Excavating Profit: Three Mining Companies Update Wall Street Reporter On a Bright Future in Africa and Asia


NEW YORK, Aug. 29, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter has recently published interviews with executives from three of the most progressive mining companies in Asia and Africa: Pan African Mining Corp. (TSX-V:PAF) (Frankfurt:P2A), Dragon Mountain Gold Ltd. (ASX:DMG), and East Asia Minerals Corp. (TSX-V:EAS).

The 15-minute interview is now available at wallstreetreporter.com in streaming audio and mp3 format, free of charge.

Pan African Mining Corporation (TSX-V:PAF) (Frankfurt:P2A) "was conceived as a Southern African regional explorer to develop projects across the whole mineral spectrum in countries with relatively low political risk," CEO Irwin Olian tells WSR. As such, Madagascar has been one of their main focuses since 2003, re-discovering and drilling long-abandoned French mines.

Mr. Olian described these and other topics of interest to potential investors:



 --  How the state government and local geography of Madagascar is
     conducive to a strong growth outlook and encourages positive
     expectations in the uranium mining industry.

 --  The company relies on a team of 12 senior excavatory geologists,
     each boasting over twenty years' experience.

 --  More than a dozen leading financial institutions from Canada, UK,
     and Europe back the company, promising the necessary financial
     resources that are crucial to achieving its long-term goals.

Dragon Mountain Gold Limited (ASX:DMG) is a burgeoning gold exploration company located in China. Managing Director Andrew Richards explains to WSR, "We've some major gold assets in China, most principally the Lixian Project in Gansu which is a major 1.76 million ounce deposit as defined by some of the Chinese work that has been done there."

Primary topics of interest to potential investors include:



 --  The political climate in China has encouraged foreign companies
     like Dragon Mountain Gold Ltd. to come in and explore large
     areas of land; reliable infrastructure in these areas also
     prove to be beneficial.

 --  In the next two to three years the company hopes to be in
     full-scale production with an open pit mine, while continually
     adding extensions to utilize multiple resources.

 --  The management Board is comprised of a diverse group of highly
     experienced international members who are focused on Chinese
     relations.

East Asia Minerals Corp (TSX-V:EAS) has "a very strong portfolio in uranium, copper, and gold, which will continue to create shareholder value," says President & Director Mike Hawkins, emphasizing that the company "will continue to target uranium assets in Mongolia."

Topics of interest in the interview include:



 --  How the company continues to obtain very valuable projects for
     very little upfront cash.

 --  Why the Board views the "fundamentals of smart business" as
     one of the most important building blocks of their corporate
     growth strategy

 --  Whether or not the limited infrastructure and political climate
     of Mongolia will negatively affect progress on uranium mining.

About Wall Street Reporter

Wall Street Reporter (Est. 1843) helps smart investors connect with exciting companies, through our website, magazines and conferences. The company's analysts produce in-depth, unbiased, unfiltered interviews that deliver a first-hand, straight-from-the-source perspective.

About Pan Africa Mining Corp.

Pan Africa Mining Corporation is an exploratory resources company with diversified mineral properties throughout Africa. The company mines for gold, coal, precious stones, base metals, and holds a major asset in Madagascar with its uranium resource.

About Dragon Mountain Gold Ltd.

Dragon Mountain Gold Limited is an Australian-based gold explorer operating solely in China since 2004. In 2007, the company obtained an 83.6% shareholding of the Canadian company Warrior Advance Limited, whose subsidiary owns 90% of the Lixian Gold Project in the Gansu province of China.

About East Asia Minerals Corp.

East Asia Minerals Corporation is a Canadian-based mineral exploration company with uranium, gold, and copper assets in Mongolia and Indonesia. The company holds majority interest in five major gold projects in Indonesia and one copper oxide project in Mongolia.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated. The company has no obligation to update these forward-looking statements.



            

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