Eastern Resources Limited announced that it has entered into an Amended and Restated Option Agreement and a Deed of Assignment and Assumption with Amery Holdings Pty Ltd. ("Amery") and Curlew Mine Pty Ltd. ("Curlew") to acquire 50% ownership of the Tenement including 100% interests of all mineral rights except beryl minerals in the Tenement. Amery had previously entered into an Option Agreement with Curlew ("Option Agreement") to acquire the Tenement and, in effect, that option agreement has been assigned to the Company. The Curlew Mine is within the Trigg Hill Lithium Project which is located in East Pilbara, Western Australia about 225km by road from Port Hedland.

The Curlew Mine is an open cut emerald deposit, which was discovered prior to 1940. It was mined from 1976-1982 and then again in recent years. No drilling has been undertaken on any of the pegmatites in the Tenement.

There are numbers of pegmatites occurring on the Tenement, including the larger pegmatites in the northern part of the lease. In 2022, EFE conducted sampling works at E45/5728 and discovered pegmatites along the eastern boundary of the Tenement. The samples returned reasonable lithium grades from pegmatites that dip to the east into the E45/5728.

The Company has entered into an Amended and Restated Options Agreement and a Deed of Assignment and Assumption ("DOAA") with Amery and Curlew to acquire all mineral rights except Beryl Minerals in the Tenement, where Amery had previously entered into an Option Agreement with Curlew ("Option Agreement") to acquire the Tenement and, in effect, that option agreement has been assigned to the Company, on the key terms as follows: The Company will refund Amery $5,000 option fee which has been paid by Amery to Curlew. The Option will expire on 5 February 2023 (Option Period), and the Company will reimburse Amery the costs in relation to the Option Agreement. The Company can exercise the option during the Option Period to acquire 50% ownership of the Tenement including 100% interests of all minerals other than beryl minerals ("Other Minerals Rights") by paying Curlew $150,000 in cash.

Curlew remains 100% interests of beryl rights. The Trigg Hill Project is located in East Pilbara, Western Australia and approx. 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine.

The Trigg Hill mine is an old tantalum and tin mine operated during 1960s and early of 1980s. Significant number of pegmatite outcrops mapped over an area of 3km strike by up to 1.2km in the Trigg Hill Lithium-Tantalum Project including the East Curlew Lithium-caesium-tantalum ("LCT") pegmatite, which extends for at least 1,800m. Rock-chip assays confirm extensive lithium-caesium-tantalum (LCT) pegmatites, with results up to 2.28% Li2O, 1,552ppm Cs2O, and 514ppm Ta2O5 from the Curlew East pegmatite swarm.