15 November 2019

Equatorial Mining and Exploration Plc

("EME" or the "Company")

Result of AGM and Share Consolidation 

EME is pleased to announce that at the Company's Annual General Meeting ("AGM") held today 15 November 2019, all of the resolutions proposed, as set out in the Notice of AGM, were duly passed.

Share Consolidation

Consequently, the Company will consolidate every one hundred (100) Ordinary Shares into one (1) Ordinary Share with a par value of £0.01 each, will come into effect at 7:30am on 18 November 2019 ("Admission"). Upon Admission, the Company will have 360,248,495 Ordinary Shares in issue. There are no shares held in treasury.

Following the share consolidation, the issued share capital of the Company will be 360,248,495 ordinary shares of 1 pence each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Name Change

The change of name to Eastinco Mining PLC will be effective once the Change of Name Certificate has been issued by Companies House Registry.  The Company will issue a further announcement once this has been received.

Investment Disposal

The Company has disposed of its holding in EMEMine Nigeria Limited for a nominal value.  The company has no investments in Nigeria, but will continue to seek additional mineral resource investment opportunities across Africa.

The directors of Equatorial Mining and Exploration Plc accept responsibility for this announcement.

Equatorial Mining & Exploration Plc:                                    charles.bray@eme-plc.com

Charles Bray, Executive Chairman

NEX EXCHANGE CORPORATE ADVISER:

Alexander David Securities Limited

David Scott -Corporate Finance

James Dewhurst - Corporate Broking 

Telephone: +44 (0) 20 7448 9820

http://www.ad-securities.com

49 Queen Victoria Street, London EC4N 4SA