East Africa Metals Inc. update that the Company will continue to explore highly prospective areas in the immediate vicinity of the known Mato Bula Gold Copper ("Mato Bula") and Da Tambuk Gold ("Da Tambuk") deposit areas. The contents of this disclosure outlines the Company's exploration strategy for assessing the areas through further targeted and staged exploration. This work will be concurrent with the initiation of mine development programs at Mato Bula and Da Tambuk in the Federal Democratic Republic of Ethiopia ("Ethiopia").

The Company has maintained a steady multi-project advancement strategy over years of exploration, building value by drilling out key areas of mineralization to establish core base assets. The release of positive PEA results for the spatially related Mato Bula and Da Tambuk mines listed above provides a foothold for working to potentially improve and expand resources on the projects through additional systematic exploration of the prospective exploration targets on the Adyabo property. The Company has re-engaged Aurum Exploration Limited to plan and manage the exploration drilling program at Halima Hill expected to be initiated prior to the end of second quarter of 2024.

Adyabo Property: Mato Bula and Da Tambuk: Both Mato Bula and Da Tambuk lie along a geologically defined trend (the Mato Bula trend) characterised by anomalous base and precious metal soil values, and prospective alteration similar to that in the deposit areas. Additional work warranted to potentially locate additional mineralization includes; Halima Hill I.P. - Represents a compelling target as a large, open (to depth and southward) Induced Polarization ("I.P.") chargeability anomaly extending laterally 500 metres south beyond the known Mato Bula mineralization. The currently defined copper/gold mineralization increases in silver and zinc content locally in the south region of the resource.

Being an open I.P. target, the feature requires drill qualification and has potential, with mineralization identification, to represent a significant spatial increase to the known mineralized footprint. A key intersection in this area includes 24.50 metres grading 0.61 grams per tonne gold, 1.67 % copper, 8.0 grams per tonne silver, and 0.96% zinc, from 204.30 metres (WMD027-press release dated January 15, 2015). Mato Bula Central - Results from the 2017 infill drilling program identified areas of potential high grade mineralization for step out drilling to depth in the central area of Mato Bula.

Silica Hill - Resource mineralization remains open to depth. Silica Hill North - Interpretation of geology and mineralization has been revised and additional drill targets have been identified with the objective to build upon an initial intersection of 22.91 metres at 14.34 grams per tonne gold including 8.50 metres at 36.92 grams per tonne gold, from 101.09 metres drill depth (WMD032-press release dated January 15, 2015). Mato Bula North- A separate copper enriched area of the existing resource remains open laterally and to depth, and requires further delineation drilling.

Regional I.P. survey - To delineate additional targets to depth along the Mato Bula Trend. Da Tambuk Silica Ridge - Two target areas of artisanal workings, silica alteration, and anomalous multi-element soil geochemistry remains to be trench and drill tested. Da Tambuk deposit - Infill and extension drilling required (deposit currently open to depth and south).