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EAM.V ·

East Africa Metals Grants Stock Options

Share Capital & Compensation

777 Dunsmuir Street , 17 th Floor

Vancouver, BC, Canada V7X 1A3

Tel: 604.488.0822

Web: www.eastafricametals.com

MEDIA RELEASE

East Africa Metals Grants Stock Options

Vancouver, Bri tish Columbia – September 11 , 202 3 – East Africa Metals Inc. (TSX - V: EAM) (Frakfurt: EA1)

has granted an aggregate of 10,550,000 stock options to certain directors, officers and consultants pursuant

to the Company’s Stock Option Plan. The options have an exercise price of $0. 2 0 per share and an expiry

date of September 11 , 202 8 . The options vest immediately and are subject to the approval of the TSX Venture

Exchange.

More information on the Company can be viewed at the Company’s website: www.eastafricametals.com .

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., CEO

For further information contact:

Nick Watters, Business Development

Telephone +1 (604) 488 - 0822

Email [email protected]

Website www.eastafricametals.com

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.