Eastern Platinum Limited to Restart Operations Unde R Essential Services Order Issued BY the Government O F South Africa
1080 - 1188 West Georgia St.
Vancouver, BC Canada V6E 4A2
April 8, 2020
NEWS RELEASE
EASTERN PLATINUM LIMITED TO RESTART OPERATIONS UNDE R
ESSENTIAL SERVICES ORDER ISSUED BY THE GOVERNMENT O F SOUTH AFRICA
April 8, 2020, Vancouver, British Columbia – Easter n Platinum Limited (“ Eastplats ” or the “ Company ”) is pleased
to report that the Director General Mineral Resources of South Africa issued an essential services order (the “ Order ”)
pursuant to which it has authorized Eastplats’ subsidiary, Barplats Mines (Pty) Ltd. (“ Barplats ”), to operate its tailings
retreatment project located at the Crocodile River Mine (the “ Retreatment Project ”) at a reduced capacity and to
transport and export the Chrome concentrate produce d by the Retreatment Project.
Barplats has reviewed and updated its start up plan s to be consistent with the Order, based on a signi ficantly reduced
work force, and will immediately implement a phased restart.
The Company remains committed to the Government of South Africa’s direction to prevent the risk of spr ead of
COVID-19. Eastplats has produced risk assessments and adopted appropriate procedures to maintain a safe workplace
for its employees and the communities in which it o perates.
The effects of COVID-19 are changing rapidly and th e Company cannot reasonably estimate at this time t he impact
of COVID-19 or the lockdown imposed by the Governme nt of South Africa, currently scheduled to end at m idnight
April 16, 2020, both of which could have material adverse effects on the Company’s business, liquidity and cashflows.
For further information, please contact:
EASTERN PLATINUM LIMITED
Rowland Wallenius, Chief Financial Officer
[email protected] (email)
(604) 800 -8200 (phone)
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statem ents” or “forward-looking information” (collectivel y referred to herein as
“ forward-looking statements ”) within the meaning of applicable securities legislation. Such forward-looking statements include,
without limitation, forecasts, estimates, expectati ons and objectives for future operations that are s ubject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-lo oking statements are
statements that are not historical facts and are ge nerally, but not always, identified by the words “w ill”, “plan”, “intends”, “may”,
“will”, “could”, “expects”, “anticipates” and simil ar expressions. Further disclosure of the risks and uncertainties facing the
Company and other forward-looking statements are di scussed in the Company’s most recent Annual Informa tion Form available
under the Company’s profile on www.sedar.com.
In particular, this press release contains, without limitation, forward-looking statements pertaining to: the restart of the operations
at the Retreatment Project; the Company’s ability t o maintain a safe workplace for its employees; the lockdown imposed by the
Government of South Africa; the effect of the Order ; and any future measured taken by the Government o f South Africa. These
forward-looking statements are based on assumptions made by and information currently available to the Company. Although
management considers these assumptions to be reason able based on information currently available to it , they may prove to be
incorrect. By their very nature, forward-looking s tatements involve inherent risks and uncertainties and readers are cautioned not
to place undue reliance on these statements as a nu mber of factors could cause actual results to diffe r 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 our production processes, 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 press releas e 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 Ma nagement’s
Discussion and Analysis available under the Company’s profile on www.sedar.com. 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, w hether as a result of new
information, future events or otherwise.
No stock exchange, securities commission or other r egulatory authority has approved or disapproved the
information contained herein.
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROU GH U.S. NEWSWIRE SERVICES