East Africa Metals Inc. Announces Management Cease Trade Order
777 Dunsmuir Street
PO Box 11108, Vancouver, BC, Canada V6E 3P3
Tel: 604.488.0822
Web: www.eastafricametals.com
NEWS RELEASE
East Africa Metals Inc. Announces Management Cease Trade Order
Vancouver, British Columbia – July 30, 2025 – East Africa Metals Inc. (TSXV: EAM) ( “EAM ” or the “ Company ”),
announces that the Company has applied to the British Columbia Securities Commission (the “ BCSC ” ) for a
temporary management cease trade order (the “ MCTO ” ) under National Policy 12 - 203 Management Cease Trade
Orders ( “ NP 12 - 203 ” ). The Company was required to file its audited financial statements for the financial year
ended March 31, 2025 , and related management ’ s discussion and analysis , Chief Executive Officer and Chief
Financial Officer certificat ion of filings for this period (collectively, the “ Required Filings ” ) on or before the filing
deadline of July 29, 2025 (the “ Filing Deadline ”) . T he Company has been delayed in providing the Company’s
auditor with sufficient evidence to support the ownership of Canaco Tanzania Limited (“ CTL ”, a Tanzanian
company) and Denwill Mining Services Limited (“ Denwill ”, a Tanzanian company) as at March 31, 2025 and as of
today’s date. The delay is due to challenges in obtaining confirmation of current ownership of CT L and Denwill
from the appropriate Tanzanian governmental agencies due to irregularities in the Tanzanian corporate registry ,
which have not yet been formally clarified by such agencies .
The Company is working to complete the Required Filings and expects that it will be in a position to complete the
Required Filings on or before September 29, 2025. The MCTO will be in effect until the Required Filings are
completed. The Company intends to satisfy the provisions of the alternative information guidelines set out in
section 10 of NP 12 - 203 so long as the Required Filings are outstanding. The Company further confirms that there
is no other material information relating to its affairs that has not been generally disclosed. Other than as disclosed
herein, the Company is up to date in its filing obligations.
About East Africa Metals Inc.
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 addi tion, 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 please 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", "estimate", "forecast", "project",
"budget", "schedule", "may", "will", "could", "might", "should", "indicate" or variations of such words or similar words or e xpressions. Forward - looking
information is based on reasonable assumptions th at have been made by East Africa as at the date of such information and is subject to known and unknown
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risks, uncertainties and other factors that may cause the actual results, level 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 recoveries ; early exploration; the closing of the agreement with the exploration and development company to
advance the Magambazi Project or identify any other c orporate 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
curren t exploration activities; government regulation; political 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 metal
exploration and development including the risk s of diminishing quantities of grades of reserves; contests over title to properties; and changes in project
parameters as plans continue to be refined, as well as those risk factors set out in in East Africa's management's discussion and analysis for the three months
and nine months ended December 31 , 2024 and for the year ended March 31, 2024 , and East Africa's listing application dated July 8, 2013. Mineral Resources,
which are not Mineral Reserves, do not have demonstrated economic viability. The contained gold, copper and silver figures sh own are in situ. No assurance
can be given that the estimated quantities will be produced. Forward - looking state ments are based on assumptions management believes to be reasonable,
including but not limited to the tim ely closing of the financing; the timely closing of the Handeni Property definitive agreement; the price of gold, silver, cop per
and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities; the t im ely 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 renewal or extension of exploration Licens es; 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 b e no assurance that such information will prove to be accurate, as actual results and future events could differ ma terially from those anticipated in such
information. The Company does not update or revise forward looking information even if new information becomes available unle ss legislation requires the
Company do so. Accordingly, readers should not place undue reli ance 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 o f the TSX Venture Exchange) accepts
resp onsibility for the adequacy or accuracy of this release.