THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Southeast Asia Mining Corp. ("SEA" or the "Company") is pleased to announce the
signing of a Memorandum of Understanding ("MOU") with Metal Tiger plc ("Metal
Tiger"), a London Stock Exchange listed (LSE:MTR) natural resources company
primarily focused on the mining sector in South East Asia. The MOU outlines the
terms of an option whereby Metal Tiger can earn a 75% interest in the
exploration applications in Nakon Sawan, Lopburi and Chanthaburi Provinces of
Thailand. More information on Metal Tiger can be found at www.metaltigerplc.com.


The MOU provides for an exclusive 90 day period to finalize a joint venture
agreement ("JVA") with SEA. The JVA will provide Metal Tiger with the option to
earn a 75% interest in the exploration applications by paying SEA US$150,000 and
spending US$150,000 on the properties over a two year period. Metal Tiger paid
SEA US$10,000 upon signing the MOU. 


The MOU formalizes an arrangement with Metal Tiger to develop a partnership for
future operations relating to the exploration applications in Nakon Sawan,
Lopburi and Chanthaburi Provinces. SEA looks forward to working with Metal Tiger
to develop their interests in the region.


The MOU does not include the joint venture agreement whereby SEA has an option
to earn an 80% interest in the mining lease applications of the two historical
operating silver-lead-zinc mines (Song Toh and Boh Yai), flotation plant and
equipment or SEA's 100% interest in the exploration permits and applications
surrounding the Song Toh an Boh Yai mines. 


About Southeast Asia Mining Corp.

Southeast Asia Mining Corp. is a junior exploration and mining company focused
in Thailand. The Company has a joint venture agreement whereby it has an option
to earn an 80% interest in the mining lease applications of the two historical
operating silver-lead-zinc mines (Song Toh and Boh Yai), flotation plant and
equipment. The Company completed a NI 43-101 compliant Preliminary Economic
Assessment for the historical operating Song Toh and Boh Yai deposits which
indicated a pre-tax NPV of $88.8 million and an IRR of 148% for 100% of the
historical mines. The Company also has a 100% interest in three special
prospecting licenses (1,308 hectares) and seven special prospecting licence
applications (4,400 hectares) surrounding the Song Toh and Boh Yai mines.


Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's
disclosure filings with Canadian securities regulators. Such statements and
information contained herein represent management's best judgment as of the date
hereof based on the information currently available; however actual results and
events may vary significantly. The Company does not assume the obligation to
update any forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southeast Asia Mining Corp.
Stephen McIntyre
416 970 3034
stephengmcintyre@gmail.com
Avidus Management Group, Inc. (TSXV:JVA)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Avidus Management Group, Inc. Charts.
Avidus Management Group, Inc. (TSXV:JVA)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Avidus Management Group, Inc. Charts.