EASTPLATS ANNOUNCES FIRST SHIPMENT OF CHROME CONCENTRATE

February 11, 2019
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS ANNOUNCES FIRST SHIPMENT OF CHROME CONCENTRATE FROM
BARPLATS ZANDFONTEIN UG2 TAILINGS RETREATMENT OPERATIONS

February 11, 2019, Vancouver, British Columbia – Eastern Platinum Limited and its subsidiary Barplats Mines (Pty) Limited (collectively called “Eastplats” or the “Company”) is pleased to announce that the Company has made its first shipment, totaling 10,000 tons of chrome concentrate from its newly constructed chrome retreatment facility in South Africa.

As announced on December 18, 2018, the chrome processing circuit installed at the Barplats Zandfontein UG2 tailings retreatment facility is being commissioned during an operational start-up.

In further developments, the Company is pleased to report that Alpha Global Capital, Inc. (“Alpha Global”) has filed a notice of withdrawal in relation to its claim initiated against the Company in South Africa (See News Release of March 20, 2017 and Management Discussion and Analysis of September 30, 2018). The Company will be seeking to recover from Alpha Global a portion of the costs the Company has incurred in responding to the claim.

As well, further to the Company’s News Release of November 9, 2018 announcing that the Company had received a petition filed with the Supreme Court of British Columbia seeking leave to commence a derivative action on behalf of the Company against certain of its current and former directors, the Special Committee of the Board of Directors completed its review of the allegations and recommended the Company should vigorously oppose the petition. In early 2019, the Company formally filed its response, seeking the dismissal of the petition as well as special costs against the petitioner.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTERN PLATINUM FIRST CHROME CONCENTRATE

December 18, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS ANNOUNCES FIRST CHROME CONCENTRATE AT ITS BARPLATS
ZANDFONTEIN UG2 TAILINGS RETREATMENT OPERATIONS

December 18, 2018, Vancouver, British Columbia – Eastern Platinum Limited and its subsidiary Barplats Mines (Pty) Limited (collectively called “Eastplats” or the “Company”) is very pleased to announce that the Company has commenced commissioning its newly constructed chrome plant and the Chrome Circuit produced its first chrome concentrate.

The chrome processing circuit, related technology and knowhow (the “Chrome Circuit”), in conjunction with the re-mining of the Barplats Zandfontein UG2 tailings (“Retreatment Operations”), are located at the Crocodile River Mine in South Africa. All site teams are now mobilized and in place to continue commissioning and initial pre-operations with the intention to move towards full-scale production following completion of all commissioning. The Company targets commercial production in early 2019 with the expectation to ramp-up to full commercial production during Q2 2019.

Diana Hu, CEO commented, “Achievement of this major milestone is the culmination of the combined energies of our team over the past several years resulting in a highly productive 2018 for Eastplats. Rebounding from the past 5 years in care and maintenance, I am so pleased to be working with such a dedicated group and look forward as the Company is on the verge of generating production revenue once again, realizing a tremendous opportunity to create value for all our stakeholders.”

Construction of the Retreatment Project

As previously disclosed, on March 1, 2018, the Company and its subsidiary Barplats Mines (Pty) Limited (“Barplats”) entered into a framework agreement (the “UG Agreement”) with Union Goal relating to construction, remining and processing of the tailings resource and offtake of chrome concentrate from Barplats’ tailings facility (the “Retreatment Project”) located at the Company’s Crocodile River Mine in South Africa (“CRM”). During the quarter the Company continued to focus its resources and efforts to complete the construction phase of the Retreatment
Project. The Company is now preparing for commissioning, production and active operations. Commissioning is estimated to begin shortly on the Retreatment Project. The Chrome plant water commissioning is scheduled to begin during November 2018 followed by the introduction of slurry into the Chrome plant. Ore production will ramp up during the start-up period in December 2018. The tailings infrastructure has been completed and is ready to deliver slurry to the Chrome plant and separately to accept tailings disposition as needed from the operations. As with all commissioning and start-ups, many uncertain and unknown issues can arise and the timing is uncertain. Eastplats anticipates the Retreatment Project will result in revenue producing operations through offtake of the chrome concentrates to Union Goal during Q4 2018.

