Mr. Nick Watters reports
EAST AFRICA METALS INC. PROVIDES UPDATE ON MANAGEMENT CEASE TRADE ORDER
East Africa Metals Inc. has provided an update on the status of a management cease trade order (MCTO) granted on July 30, 2025, by the British Columbia Securities Commission, in accordance with National Policy 12-203, Management Cease Trade Orders. On July 30, 2025, the company announced that it had applied for the MCTO in connection with the delay by the company in filing its audited financial statements for the financial year ended March 31, 2025, related management discussion and analysis, and officer certification of filings for this period. The MCTO was granted on July 30, 2025.
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 Sept. 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 that: (i) it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly 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) 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-per-cent net profits interest in the Mato Bula and Da Tambuk mines (collectively, the Adyabo property) and a 70-per-cent project interest in the Harvest polymetallic VMS (volcanogenic massive sulphide) exploration project in the Tigray region of Ethiopia. In addition, the company has a 30-per-cent net streaming interest in the Magambazi mine in the Tanga region of Tanzania.
East Africa Metals has invested $66.8-million (U.S.) 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 $24 (U.S.).
We seek Safe Harbor.
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