Equatorial Resources Limited (Equatorial or Company) announced that it has entered into a strategic alliance agreement with Rock Mining SARL (Rock Mining) to advance the development of the Company's Badondo Iron Project (Badondo) in the Republic of Congo (ROC). Rock Mining is a Congolese company whose management has strong regional business and government relationships and considerable experience in the mining industry in the ROC. The strategic alliance is focused on the advancement of Badondo via securing a valid Mining Licence for the project and progressing the opportunities for regional collaboration that will enable the financing of a future mining operation at Badondo as well as access to the transport infrastructure required. Equatorial continues to work with the ROC Government with the aim of securing the Badondo Mining Licence. Subsequent to recent meetings in Brazzaville, ROC, the Company has submitted additional information requested by the ROC Mining Ministry to support the previously submitted Badondo Mining Licence Application (MLA).