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ELR.TO ·

BCSC Revokes Temporary Management Cease Trade Order

Listings & Exchange Regulatory & Compliance

1080 - 1188 West Georgia St.

Vancouver, BC Canada V6E 4A2

NEWS RELEASE

BCSC REVOKES TEMPORARY MANAGEMENT CEASE TRADE ORDER

Vancouver, British Columbia , May 9, 2024 – Eastern Platinum Limited (TSX:

ELR)(JSE:EPS)(“Eastplats” or the “ Company”) is pleased to report that the temporary

management cease trade order announced on April 4, 2024, has been revoked by the

British Columbia Securities Commission and is no longer in effect. As reported on May 3,

2024, Eastplats has completed and filed all late filings.

The Company has adopted polices and procedures to ensure timely filing in the future.

For further information, please contact:

EASTERN PLATINUM LIMITED

Wylie Hui, Chief Financial Officer and Corporate Secretary

[email protected]

(604) 568-8200

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 in this press

release include that proper procedures and processes are in place to avoid future filing

delays. These forward -looking stat ements 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 natur e, 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

expectations and intentions expressed in such forward-looking statements. These factors

include, but are not limited to, regulatory requirements, third -party assessments, and

proper implementation of policies and procedures. All forward-looking statements in this

press release are expre ssly qualified in their entirety by this cautionary statement. 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.