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

EASTPLATS GRANTS STOCK OPTIONS

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

NEWS RELEASE

EASTPLATS GRANTS STOCK OPTIONS

May 15, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) announces that it has granted 100,000 stock options to an officer of the Company that vest in 90 days. The options were granted for a term of five years and expire on May 14, 2023. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.34.

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 Q1 2018 RESULTS

May 11, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTERN PLATINUM LIMITED REPORTS Q1 2018 RESULTS

May 11, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased to report that it has filed its Q1-2018 condensed interim consolidated financial statements and management’s discussion and analysis for the three month period ended March 31, 2018. Below is a summary of the Company’s financial results and highlights for Q1 2018 (all amounts in USD, except as indicated in South African Rand (“ZAR”)):

  • cash inflow of $3.6 million (ZAR 42.2 million) as an upfront payment from Union Goal Offshore Solution
    Limited (“Union Goal”) in accordance with the UG Agreement (as defined herein) (See March 5, 2018 press
    release);
  • cash and short-term investments of $21.3 million and working capital of $25.6 million at March 31, 2018
    available for completion of the Retreatment Project (as defined herein) and other 2018 operations;
  • capitalized and expended $29.5 million on the Chrome Circuit (as defined herein) and related construction
    activities to further the Retreatment Project (as defined herein) during Q1 2018;
  • net loss of $1.2 million (loss of $0.01 per share) compared with $2.5 million (loss of $0.02 per share) in the
    same period of 2017, an improvement of 52%; and
  • net operating cash flows used during the quarter was $1.4 million compared with $2.3 million in the same
    period of 2017, an improvement of 39%.

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 well underway with the significant components of the chrome processing circuit already imported and at site. Construction teams are well advanced with the civil construction to build the structures for the chrome processing circuit. Work is progressing well at the tailings facility to relocate and move the ore for initial production all within the existing facility. The Company has completed a cost to complete exercise, after contracting almost 80% of Phase 1, and updated the estimated capital requirements for Barplats related to the Retreatment Project at ZAR 191.2 million ($16 million) which is a 16.6% increase over the initial estimate. The schedule remains on track
and the Company is targeting Q3 for commissioning with revenue expected in the fall of 2018.

Operating Highlights and Outlook

Construction of the Retreatment Project has been the primary focus of Eastplats since the UG Agreement was signed. Appropriate resources have been authorized and allocated and management is very pleased with the progress and remains optimistic of delivery on the agreed construction timetable for the chrome operations with the expectation of revenue-producing operations during Q3 2018. The Company anticipates that its updated Platinum Group Metals (“PGM’s”) feasibility studies on its tailings resource at CRM will be completed during the next few months.

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 ANNOUNCES NEW DIRECTOR AND GRANTS STOCK OPTIONS

April 27, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTERN PLATINUM LIMITED ANNOUNCES NEW DIRECTOR AND GRANTS STOCK OPTIONS

April 27, 2018, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) is pleased to announce that Xin (Alex) Guan has agreed to join the board of directors of Eastplats effective April 26, 2018.

Mr. Guan has worked in metals manufacturing and trading for almost 30 years and has significant experience globally including South Africa. Mr. Guan was educated in China, obtaining his bachelor in Management and International Trade from Northeast University and his Masters in Business Administration in 2008 from Tsinghua University.

In connection with Mr. Guan’s appointment and subject to regulatory approval, Mr. Guan has been granted 100,000 stock options that vest in 90 days. The options were granted for a term of five years and expire on April 26, 2023. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.39.

Diana Hu, CEO of Eastern Platinum commented, “The Company is pleased to welcome Alex to our board and I look
forward to working with him as he joins our team.”

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 THE RESIGNATION OF DIRECTOR SHENG (SAM) WANG

March 29, 2018
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS ANNOUNCES THE RESIGNATION OF DIRECTOR SHENG (SAM) WANG

March 29, 2018, Vancouver, British Columbia – Eastern Platinum Limited (the “Company”) announces
the resignation of Sheng (Sam) Wang from the board of directors of the Company with immediate effect
due to his increasing external commitments. George Dorin, Chairman of the Company, stated “The
Company and I wish to thank Sam for his significant contribution to the board of directors during some
challenging times and we all wish him future success.”

For further information, please contact:
EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer
rwallenius@eastplats.com (email)
(604) 800-8200 (phone)

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