EASTERN PLATINUM LIMITED - Eastern Platinum Limited grants stock options

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")

Trading Symbol: ELR (TSX); EPS (JSE)

                                    NEWS RELEASE

                    EASTERN PLATINUM LIMITED GRANTS STOCK OPTIONS

Vancouver, British Columbia, July 3, 2024 – Eastern Platinum Limited (TSX: ELR) (JSE: EPS)
("Eastplats" or the "Company") announces that it has granted 4,190,000 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 2, 2029. Each option allows the holder to purchase one common share of
Eastplats at an exercise price of CDN$0.20.

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
from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein
underground section to both produce PGM and chrome concentrates.

For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer & Corporate Secretary
whui@eastplats.com (email)
(604) 568-8200 (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.sedarplus.ca.

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.

3 July 2024

JSE Sponsor
PSG Capital

Date: 03-07-2024 02:45:00
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