Release: Austindo Resources: Farm-out of Cibaliung gold project to East Asia Minerals not to proceed

June 3, 2008 - East Asia Minerals Corporation has advised Austindo Resources Corporation NL (?Austindo?) that it will not be proceeding with the proposed farm-out of the Cibaliung Gold Project in Indonesia (the ?Project?).

Austindo will review its position in respect of the Project with appropriate stakeholders and report further to the market at the earliest opportunity. (end of release)