East Africa Metals Grants Stock Options

Vancouver, British Columbia – May 12, 2023 – East Africa Metals Inc. (TSX-V: EAM and Frakfurt: EA1) has granted an aggregate of 3,100,000 stock options to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.20 per share and an expiry date of May 9, 2028. The options vest immediately and are subject to the approval of the TSX Venture Exchange.

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.