EFE 0.00% 0.5¢ eastern resources limited

NEW PROJECT SEARCH AND POTENTIAL ACQUISITIONThe Company is...

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    NEW PROJECT SEARCH AND POTENTIAL ACQUISITION

    The Company is actively reviewing opportunities to acquire an advancedexploration or near-development project. A number of projects havebeen evaluated, and the Company is currently in commercial discussionwith various parties.

    Total exploration and evaluation expenditure for the quarter was$1,000. The cash balance at the end of the quarter was $480,000.
 
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