Eastern Platinum Limited Clarifies Effective Trading Date for Its Consolidated Common Shares

July 17, 2014 Trading Symbol: ELR (TSX) EPS (JSE)

NEWS RELEASE

EASTERN PLATINUM LIMITED CLARIFIES EFFECTIVE TRADING DATE FOR ITS CONSOLIDATED COMMON SHARES

July 17, 2014, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) (TSX: ELR; JSE: EPS) – Further to its news release of July 14, 2014, the Company wishes to announce that its common shares will now commence trading on the Toronto Stock Exchange on a post split and post consolidated basis at the market opening on Monday July 21, 2014, not Friday July 18, 2014 as previously reported.

Pursuant to a special resolution passed by shareholders on June 12, 2014, the Company effected a consolidation of its common shares on a 1,000 old for 1 new basis (the “Consolidation”) on July 15, 2015. Shareholders holding less than one full share post-Consolidation are entitled to a cash payment of $0.11 per share of their holdings on a pre-Consolidation basis in lieu of a fractional share, such amount being equal to the average weighted trading price of the pre-Consolidated Shares on the TSX for the ten trading days preceding the effective date of the Consolidation. Following the Consolidation, the Company immediately completed a stock split on the basis of 1 old for 100 new, with fractional shares being rounded to the nearest whole number (the “Stock Split”). The Consolidation and Stock Split achieved a 10 to 1 consolidation and eliminated all of the shareholdings of less than 1,000 pre-Consolidation shares in exchange for the cash payment of $0.11 per share.

The Company’s CUSIP and ISIN numbers have changed to 276855509 and CA2768555096, while the trading symbol remains unchanged.

For further information, please contact:

EASTERN PLATINUM LIMITED Ian Rozier, President and CEO +1-604-685-6851 (tel)

+1-604-685-6493 (fax)

[email protected] www.eastplats.com

JSE SPONSOR:

Johan Fourie PSG Capital (Pty) Limited Email: [email protected] Tel: +27 21 887 9602

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.