East Africa Metals Inc. (TSXV:EAM) announces a share repurchase program. Under the bid, the company will repurchase up to 4,000,000 common shares, representing 8% of company's public float as of January 22, 2014. The purchase will be made at the prevailing market price.

The repurchases will be made on the open market through the facilities of the Toronto Stock Exchange Venture Exchange. Shares purchased under the program will be cancelled. The company intends to fund the purchases out of available cash.

The purchase of its common shares may represent an appropriate and desirable use of corporate funds. The bid will expire on January 28, 2015.