🕐10.12.10 - 02:27 Uhr

East Africa Resources Limited [ASX: EAF] - East Africa Resources completes $3.4 million placement



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East Africa Resources Limited [ASX: EAF] - East Africa Resources completes $3.4 million placement

East Africa Resources Limited (ASX: EAF) advises that it has completed a placement of 17
million shares at an issue price of $0.20 each to raise $3,400,000 before costs.

7 million of the Placement shares were issued pursuant to ASX Listing Rule 7.1 and the
balance of 10 million were issued under the approval granted by shareholders at the Annual General Meeting held on 24 November 2010.

The company is advancing uranium exploration projects in Tanzania.

Please see attachment for more details.

For further information, please contact:

Louis Coetzee, Chairman
East Africa Resources Limited
Tel: +61 8 9227 3270
Fax: +61 8 9227 3211
Email:

Media:
Fortbridge
Tel: +61 2 9331 0655
Bill Kemmery: +61 400 122 449

Luke Dean: +61 414 535 433



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