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 TO HOST INVESTOR WEBINAR

VANCOUVER, British Columbia, October 16, 2023 - Eastern Platinum Limited (“Eastplats” or
the “Company”) is pleased to invite all shareholders, investors and analysts to join a webinar to be
hosted by the Company on Wednesday, November 22, 2023 at 1:00 p.m. PT / 4:00 p.m. ET.

The webinar will be facilitated by Wanjin Yang, CEO, and Wylie Hui, CFO, who will present a corporate
and operational update, including development plans for Eastplats’ Zandfontein underground section
located at the Crocodile River Mine, and upcoming catalysts.

Following the presentation Eastplats will respond to investor questions during a Q&A session. A
recorded version of this webinar will be available on November 29, 2023, on the Eastplats website.

Investors who wish to submit questions ahead of the webinar, may do so by emailing their questions to
ir@eastplats.com.

For       more      information      or      to      register      for      this      event,      visit:
https://www.eastplats.com/investors/presentations/2023/.

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 (Crocodile River Mine) and
eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of 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.

For further information, please contact:

EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
E: whui@eastplats.com
T: (604) 800-8200
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.

In particular, this press release contains forward-looking statements pertaining to: the timing and actions
of 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.

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.

The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE
Limited.

16 October 2023

JSE Sponsor
PSG Capital