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ELR.TO ·

Eastern Platinum Limited Announces New Director

Management Changes

1080 - 1188 West Georgia St.

Vancouver, BC Canada V6E 4A2

NEWS RELEASE

EASTERN PLATINUM LIMITED ANNOUNCES NEW DIRECTOR

Vancouver, British Columbia, May 2 , 2025 – Eastern Platinum Limited (TSX: ELR)(JSE:

EPS)(“Eastplats” or the “Company”) is pleased to announce that Eason Cong Chen has joined

the board of directors of Eastplats effective May 1, 2025.

Mr. Chen is a Canadian Chartered Professional Accountant (“CPA”) with over 20 years of

experience in accounting, finance, operations, mergers and acquisitions, and management

reporting, with a strong focus on the mining industry. He served on the board and audit committee

of a Canadian copper producer for over 10 years, including more than one year as Chief Financial

Officer. Mr. Chen is currently a partner at a U.S. CPA firm that specializes in the audit of publicly

listed companies in both Canada and the United States. His areas of expertise include IFRS and

U.S. GAAP financial reporting, internal controls over financial reporting, and corporate

governance. Mr. Chen brings a strong combination of technical knowledge and executive

leadership to the board, with a proven track record of driving financial performance and strategic

execution in the resource sector.

Wanjin Yang, CEO and President of Eastplats commented, “The Company is pleased to welcome

Eason to our board and I look forward to working with him as he joins our team.”

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 mining and processing ore from the

Zandfontein underground section to produce PGM and chrome concentrates, respectively.

For further information, please contact:

EASTERN PLATINUM LIMITED

Wylie Hui, Chief Financial Officer and Corporate Secretary

[email protected]

(604) 568-8200

No stock exchange, securities commission or other regulatory authority has approved or

disapproved the information contained herein.