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 Company.
Edward Rochette, Chief Executive Officer with East Asia Minerals commented: "We are very pleased to welcome Jay Chmelauskas as a new 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 www.EAminerals.com.
On Behalf of East Asia Minerals Corporation:
Edward Rochette, Chairman & CEO
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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.
Contacts:
East Asia Minerals Corporation
Mike McAllister
Manager, Investor Relations
+1 416-309-2134
Info@EAminerals.com
www.EAminerals.com