The Company has spent $14,678 to September 30, 2018 with an estimated $3,853 remaining to complete the Retreatment Project and bring it into revenue generating operations.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTERN PLATINUM LIMITED REPORTS Q3 2018 RESULTS

November 14, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTERN PLATINUM LIMITED REPORTS Q3 2018 RESULTS

November 14, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) ispleased to report that it has filed its Q3-2018 condensed interim consolidated financial statements and management’s discussion and analysis for the three and nine month periods ended September 30, 2018. Below is a summary of theCompany’s financial results and highlights for Q3 2018 (all amounts in USD, except as indicated in South African Rand (“ZAR”)):

  • cash inflow during the quarter of $0.5 million (ZAR 6.5 million) as a construction loan from Union Goal
    Offshore Solution Limited (“Union Goal”) in accordance with the UG Agreement (as defined herein);
  • cash and short-term investments of $7.5 million and working capital of $9.0 million as at September 30, 2018
    available for completion of the Retreatment Project (as defined herein) and other 2018 operations;
  • capitalized and expended $15.7 million on the Chrome Circuit (as defined herein) and related construction
    activities to further the Retreatment Project (as defined herein) during Q3 2018;
  • net loss of $3.0 million (loss of $0.03 per share) compared with $2.1 million (loss of $0.02 per share) in the
    same period of 2017; however, the loss included a foreign exchange loss of $1.2 million in Q3 2018 compared
    to $0.6 million in the same period of 2017; and
  • net operating cash flows used during the quarter was $4.7 million compared with $2.4 million used during
    the same period of 2017.

Construction of the Retreatment Project

As previously disclosed, on March 1, 2018, the Company and its subsidiary Barplats Mines (Pty) Limited (“Barplats”) entered into a framework agreement (the “UG Agreement”) with Union Goal relating to construction, remining and processing of the tailings resource and offtake of chrome concentrate from Barplats’ tailings facility (the “Retreatment Project”) located at the Company’s Crocodile River Mine in South Africa (“CRM”). During the quarter the Company continued to focus its resources and efforts to complete the construction phase of the Retreatment
Project. The Company is now preparing for commissioning, production and active operations. Commissioning is estimated to begin shortly on the Retreatment Project. The Chrome plant water commissioning is scheduled to begin during November 2018 followed by the introduction of slurry into the Chrome plant. Ore production will ramp up during the start-up period in December 2018. The tailings infrastructure has been completed and is ready to deliver slurry to the Chrome plant and separately to accept tailings disposition as needed from the operations. As with all commissioning and start-ups, many uncertain and unknown issues can arise and the timing is uncertain. Eastplats anticipates the Retreatment Project will result in revenue producing operations through offtake of the chrome concentrates to Union Goal during Q4 2018.

The Company has spent $14,678 to September 30, 2018 with an estimated $3,853 remaining to complete the
Retreatment Project and bring it into revenue generating operations.

Operating Highlights and Outlook

During 2018 the Company has focused on the construction of the Retreatment Project and is now about to commission the project. The Company and UG are focused to ensure the Retreatment Project is brought into full operations as quickly as is reasonable. Other projects have been placed on hold and all appropriate resources have been authorized and allocated to achieve revenue-producing operations as targeted in Q4 2018.

The Company has filed the following documents, all of which are available under the Company’s profile on SEDAR
at www.sedar.com:

  • Transactional Agreements signed as part of the completion of the condition’s precedent under the UG
    Agreement;
  • Condensed interim consolidated financial statements for the three and nine months ended September 30,
    2018; and
  • Management’s discussion and analysis for the three and nine months ended September 30, 2018.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTPLATS RECEIVES PETITION SEEKING LEAVE TO COMMENCE A DERIVATIVE ACTION

November 9, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS RECEIVES PETITION SEEKING LEAVE TO COMMENCE A DERIVATIVE ACTION

November 9, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) announces that it has received a petition filed with the Supreme Court of British Columbia, by 2538520 Ontario Limited, a shareholder of the Company, seeking leave from the court to commence a derivative action on behalf of the Company against certain of its current and former directors in relation to the approval of the transactions between the Company and Union Goal Offshore Solutions Limited (See News Release of March 5, 2018). The Board of the Company has formed a Special Committee of three non management Directors to review the petition and make a recommendation on the appropriate action.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTPLATS ANNOUNCES FINALIZATION

September 4, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS ANNOUNCES FINALIZATION OF THE CONDITIONS PRECEDENT OF THE UNION GOAL OFFSHORE SOLUTION LIMITED FRAMEWORK AGREEMENT REGARDING THE CONSTRUCTION, MINING, PROCESSING AND SUBSEQUENT RECOVERY OF CHROME CONCENTRATE FROM THE BARPLATS ZANDFONTEIN UG2 TAILINGS FACILITY

September 4, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) and its subsidiary Barplats Mines (Pty) Limited (“Barplats”) are pleased to announce they have satisfied all the conditions precedent regarding the Framework Agreement (See News Release of March 5, 2018) with Union Goal Offshore Solution Limited (“Union Goal”). The Framework Agreement provides for the construction, mining and processing of the tailings resource, and the subsequent offtake of chrome concentrate from, the Barplats Zandfontein UG2 tailings facility (“Retreatment Project”) located at the Crocodile River Mine in South Africa.

