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EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768555096
Share Code JSE: EPS ISIN: CA2768555096
(“Eastplats” or the “Company”)
Trading Symbol: ELR (TSX); EPS (JSE)
NEWS RELEASE
EASTERN PLATINUM LIMITED ANNOUNCES WHISTLEBLOWER ALLEGATIONS AND
FORMATION OF SPECIAL COMMITTEE
April 24, 2023, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the
“Company”) announced that its Board of Directors (the “Board”) has received unproven
whistleblower allegations, including allegations of undisclosed related party transactions
pertaining to the sale of chrome concentrate at discounted prices (the “Allegations”).
The Board has determined that it is in the best interests of the Company to form a special
committee (the “Committee”) consisting of two independent directors, George Graham Dorin and
Xin (Alex) Guan. The Committee will be responsible, together with independent counsel retained
by the Committee, for conducting an investigation, review and analysis of the Allegations and if
deemed appropriate will provide recommendations to the Board on any necessary steps to be
taken in connection with the Allegations.
About Eastern Platinum Limited
Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of
South Africa. All of the Company’s properties are situated on the western limb of the Crocodile
River Mine and eastern limb of Kennedy’s Vale, Spitzkop and Mareesburg projects within the
Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-
bearing ore.
Operations at the Crocodile River Mine currently include re-mining and processing its tailings
resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.
www.eastplats.com
For further information, please contact:
EASTERN PLATINUM LIMITED
George Dorin, Chairman of the Special Committee
gdorin@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 forward-looking 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 most
recent Annual Information Form available under the Company’s profile on www.sedar.com.
All forward-looking statements in this press release are expressly qualified in their entirety by this
cautionary statement, the “Cautionary Statement on Forward-Looking Information” section
contained in the Company’s most recent Management’s Discussion and Analysis available under
the Company’s profile on www.sedar.com. 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, and does not undertake, to update or revise any
forward-looking 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
The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on
the JSE Limited.
25 April 2023
JSE Sponsor
PSG Capital
