To: STOCKLOR who wrote (108188 ) 4/16/2013 11:52:34 AM From: Veteran98 Read Replies (1) | Respond to of 234065 EAS... East Asia eager for Indonesian gov't to open up forest 2013-04-16 05:11 MT - News Release Mr. Edward Rochette reports EAST ASIA MINERALS' MIWAH GOLD PROJECT CLOSER TO RECLASSIFICATION IN ACEH, INDONESIA East Asia Minerals Corp. has provided an update on Indonesia's Ministry of Forestry which is close to accepting a proposal to open 1.2 million hectares of forest in Aceh province for mining, logging and palm oil production. "We are very pleased with the recent news from the Indonesian government. These new developments are good progress and positive news for mineral extraction in the area. This will help us realize the full value of our Miwah gold project in Aceh with a NI 43-101-compliant resource of 3.1 million ounces of gold," said Edward Rochette, chief executive officer of East Asia Minerals. Tgk. Anwar, the chairman of the Aceh government's spatial planning committee, claimed that the Ministry of Forestry has accepted "almost 100 per cent" of the province's new spatial plan, which would zone large blocks of previously protected forest for mineral extraction, timber concessions, and oil palm plantations. Aceh has the most forest cover of any province in Sumatra, which lost 36 per cent of its forests in the past 20 years. The new spatial plan would grant nearly one million hectares of land for mining, 416,086 for logging and 256,250 hectares for palm oil. The plan would also approve an extensive new network of roads that would run through protected forests. The company is working closely with government officials in the country and have company representatives on the ground in Aceh to obtain reclassification of the forestry zone from "protected forest" to "production forest." East Asia Minerals has implemented a new corporate social responsibility program and hired ex-government officials to help them with these efforts. Extensions on Miwah IUP mining business licences are in place until Nov. 30, 2014. The company is undergoing a valuation study to define its current status and options on reclassification. The nature of the orebody and the limited scope of the valuation study preclude this assessment. Once forestry designation has been reclassified, the company will be granted the ability to continue the drilling program with the goal of expanding the resource at Miwah. While waiting for reclassification, the company will be able to assess mineralization and prepare East Asia Minerals to conduct a feasibility study. Miwah is not currently included in this reclassification. The length of this process is primarily due to dealing with a coalition of environmental groups and NGOs. Frank Rocca, AusIMM, vice-president exploration of the company, and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.