerals Corporation (TSX VENTURE:EAS) ("EAS" or the "Company")
announces the appointment of Jay Chmelauskas as Director. In
addition, East Asia Minerals wishes to announce the appointment of
Peter Sederowsky as Lead Independent Director.
Mr. Chmelauskas was appointed as the newest addition to East Asia's
Board of Directors by unanimous vote. Mr. Chmelauskas is currently
the President and CEO of Western Lithium USA Corporation. He was
formerly the President and CEO of China Gold International Resources
Corp. Ltd. (formerly Jinshan Gold Mines). At China Gold, he led the
company through a China-wide exploration program with the discovery
of two gold deposits measuring over six million ounces of gold
resources. He advanced the largest deposit (five million ounces)
through funding, permitting, construction and commissioning to become
one of China's largest open pit gold mines. The company was sold to
China National Gold Corporation valuing the company in excess of
US$450 million. Prior to China Gold, Mr. Chmelauskas held consulting
engineering positions with Vancouver-based engineering consultant
groups and also worked at one of Placer Dome's largest open pit gold
mines in Papua New Guinea. In addition to his considerable experience
in the exploration, development and mining industry, he worked in the
corporate development group with chemical manufacturer Methanex
Corporation. Jay has a Bachelor of Applied Science in Geological
Engineering from the University of British Columbia and a Master of
Business Administration from Queen's University.
Peter Sederowsky has been approved by the Board of Directors and has
accepted the role of Lead Independent Director. In his new role Mr.
Sederowsky will aid and assist the Chairman and Chief Executive
Officer as well as the remainder of the Board, in assuring effective
corporate governance in managing the affairs of the Board and the
Edward Rochette, Chief Executive Officer with East Asia Minerals
commented: "We are very pleased to welcome Jay Chmelauskas as a ne
Director with East Asia. His experience and knowledge will be
accretive and strengthen East Asia's existing Board of Directors. I
would also like to congratulate Peter Sederowsky on this appointment
to Lead Independent Director. I look forward to working with both Jay
and Peter as we continue to grow and develop East Asia Minerals."
Mr. Chmelauskas may be granted stock options of the company, in
future, subject to receipt of board and regulatory approvals,
including the approval of the TSX Venture Exchange.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian
mineral exploration company with gold and copper exploration
properties in Indonesia, and uranium exploration properties in
Mongolia. In Indonesia, the Company has a 70% to 85% interest in
three advanced gold and gold-copper properties located in Aceh
Province, Sumatra, and Sangihe Island, North Sulawesi. The Company
owns six uranium properties, including the advanced Ingiin-Nars,
Ulaan Nuur and Enger uranium projects, and two phosphate properties
in Mongolia. Its shares are listed for trading on the TSX Venture
Exchange under the symbol "EAS".
FOR FURTHER INFORMATION, visit the Company's website at
On Behalf of East Asia Minerals Corporation:
Edward Rochette, Chairman & CEO
To receive or stop receiving EAS news via email, please email
Info@EAminerals.com and state your preference in the subject line.
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.
East Asia Minerals Corporation
Manager, Investor Relations
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