File: '\\swfile\EmailIn\20250617 144813 Attachment EAM 20250617 PR Anchises.docx'

EARLY WARNING PRESS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

June 17, 2025 - Anchises Capital Precious Metal Fund LLC ("Anchises") announces that it has acquired 50,200,000 common shares of East Africa Metals Inc. (the "Company") at the price of CAD$0.11 per share, for a total subscription price of CAD$5,522,000 (the "Subscription"), pursuant to a non-brokered private placement of the Company. The shares represent approximately 18.66% of the outstanding common shares of the Company, on an undiluted basis.

Prior to the Subscription, Anchises did not own any securities of the Company. Prior to the Subscription, the sole shareholder of Anchises held 3,333,333 common shares of the Company, representing approximately 1.52% of the then-outstanding shares of the Company on an undiluted basis.

Subsequent to the Subscription, Anchises and the sole shareholder of Anchises together hold 53,533,333 common shares, representing approximately 19.90% of the outstanding shares of the Company, on an undiluted basis.

Anchises has acquired the shares for investment purposes. In the future, Anchises and the sole shareholder of Anchises will evaluate their investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances require through market transactions, private agreements, or otherwise.

Anchises intends to nominate one individual to serve on the board of directors of the Company.

A copy of the early warning report being filed by Anchises may be obtained on SEDAR+ at www.sedarplus.ca under the Company's profile.