File: '\\swfile\EmailIn\20260202 051247 Attachment EAM 20260202 NR SOs Grant.docx'

777 Dunsmuir Street, 17th Floor

Vancouver, BC, Canada V7X 1A3

Tel: 604.488.0822

Web: www.eastafricametals.com

MEDIA RELEASE

East Africa Metals Grants Stock Options

Vancouver, British Columbia - February 2, 2026- East Africa Metals Inc. (TSX-V: EAM) (Frankfurt: EA1) has granted an aggregate of 16,300,000 stock options to certain directors, officers and consultants pursuant to the Company's Stock Option Plan. The options have an exercise price of $0.15 per share and an expiry date of February 1, 2031. The options vest immediately and are subject to the approval of the TSX Venture Exchange. All securities are subject to a statutory hold period of four months and one day from the date of grant, in compliance with applicable stock exchange policies.

The grant of stock options to certain directors and officers constitutes a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the stock options granted to related parties does not exceed 25% of the Company's market capitalization. The Company did not file a material change report 21 days before the grant of the stock options, which is reasonable for a grant of stock options given the exemptions being relied upon.

More information on the Company can be viewed at the Company's website: www.eastafricametals.com.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., CEO

For further information contact:

Nick Watters, Business Development

Telephone +1 (604) 488-0822

Email info@eastafricametals.com

Website www.eastafricametals.com

Neither 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 adequacy or accuracy of this release.