East Africa Metals Inc. Provides Update on 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. Provides Update on Management Cease Trade Order
Vancouver, British Columbia – August 13 , 2025 – East Africa Metals Inc. (TSXV: EAM) ( “EAM ” or the
“ Company ”), provid es an update on the status of a management cease trade order (the “ MCTO ” )
granted on July 30 , 202 5 , by the British Columbia Securities Commission , in accordance with National
Policy 12 - 203 Management Cease Trade Orders (“ NP 12 - 203 ”) . O n July 30, 2025, the Company
announced that it ha d applied for t he MCTO in connection with the delay by the Company in filing its
audited financial statements for the financial year ended March 31 , 202 5 , and related management’s
discussion and analysis and officer s certification of filings for this period (the “ Required Filings ” ) .
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.
During the period of the MCTO , the general public will continue to be able to trade in the Company’s
listed securities . However, the Company ’ s chief executive officer and chief financial officer will not be
able to trade in the Company’s shares.
The Company confirms: (i) that it will satisfy the provisions of the alternative information guidelines
under NP 12 - 203 by issuing bi - weekly default status reports in the form of news releases during the
period of the MCTO ; (ii) the Company is not subject to any insolvency proceedings; and (iii) the Company
confirms that there is no other material information relating to its affairs that has not been generally
disclosed.
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
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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 word s or similar words or
expressions. 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 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 closing of the agreemen t with the exploration and development company to advance 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 ur rent 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; perso nnel relations; the speculative nature of
strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests ove r 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 shown 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 timely closing
of the financing; the timely closing of the Handeni Property definitive agreement; the price of go ld, 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 a pprovals; 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 Licenses; the regulatory framework regarding environmental matters, and such other
assumptions and factors as set ou t 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 materially from those anticipated in such information. The Company does not update or revise forward looking inf ormation even if new
information becomes available unless 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. Ne ither 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 adequa cy or accuracy of this
release.