Ann: Response to ASX Price Query, page-18

ASX PRICE QUERY
1. Eastern Iron is not aware of any information concerning it that has not been
announced to the market, that would if known by someone in the market, explain the
recent trading in its securities.
2. NA.
3. Eastern Iron has no other explanation.
4. The Company refers to its ASX announcement of 6 September 2021 and advises that:
4.1 There is no specific term for the MOU.
4.2 Both parties will contribute to the costs of the Trigg Hill Lithium Tantalum
Project (if acquired) and any further joint venture projects on a pro rata basis.
Eastern Iron will be the manager of all joint venture projects.
4.3 Other than the Trigg Hill Lithium Tantalum Project, which if acquired by the
Company and following the definition of an initial exploration target will become
part of a joint venture with Yahua, there are no specific assets or projects that
the Partnership intends to acquire now or in the future.

Too many ifs