19 January 2022

Eastinco Mining and Exploration plc

("Eastinco" or the "Company")

Senior Appointment, Rwanda

Eastinco Mining and Exploration plc (AQUIS: EM.P) is pleased to announce the appointment of Mr. Richard Mugisha as a Non-Executive Director of the Company's 100% owned Rwandan registered subsidiary, Eastinco Limited.

Mr. Mugisha holds a Bachelor of Arts degree (BA) and a Bachelor of Laws degree (LLB) from the University of Lesotho in 1994, and a Master of Laws (LLM) from New York University. He is the Senior Partner of Trust Law Chambers in Rwanda, which he founded in 2004. Formerly, he served in different capacities for the Government of Rwanda. He has led numerous assignments in Energy, Infrastructure & Mining, as well as Banking and Finance, and has been at the forefront of many major commercial transactions in Rwanda.

Mr. Mugisha is cited by Chambers & Partners as a Band 1 Attorney, and a "Leading Lawyer" by IFLR1000 legal directories. He is the former President of the East African Law Society (EALS) and the former Chairman of the Business Law Reform Commission, a body that reviewed all legislation affecting the commercial environment in Rwanda. He also serves on various national committees, foundations, and company boards in Rwanda. Richard is a member of the Rwanda Bar Association, a fellow of the Africa Leadership Initiative and the Aspen Global Leadership Network and has also been appointed as Honorary Consul of the Republic of Lithuania to the Republic of Rwanda with residence in Kigali.

Charles Bray, Chairman of Eastinco stated

"We are delighted that Richard has joined us as we look to expand our operations in Rwanda. Richard's appointment clearly reflects our commitment to operating in Rwanda to the highest corporate standards. Undoubtably, his extensive network and business reach will allow us to optimise our stakeholder communications and relationships, whilst providing guidance and direction to ensure the highest level of governance in our operations."

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). 

The Directors take responsibility for this announcement.

Enquiries:

For further information, please visit the company website www.eastinco.com or contact:

Eastinco Mining & Exploration Plc:

Charles Bray, Executive Chairman - charles.bray@eme-plc.com

Simon Rollason, Director - simon.rollason@eme-plc.com

AQSE Growth Market Corporate Adviser:

Novum Securities Limited

David Coffman / Lucy Bowden

Tel: +44 (0)207 399 9400

Financial PR:
Yellow Jersey PR - eastinco@yellowjerseypr.com
Tom Randell / Henry Wilkinson / Matthew McHale
Tel: +44 (0)20 3004 9512

Notes to Editors:

About Eastinco Mining and Exploration plc

www.eastinco.com

Eastinco Mining and Exploration plc is an African focused critical and strategic mineral focussed exploration and development company listed on the AQUIS Market in London.

We are actively seeking to acquire and develop new critical and strategic mineral resources to strengthen our existing asset base, whilst supporting ethical and sustainable supply chains. We are targeting those metals considered strategically essential to the economy, and for which any disrupted supply may have a significant impact on the production of critical and/or strategic end products. Presently the renewable energy, automotive and electronic manufacturing sectors are driving the requirement to develop secure supply chains of these key critical strategic minerals, particularly for the production of critical and/or strategic end products such as alloys, EV batteries, IT equipment, etc.

In 2019 we acquired Eastinco Limited, our Rwandan based subsidiary exploration, development, and trading company. We currently have three joint ventures in Rwanda where we are exploring for, and are developing small-scale tantalum-niobium-tin mining operations.