Eastern Platinum Limited (JSE:EPS) News - Eastplats announces voting results of its annual general and special meeting of shareholders

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 22, 2022
Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS ANNOUNCES VOTING RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING
                                  OF SHAREHOLDERS

June 22, 2022, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”)
announces the voting results of the Company’s 2022 Annual General and Special Meeting of Shareholders
held on June 21, 2022 (the “Meeting”). A total of 81,269,162 common shares were voted at the Meeting,
representing 58.97% of the votes attached to all the outstanding common shares of the Company.

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

                 Business                     Outcome of           Votes For      Votes        Votes
                                                 Vote                            Against      Withheld
1.    To set the number of Directors           Approved            79,626,484     83,688
                                                                    (99.90%)     (0.10%)

2.    Resolution electing:

          (a) Diana Hu;                        Approved            25,443,954                54,266,218
                                                                    (31.92%)                  (68.08%)
          (b) Michael Cosic;                   Approved            25,439,554                54,270,618
                                                                    (31.92%)                  (68.08%)
          (c) George Dorin;                    Approved            70,441,773                9,268,399
                                                                    (88.37%)                  (11.63%)
          (d) Bielin Shi; and                  Approved            79,652,568                   57,604
                                                                    (99.93%)                   (0.07%)
          (e) Xin (Alex) Guan                  Approved            70,437,873                9,272,299
                                                                    (88.37%)                  (11.63%)
      as directors of the Company.

3.    Resolution appointing                    Approved            81,109,491                  159,671
      PricewaterhouseCoopers LLP,                                   (99.80%)                   (0.20%)
      as auditors of the Company for
      the ensuing year and
      authorizing the directors of the
      Company to fix their
      remuneration.

4.    Resolution approving the                 Approved            73,098,311                 6,611,861
      continuation of the Company’s                                 (91.71%)                   (8.29%)
      Stock Option Plan for a further
      three years.

Based on the voting results, all of the nominees proposed as directors and listed in the management
information circular dated May 6, 2022 (the “Circular”) were elected as directors of Eastplats at the Meeting
in accordance with applicable corporate law.

However, two directors (Diana Hu and Michael Cosic) had more votes withheld than were voted in their
favour of their appointments to the Board. As a result, in accordance with the Company's Majority Voting
Policy (the "Policy"), these two directors have tendered their resignations from the Board of Directors of
the Company (the “Board”), effective upon acceptance by the Board. The Board will refer such resignations
to the Corporate Governance and Compensation Committee (the "Committee") for consideration on
whether or not to accept the resignations submitted by these directors. In accordance with the Policy, the
Board shall accept such resignations unless the Committee determines that there are exceptional
circumstances relating to the composition of the Board or the voting results that should delay the
acceptance of such resignations or justify rejecting such resignations. The Board will issue a news release
with its decision.

At the Meeting, Eastplats’ Stock Option Plan has been authorized for three further years, and the
PricewaterhouseCoopers LLP were also re-appointed as auditors of Eastplats.

For further information, please contact:

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

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

Date: 22-06-2022 08:45:00
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