Mr. Yongwen Wang of Shandong reports

Shandong Tyan Home Co. Ltd. (STH) has filed an early warning report advising of its holdings in East Africa Metals Inc. STH acquired ownership and control of 20,000,000 units of the Company at $0.26 per unit, for gross proceeds of $5,200,000, pursuant to a private placement of the Company. Each unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at an exercise price of $0.45 until September 7, 2018.

STH is a Chinese listed public company on the Shanghai Stock Exchange (stock code: 600807), with an integrated business range including real estate, mining, finance and venture capital investment.

Prior to the private placement, STH did not own any securities of the Company.

As a result of the private placement, STH has beneficial ownership and control of an aggregate of 20,000,000 common shares and 10,000,000 common share purchase warrants of the Company. The 20,000,000 common shares represent approximately 14.3% of the outstanding common shares of the Company (based on a total of 139,728,095 common shares issued and outstanding as of March 7, 2017 following completion of the transaction), or 20.0% of the outstanding common shares of the Company (assuming the exercise in full of the 10,000,000 warrants and based on a total of 149,728,095 common shares of the Company issued and outstanding). The East Africa shares are listed on the TSX Venture Exchange. This transaction was made for investment purposes. STH has no current intention to obtain beneficial ownership of additional securities of the Company. However STH may, as investment conditions warrant, acquire additional securities or dispose of securities of the Company, in the market or privately.

On March 7, 2017, Mr. Yongwen Wang, a director and General Manager of STH, was appointed a director of the Company.

In addition to the private placement, STH and the Company have a non-binding letter of intent to for STH to provide US$10,000,000 line of credit to the Company to support the Company's development of its Terakimti Oxide Gold Project. STH can choose to identify a third party to provide or participate in the debt financing. A copy of the report filed by STH in connection with this acquisition is available on the SEDAR website under the Company's profile or by contacting Mr. Wang at ty600807@vip.163.com.