The conditions precedent included amongst other agreed requirements, the securing of the now nonrefundable upfront payment of ZAR 42.2 million paid to Barplats and the signing of the:

  • Offtake Agreement;
  • Equipment and Chrome Plant Agreement;
  • Escrow Agreement; and
  • Loan Agreement.

The Company continues the construction phase of the Retreatment Project with the expected completion date estimated at the end of Q3 2018 followed immediately by commissioning.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTERN PLATINUM LIMITED REPORTS Q2 2018 RESULTS

August 15, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTERN PLATINUM LIMITED REPORTS Q2 2018 RESULTS

August 15, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased to report that it has filed its Q2-2018 condensed interim consolidated financial statements and management’s discussion and analysis for the three and six month periods ended June 30, 2018. Below is a summary of the Company’s financial results and highlights for Q2 2018 (all amounts in USD, except as indicated in South African Rand (“ZAR”)):

  • cash inflow during the quarter of $0.9 million (ZAR 12.0 million) as a construction loan from Union Goal
    Offshore Solution Limited (“Union Goal”) in accordance with the UG Agreement (as defined herein);
  • cash and short-term investments of $18.4 million and working capital of $18.5 million as at June 30, 2018
    available for completion of the Retreatment Project (as defined herein) and other 2018 operations;
  • capitalized and expended $8.3 million on the Chrome Circuit (as defined herein) and related construction
    activities to further the Retreatment Project (as defined herein) during Q2 2018;
  • net loss of $4.2 million (loss of $0.04 per share) compared with $2.2 million (loss of $0.02 per share) in the
    same period of 2017; however, the loss included a foreign exchange loss of $2.2 million in Q2 2018 compared
    to $0.3 million in the same period of 2017; and
  • net operating cash flows received during the quarter was $3.4 million compared with $1.6 million used during
    the same period of 2017.

Construction of the Retreatment Project

As previously disclosed, on March 1, 2018, the Company and its subsidiary Barplats Mines (Pty) Limited (“Barplats”) entered into a framework agreement (the “UG Agreement”) with Union Goal relating to construction, mining and processing of the tailings resource and offtake of chrome concentrate from Barplats’ tailings facility (the “Retreatment Project”) located at the Company’s Crocodile River Mine in South Africa (“CRM”). Construction of the Retreatment Project is going well and all significant items required for the Chrome Circuit completion and commissioning are now at site and completion of the form structures continues. The tailings facility is progressing well and updated dam construction continues on schedule. Construction is currently estimated to be completed before the end of Q3 2018 immediately followed by commissioning. Eastplats anticipates the Retreatment Project will result in revenue producing operations through offtake of the chrome concentrates to Union Goal during Q4 2018.

The Company has spent $6,475 to June 30, 2018 on the project which is almost 60% of the estimated costs before operations for Barplats related to the Retreatment Project.

Operating Highlights and Outlook

Construction of the Retreatment Project remains the primary focus of Eastplats since the UG Agreement was signed. Other projects have been placed on hold and all appropriate resources have been authorized and allocated for project completion. Management is focused on continued progress based on the agreed construction timetable for the chrome operations. Revenue-producing operations are targeted for Q4 2018.

The Company has filed the following documents, all of which are available under the Company’s profile on SEDAR at www.sedar.com:

  • Condensed interim consolidated financial statements for the three and six months ended June 30, 2018; and
  • Management’s discussion and analysis for the three and six months ended June 30, 2018.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTPLATS PROVIDES A CORPORATE UPDATE

July 26, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS PROVIDES A CORPORATE UPDATE

JULY 26, 2018, Vancouver, British Columbia – Eastern Platinum Limited (the “Company”) provides the following update on its current activities.

