East Star Resources Plc announced that, as a consequence of interest in the Verkhuba copper deposit having been received from several companies, the Company has initiated a formal process including the opening of a data room for a potential joint venture, farm-out, or sale of the Copper Deposit. The process is expected to take several months and will run in parallel with continued preparation for the upcoming field season, beginning with the publication of a maiden JORC Inferred resource. The work programme is anticipated to include drilling, targeting a conversion of the main open pit area to a JORC Indicated resource, further testing the continuity of the primary underground ore bodies, and drilling several exciting geophysical targets in other areas of the licences on the Rudny Altai Volcanogenic Massive Sulphide belt.

There can be no certainty that a Transaction will be concluded; however, given the significant processing infrastructure in the region, the Company is confident of receiving multiple commercial offers.