Eastern Platinum Limited Secures Credit Facility
1080 - 1188 West Georgia St.
Vancouver, BC Canada V6E 4A2
NEWS RELEASE
EASTERN PLATINUM LIMITED SECURES CREDIT FACILITY
Vancouver, British Columbia , February 6, 2026 – Eastern Platinum Limited (“ Eastplats” or the
“Company”) has secured a credit facility (the “ New Credit Facility ”) with Ka An Development
Co. Limited (the “Lender”) for the value of up to C$1,000,000. This is separate facility in addition
to the previously announced credit facility on November 18, 2025 (together with the New Credit
Facility, the “Credit Facilities”). As of the date of this news release, the total credit available to
the Company taken into account both Credit Facilities is for the value of up to C$2,000,000.
Eastplats intends to use the proceeds f rom the New Credit Facility as working capital to support
the ramp-up of underground production tonnages at the Crocodile River Mine (“CRM”). The New
Credit Facility is subject to acceptance or approval by the Toronto Stock Exchange.
Each advance under the New Credit Facility bears an annual interest rate of 10.25%, representing
the current South African prime lending rate as of the date of this news release. Each such
advance will mature 6 months from the date of issuance unless it is renewed or extended at the
Lender’s discretion.
Eastplats is ramping up its Zandfontein underground mine to target 70,000 tonnes of run-of-mine
(“RoM”) ore per month by the end of 2026.
As the Lender is an insider of the Company , the New Credit Facility constitutes a “related party
transaction” for the purpose of Multilateral Instrument 61 -101 - Protection of Minority Security
Holders in Special Transactions (“MI 61-101”). The Company has relied on the exemptions from
the valuation and minority shareholder approval requirements contained in sections 5.5(b) and
5.7(1)(a) of MI 61-101 in respect of such insider participation, as the fair market value of the
consideration for the Credit Facilities to the Lender is significantly less than 25% of the market
capitalization of the Company.
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 both PGM and chrome concentrates, respectively.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
[email protected] (email)
(604) 568-8200 (phone)
Cautionary Statement Regarding Forward-Looking Information
This news 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,”
“could,” “expects,” “anticipates” and similar expressions. Further disclosure of the risks and uncertainties
facing the Company and o ther forward-looking statements are discussed in the Company’s most recent
Annual Information Form available under the Company’s profile on www.sedarplus.ca.
In particular, this press release contains, without limitation, forward -looking statements pertaining to : the
use of proceeds from the loan, the ramp up of the underground production tonnages at the Crocodile River
Mine and potential improvement of PGM and chrome production results. 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 di ffer materially from the beliefs, plans, objectives, expectations,
estimates and intentions expressed in such forward-looking statements. These factors include, but are not
limited to, unanticipated problems that may arise in the Company’s production proce sses, commodity
prices, lower than expected grades and quantities of resources, need for additional funding and availability
of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition
and regulations, legal proceedings and risks related to operations in foreign countries.
All forward-looking statements in this news release are expressly qualified in their entirety by this cautionary
statement, the “Cautionary Statement on Forward -Looking Information ” section contained in the
Company’s most recent Management’s Discussion and Analysis available under the Company’s profile on
www.sedarplus.ca. The forward-looking statements in this news release are made as of the date they are
given and, except as requi red 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.