East Africa Metals Appoints New Director
777 Dunsmuir Street, 17th Floor
PO Box 48658, Station Bentall Centre
Vancouver, BC, Canada V7X 1A3
Tel: 604.488.0822
Toll Free: 866.488.0822
Web: www.eastafricametals.com
NEWS RELEASE
East Africa Metals Appoints New Director
Vancouver, British Columbia – June 20 , 2025 East Africa Metals Inc. (TSX - V: EAM ) ( "East Africa
Metals" or the "Company") is pleased to announce the appointment of Mr. Gang Chen (aka Asa
Chen) as a Director of the Company . Mr. Chen was nominated by Anchises Capital Precious
Metal Fund LLC , a significant shareholder of the Company , following its investment of
CAD$5,522,000 in the Company ’s recently closed private placement on June 17, 2025 .
"Mr. Chen brings a wealth of experience and strategic insight that will be invaluable as we
continue to execute our business objectives," said Andrew Lee Smith , CEO of the Company. "We
welcome his expertise and look forward to his contributions as we advance our corporate
strategy."
Mr. Chen has extensive experience in mine development across Africa, including expertise in
project acquisitions and strategic negotiations . His appointment further strengthens the
Board’s ability to oversee the Company’s strategic initiatives and enhance shareholder value.
About East Africa Metals
The Company's principal assets include a 30% Net Profits Interest in the Mato Bula and Da
Tambuk mines (collectively "Adyabo Property") and a 70% project interest in the Harvest
polymetallic VMS Exploration Project in the Tigray Region of Ethiopia . In addition, the Company
has a 30% Net Streaming Interest in the Magambazi Mine in the Tanga Region of Tanzania.
EAM has invested US$66.8M in African exploration since 2005 and has identified a total of 2.8
million ounces of gold and gold - equivalent resources representing an average discovery cost
per ounce of US$24 .
More information on the Company can be viewed at the Company’s website:
www.eastafricametals.com .
For further information contact:
Nick Watters, Business Development
Telephone +1 (604) 488 - 0822
Email [email protected]
Website www.eastafricametals.com
Cautionary Statement Regarding Forward - Looking Information
This news release contains "forward - looking information" within the meaning of applicable Canadian securities legislation. Generally, forward -
looking information can be identified using forward - looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimat e",
"forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should", "indicate" or variations of such word s or similar words or
expressions. Forward - looking information is based on reasonable assumptions that have been made by East A frica as at the date of such
information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, lev el of activity,
performance or achievements of East Africa to be materially different from those expressed or implied by such forward - looking information,
including but not limited to: timing of receipt of mining permit; timing of mining development; projected heap leach recoveri es ; early
exploration; the closin g of the agreement with the exploration and development company to advanc e the Magambazi Project or identify any
other corporate opportunities for the Company; mineral exploration and development; metal and mineral prices; availability of capital; accuracy
of East Africa's projections and estimates, including the initial mineral resource for the Adyabo, Harvest and Magambazi Properties; interest
and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of c urre nt exploration
activities; government regulation; poli tical or economic developments; foreign taxation risks; environmental risks; insurance risks; capital
expenditures; operating or technical difficulties in connection with development activities; personnel relations; the specula tive nature of
strategic meta l exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to pro perties;
and changes in project parameters as plans continue to be refined, as well as those risk factors set out in in East Afric a's management's
discussion and analysis for the three months and nine months ended December 31 , 202 4 and for the year ended March 31, 2024 , and East
Africa's listing application dated July 8, 2013. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
The contained gold, copper and silver figures shown are in situ. No assurance can be given that the estimated quantities will be produced.
Forward - looking statements are based on assumptions management believes to be reas onable, including but not limited to the timely closing
of the financing; the ability of East Africa’s operating partner in Tanzania to reactivate the mining operations at Magambazi or the success of
East Africa to recover the Magambazi project from the operating partner and engagement of new operating partners ; the price of gold, silver,
copper and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities ; the timely receipt
of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost - efficient manner; the ability to
operate in a safe, efficient and effective manner; the rene wal or extension of exploration Licenses; the regulatory framework regarding
environmental matters, and such other assumptions and factors as set out herein. Although East Africa has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward - looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as
actual res ults and future events could differ materially from those anticipated in such information. The Company does not update or rev ise
forward looking information even if new information becomes available unless legislation requires the Company do so. Accordin gl y, readers
should not place undue reliance on forward - looking information contained herein, except in accordance with applicable securities laws. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.