12:04 PM EST - East Africa Metals Inc. : Provided additional information to the original announcement dated February 8, regarding the Project Financing with Tibet Huayu Mining Company. EAM can confirm the Boards of Directors for both East Africa Metals and Tibet Huayu Mining have approved the transaction. EAM have executed a binding Letter of Intent with Tibet Huayu Mining Co., Ltd for the exploration, development and operation of EAM’s Ethiopian Mining Assets; the Terakimti, Mato Bula and Da Tambuk gold projects located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia. Tibet Huayu is a Chinese mining company with its headquarters in Lhasa, China and is publicly listed on the Shanghai Stock Exchange. East Africa Metals Inc.
shares V.EAM are trading up $0.02 at $0.21.