Eastern Platinum Limited (JSE:EPS) News - Eastern Platinum Limited grants stock options

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”)

July 8, 2022
Trading Symbol: ELR (TSX); EPS (JSE)

                                                NEWS RELEASE

                        EASTERN PLATINUM LIMITED GRANTS STOCK OPTIONS

July 8, 2022 Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”)
announces that it has granted 1,870,000 stock options to directors, officers, and employees of the Company
that vest in 90 days. The options were granted for a term of five years and expire on July 6, 2027. Each
option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.23.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of platinum group metal (“PGM”) and chrome assets in the
Republic of South Africa. All of the Company’s properties are situated on the western and eastern limbs 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 & 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”, “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
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 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

Date: 08-07-2022 08:45:00
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