hosts a partially defined, potentially significant deposit of stratiform sandstone containing deposits of uranium. The property is adjacent to the Company's Airag uranium project.  

    Limited drilling was conducted at Ulaan Nuur during the Soviet era, resulting in the identification of uranium deposits ranging in thickness from 0.1 to 3.5 meters and grading between 0.03 and 0.184% uranium. The initial system was traced for 600 to 800 meters along the strike and up to 400 meters deep. The Soviets calculated a projected 10,000 tons (22 million pounds) of contained uranium within the Ulaan Nuur deposit.  

    Commenting on the acquisition of the Ulaan Nuur property, Michael Hawkins, President of East Asia Minerals said, "We are very pleased to have brought this high potential property into our Mongolian uranium portfolio. While there is some uncertainty as to the quoted historical resource, it isclear that the project contains potentially significant uranium mineralisation and we are looking forward to exploring the tenement in 2007. That we were able to, in a very competitive market, acquire such a quality project is testament to the capacity of the EAS management team at building shareholder value".

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