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”)

June 30, 2022
Trading Symbol: ELR (TSX); EPS (JSE)

                                             NEWS RELEASE

         EASTPLATS ANNOUNCES APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER

Eastern Platinum Limited’s (“Eastplats” or the “Company”) Board of Directors of the Company (the “Board”)
is pleased to announce that it has appointed Mr. Wanjin Yang as the Company’s Chief Executive Officer,
effective immediately. Mr. Yang is a senior exploration geologist with over 30 years’ of experience in major
mineral exploration projects, corporate management, and corporate development. He previously was the
Project Geologist at Whitehorse Gold Corp. working on its mineral exploration projects, new project
acquisitions, and other corporate development work. Mr. Yang replaces Ms. Diana Hu, who has left the
Company to pursue other endeavours.

Mr. George Dorin, Eastplats’ Chairman stated, “We are pleased to appoint Mr. Yang to lead the team as
management executes the plan to re-start underground operations at the Zandfontein section of the
Crocodile River Mine in South Africa. We look forward to working with Mr. Yang and hearing about his
vision for the Company.”

Mr. Dorin further commented, “We thank Diana for her significant contributions as Chief Executive Officer
over the past 6 years and wish her the very best in her new ventures.”

The Company also announces that Mr. Andrea Zhang has transitioned to a Vice-President role after serving
as Chief Operating Officer.

For further information, please contact:
 EASTERN PLATINUM LIMITED
 Wylie Hui, Chief Financial Officer and Corporate Secretary
 whui@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”,
“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, without limitation, forward-looking statements pertaining to: the
ability of the Company to restart Zandfontein underground mining, to do so in 2022 and the potential
contributions of Mr. Yang as Chief Executive Officer. 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, unanticipated problems that may arise in the Company’s production processes, commodity
prices, lower than expected grades and quantities of resources, need for additional funding and availability
of such additional funding on acceptable terms, 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.

JSE Sponsor
PSG Capital