Management Reorganization

The Company has received notice that Anton Lubbe, Vice President of its South African operations intends to resign effective August 31, 2018. Diana Hu, CEO of the Company commented, “we appreciate the work and significant contribution Mr. Lubbe made in seeing the Company through its care and maintenance phase and we wish him success
in his future endeavours.”

The Company will reorganize Mr. Lubbe’s duties between Diana Hu, CEO, Andrea Zhang, COO and through the promotion of Hannelie Hanson to General Manager of South African Operations. Ms. Hanson has been with the Company’s South African Operations since 2012 and has extensive operational experience with Anglovaal Mining Limited and Lonmin, PLC over the past 20 years. Ms. Hanson holds a bachelor of Science with honours, a Master of Engineering and a Masters of Business Administration degree and has been integrally involved in the technical details of all current projects and has worked closely with management since 2016 as we have begun our plan to transition from care and maintenance. Ms. Hu, CEO stated “I am very pleased to promote someone as qualified as Ms. Hanson to oversee and lead our transition to operations, which will include additional recruitment, and look forward to continuing our successful working relationship.”

Construction of the Retreatment Project

As previously disclosed, on March 1, 2018, the Company and its subsidiary, Barplats Mines (Pty) Limited (“Barplats”), entered into a framework agreement (the “UG Agreement”) with Union Goal Offshore Solutions Limited (“Union Goal”) relating to construction, mining and processing of the tailing resource and offtake of chrome concentrate from the Barplats Zanfontein UG2 tailings facility (the “Retreatment Project”) located at the Company’s Crocodile River Mine in South Africa (“CRM”). The Company and Union Goal have extended the completion of all
the conditions precedent of the UG Agreement until August 31, 2018. The Company continues the construction phase of the Retreatment Project with the expected completion date estimated at the end of Q3 2018. Construction work on the chrome processing circuit continues and significant construction milestones have been met. Progress continues on schedule at the tailings facility to prepare for the mining phase and excellent progress has been achieved on building the walls for the deposition of tailings with the target for initial production as early as the fall of 2018.

Alpha Global Capital Inc. litigation

Due to inaction and delay by Alpha Global Capital Inc. (“Alpha Global”) on its claim initiated against the Company in South Africa (See News Release of March 20, 2017 and Management Discussion and Analysis of March 31, 2018), the Company has been advised that the matter has now been removed from the court roll for a hearing that had been scheduled for September 2018. There is currently no date scheduled for this action. The Company will continue to oppose any attempt for reinstatement and will seek to have the claim struck and dismissed. The Company has recently received notice of a further claim filed by Alpha Global in the British Virgin Islands seeking repayment of amounts Alpha Global alleges are owed to it under the same 2007 agreement that was the basis of its South African claim. Alpha Global is seeking payment of an amount of ZAR 30,797,464 (US$ 2,296,604 at current exchange rates) plus an amount it alleges is owing for default interest, for a total claim of ZAR 142,886,964 (US$ 10,655,255).

Alpha Global’s claims arise under an agreement entered into in 2007 in connection with the Company’s acquisition of an additional 5% interest in Barplats Investments Limited (which indirectly holds the Crocodile River Mine in South Africa). Under that agreement, Alpha Global was to receive the above additional amount if the Company subsequently completed a “Fundamental Transaction”. Alpha Global is now seeking payment of that amount plus default interest and other relief in connection with that agreement.

The Company is of the view that no amount is currently owing to Alpha Global and as a result it is not entitled to any
remedy in connection with its alleged claim. The Company will take steps to oppose the claim.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTPLATS ANNOUNCES VOTING RESULTS

June 15, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS ANNOUNCES VOTING RESULTS OF THE ANNUAL GENERAL MEETING OF
SHAREHOLDERS AND A CONSTRUCTION UPDATE

June 15, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased to announce that all of the nominees proposed as directors and listed in the management information circular dated May 10, 2018 (the “Circular”) were elected as directors of Eastplats at its annual general meeting of shareholders held on June 14, 2018 (the “Meeting”). At the Meeting, PricewaterhouseCoopers LLP were also reappointed as auditors of Eastplats.

Detailed results of the vote for the election of directors held at the Meeting are set out below:

 

Business Outcome of Vote Votes For Votes Withheld
Resolution electing:
(a) Diana Hu; Approved 52,085,543
(99.95%)
24,447
(0.05%)
(b) Michael Cosic; Approved 52,085,601
(99.95%)
24,389
(0.05%)
(c) George Dorin; Approved 52,087,236
(99.96%)
22,754
(0.04%)
(d) Bielin Shi; Approved 52,080,850
(99.94%)
29,140
(0.06%)
(e) Nigel K. Dentoom; and Approved 52,087,336
(99.96%)
22,654
(0.04%)
(f) Xin (Alex) Guan Approved 52,081,685
(99.95%)
28,305
(0.05%)

as directors of the Company.

