Eastern Platinum Limited’S Operations IN South Africa to Temporarily Close
1080 - 1188 West Georgia St.
Vancouver, BC Canada V6E 4A2
March 25, 2020
NEWS RELEASE
EASTERN PLATINUM LIMITED’S OPERATIONS IN SOUTH AFRICA TO TEMPORARILY CLOSE
EFFECTIVE MARCH 27, 2020 TO COMPLY WITH THE SOUTH AFRICAN 21 DAY LOCKDOWN DUE
TO CORONAVIRUS
March 25, 2020, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the “Company”) reports
that the President of South Africa, Mr. Cyril Ramaphosa , has imposed a nation -wide twenty-one (21) day lockdown
to fight the C oronavirus outbreak. The lockdown w ill begin at midnight on March 26 in South Africa and end at
midnight on April 16. Individuals will not be allowed to leave their homes except under strictly controlled
circumstances, such as to seek medical care and buy food and medicine.
As a result, the Co mpany will temporarily close all operations in South Africa including the current re -mining
operations at Crocodile River Mine (“ CRM”), except for some critical underground care and maintenance activities
where the Company will seek an exception. Management and staff are working to safeguard our employees and
equipment at this time.
During this Coronavirus outbreak, Eastplats ha s produced risk assessments and adopted appropriate new and
updated procedures to ensure as best as possible it maintain ed a safe place for its employees and the communities in
which it operates. During this time and when operations restart Eastplats will maintain its safety standards.
The effects of the Coronavirus are changing rapidly and the consequences of the temporary shutdown of the CRM
cannot be reasonably estimated at this time but could have material adverse effects on the Company’s business and
cashflows.
The Company supports the South African government’s efforts to fight the Coronavirus.
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 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”,
“will”, “could”, “expects”, “anticipates” and similar expressions. Further disclosure of the risks and uncertainties facing t he
Company and other forward-looking statements are discussed in the Company’s most recent Annual Information Form available
under the Company’s profile on www.sedar.com.
In particular, this press release contains forward -looking statements pertaining to: the effects of a lockdown in Sout h Africa,
effects and duration of the Coronavirus, the effects of the temporary closure of the CRM and its effects on operational activity of
the re-mining activities and the Company’s business and cashflows. 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 differ materially from the beliefs, plans, objectives, expectations, estimate s 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 fo r
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 i n this press 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 C ompany’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 discl aims
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.
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