EASTERN RESOURCES LIMITED — Regulatory Filings 2014

Jan 20, 2014

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----- Start of picture text ----- ASX Announcement – 21 January 2014----- End of picture text -----

Victorian Government establishes permitting requirements for Nowa Nowa Iron Project

Eastern Iron (ASX: EFE) has been advised by the Victorian Minister for Planning of the requirements for an Environmental Effects Statement (EES) pursuant to the Environmental Effects Act (1978) for the Nowa Nowa Iron Project.

The EES approval process is a one-stop-shop permitting approach, which includes all planning and operating license requirements for the development and operation of the project.

Planning, assessment and permitting for the Nowa Nowa project is now well advanced and the Company, in cooperation with Government officers overseeing the process, is working to a timetable that should see the EES submitted for a decision for approval by the Minister by the end of 2014. Eastern Iron has advanced activity that will assist the timely completion of the EES, including:

• Mining Licence application submitted in September 2013

• Commencement of public consultation process as part of mining licence approval

• Project consent deed signed in December 2013 with GLaWAC, the native title holding body for the Gunaikurnai People of Gippsland

• Environmental baseline investigations ongoing as part of Definitive Feasibility Study

Eastern Iron Managing Director, Greg De Ross, said: “This decision is the latest important step in advancing the project towards development and the Company is focussed on completing the necessary requirements to submit the EES in this calendar year.

“This timeframe is in alignment with the approval for the Mining Licence application so the Company is confident that there will be minimal impact to the development and production timeline for the Nowa Nowa Project.”

INVESTOR INFORMATION

Eastern Iron is investigating the potential for development of a high grade magnetite resource at Nowa Nowa in Eastern Victoria as well as a magnetite processing operation based on magnetite deposits it holds under permit in Central Queensland.

Further information, previous Eastern Iron announcements and exploration updates are available at the News and Reports tab on the Company’s website – www.easterniron.com.au

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Mr Greg De Ross Managing Director Mob: 0417 711 274

ASX: EFE

For enquiries on your shareholding or change of address please contact: Boardroom Limited GPO Box 3993, Sydney NSW 2001 Phone: (02) 9290 9600

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