Eastern Metals Limited Announces Resignation of Wayne Rossiter as Managing Director and Chief Executive Officer

Eastern Metals Limited is an Australia-based base metals explorer with an asset portfolio located in Australia’s various mineral provinces. The Company’s core focus is on the advanced Arunta Project in the Northern Territory. In addition, the Company also holds the earlier-stage Thomson Project in northern New South Wales (NSW) and Cobar Project in NSW. The Arunta Project, which is located in the Northern Territory, east of the Stuart Highway between Alice Springs and Tennant Creek near the township of Barrow Creek, comprises two groups of tenements, Neutral Junction in the north and Adnera Hill to the south. The Arunta Project landholding totals about 593 square kilometers. The Thomson Project comprises two exploration licenses in north-western NSW, Harrier (EL9194) and Falcon (EL9190). Its focus within the 100%-owned Cobar Project in NSW is the Company’s Browns Reef zinc-lead-silver-copper-gold deposit. The Cobar Project is located approximately 470 kilometers west of Sydney.