Construction of the Retreatment Project

As previously disclosed, on March 1, 2018, the Company and its subsidiary Barplats Mines (Pty) Limited (“Barplats”) entered into a framework agreement (the “UG Agreement”) with Union Goal Offshore Solutions Limited (“Union Goal”) relating to construction, mining and processing of the tailing resource and offtake of chrome concentrate from the Barplats Zanfontein UG2 tailings facility (the “Retreatment Project”) located at the Company’s Crocodile River Mine in South Africa (“CRM”). The Company and Union Goal have extended the completion of all the conditions precedent of the UG Agreement until July 15, 2018.

The Company continues the construction phase of the Retreatment Project with the expected completion date estimated at the end of Q3 2018. Construction work on the chrome processing circuit continues to progress well while work continues on schedule at the tailings facility to prepare for the mining phase and good progress continues on building the walls for the deposition of tailings with the target for initial production remaining the fall of 2018. The estimated total capital requirements for Barplats in relation to the Retreatment Project remain at ZAR
191,242,000 (US$14,389,000) with costs in the amount of ZAR32,759,000 (US$ 2,465,000) incurred to May 31,
2018.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTERN PLATINUM LIMITED INITIATES LITIGATION

June 7, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTERN PLATINUM LIMITED INITIATES LITIGATION

June 7, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) announces that it along with Eastplats Acquisition Co. Ltd, and Eastern Platinum Holdings Limited (collectively, along with Eastplats, the “Eastplats Companies”) has filed notices of civil claim related to two separate actions in the British Columbia Supreme Court.

The first claim is brought against Serina Services AG (“Serina”) and Ingwenya Incorporated (“Ingwenya”) in relation to the payment of the $13,666,609 USD to them from the Eastplats Companies. The claim alleges that the agreements between those corporations and the Eastplats Companies are not binding, that the funds were not properly received by them, are an unjust enrichment to them and should be returned.

The second claim is brought against certain former officers and directors of Eastplats. It alleges that the former officers and directors purported to enter into agreements with Serina and Ingwenya on behalf of the Eastplats Companies pursuant to which $13,666,609 USD was transferred to Serina and Ingwenya without consideration, without conditions precedent for delivery of the funds being met, and without any apparent benefit to the Eastplats Companies. The Eastplats Companies are seeking damages from the former directors and officers on a number of legal grounds.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

EASTERN PLATINUM LIMITED INITIATES LITIGATION

June 7, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTERN PLATINUM LIMITED INITIATES LITIGATION

June 7, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) announces that it along with Eastplats Acquisition Co. Ltd, and Eastern Platinum Holdings Limited (collectively, along with Eastplats, the “Eastplats Companies”) has filed notices of civil claim related to two separate actions in the British Columbia Supreme Court.

The first claim is brought against Serina Services AG (“Serina”) and Ingwenya Incorporated (“Ingwenya”) in relation to the payment of the $13,666,609 USD to them from the Eastplats Companies. The claim alleges that the agreements between those corporations and the Eastplats Companies are not binding, that the funds were not properly received by them, are an unjust enrichment to them and should be returned.

The second claim is brought against certain former officers and directors of Eastplats. It alleges that the former officers and directors purported to enter into agreements with Serina and Ingwenya on behalf of the Eastplats Companies pursuant to which $13,666,609 USD was transferred to Serina and Ingwenya without consideration, without conditions precedent for delivery of the funds being met, and without any apparent benefit to the Eastplats Companies. The Eastplats Companies are seeking damages from the former directors and officers on a number of legal grounds.

For further information, please contact:

EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer and Corporate Secretary
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forwardlooking
statements include, without limitation, forecasts, estimates, expectations and objectives for future operations
that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the
Company. Forward-looking statements are statements that are not historical facts and are generally, but not always,
identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and similar
expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking
statements are discussed in the Company’s Annual Information Form and Management’s Discussion and Analysis
which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the vesting and expiry of stock
options issued by the Company. These forward-looking statements are based on assumptions made by and information
currently available to the Company. Although management considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements
involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a
number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal proceedings and
risks related to operations in foreign countries.

The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any forwardlooking
statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES