Result of General Meeting

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

5 January 2022

East Star Resources Plc

("East Star" or the "Company")

Result of General Meeting

Capitalised terms used in this announcement shall have the same meaning as set out in the prospectus dated 14 December 2021

East Star is pleased to announce that all Resolutions proposed at the General Meeting of the Company held earlier today were duly passed.

Following the approval of the Resolutions, the transaction, as announced on 14 December 2021, has become unconditional in all respects subject only to Admission. As per the terms of the Resolutions and on Admission (as set out in the announcement dated 14 December 2021) the Company will issue:

· 45,000,000 Ordinary Shares to the vendors of Discovery Ventures Kazakhstan Limited in consideration for the acquisition of DVK;

· 38,050,000 Ordinary Shares pursuant to a placing conducted by the Company's broker, Peterhouse Capital Limited;

· 23,950,000 Ordinary Shares pursuant to direct subscription received by the Company;

· 5,350,000 Ilwella Loan Shares; and

· 360,000 Fee Shares.

As such, application has been made for the total of 182,250,164 Ordinary Shares to be admitted to trading on the Official List of the UK Listing Authority and to trading on the Main Market of London Stock Exchange plc.

It is anticipated that Admission will become effective and that dealings in the Ordinary Shares will commence at 8.00 a.m. on 10 January 2022. 

For further information, please visit www.east-star-resources.com or contact the following: 

East Star Resources Plc

Sandy Barblett

Tel: +44 (0)20 3918 8792

Peterhouse Capital Limited (Corporate Broker and Placing Agent)

Duncan Vasey / Lucy Williams

Tel: +44 (0) 20 7469 0930

Vigo Consulting (Investor Relations)

Ben Simons / Oliver Clark

Tel: +44 (0)20 7390 0234