East Asia names Mangasi as Indonesian country manager

2017-08-25 12:29 ET - News Release

Mr. Terry Filbert reports
EAST ASIA MINERALS CORPORATION ATTRACTS TALENTED AND EXPERIENCED MINING PROFESSIONALS AND LAUNCHES NEW WEBSITE
East Asia Minerals Corp. has appointed Juangga Mangasi Mangunsong as Indonesian country manager, as of Aug. 1, 2017, to manage the Indonesian operations and develop the mining assets of both the Sangihe and Miwah properties in Indonesia.

Mr. Mangasi 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.
Mr. Mangasi 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.

Mr. Mangasi 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, chief executive officer of East Asia Minerals, stated: "As East Asia Minerals gets back to full operations, we have been able to attract talented and experienced mining professionals. Mr. Mangasi provides the company with a strategic advantage of local expertise and valuable relationships with many of the senior government 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 Mike Hawkins, the former chief executive officer of East Asia Minerals (2006 to 2011). Mr. Hawkins has been appointed as the company's executive consultant. As the former chief executive officer 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 several gold and uranium properties," said Mr. Filbert.

Mr. Filbert further commented: "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 have his guidance and access to his 30-plus years of experience as an exploration geologist and executive for major 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 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 East Asia's projects and the company. The site includes extensive project information to help investors understand the company's two projects in Indonesia.
We seek Safe Harbor.