Eastplats Announces Appointment of New Chief Executive Officer
Eastplats Announces Appointment of New
Chief Executive Officer
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2022) - Eastern Platinum Limited's (TSX: ELR)
(JSE: EPS) ("Eastplats" or the "Company") Board of Directors of the Company (the "Board") is pleased
to announce that it has appointed Mr. Wanjin Yang as the Company's Chief Executive Officer, effective
immediately. Mr. Yang is a senior exploration geologist with over 30 years' of experience in major
mineral exploration projects, corporate management, and corporate development. He previously was the
Project Geologist at Whitehorse Gold Corp. working on its mineral exploration projects, new project
acquisitions, and other corporate development work. Mr. Yang replaces Ms. Diana Hu, who has left the
Company to pursue other endeavours.
Mr. George Dorin, Eastplats' Chairman stated, "We are pleased to appoint Mr. Yang to lead the team as
management executes the plan to re-start underground operations at the Zandfontein section of the
Crocodile River Mine in South Africa. We look forward to working with Mr. Yang and hearing about his
vision for the Company."
Mr. Dorin further commented, "We thank Diana for her significant contributions as Chief Executive
Officer over the past 6 years and wish her the very best in her new ventures."
The Company also announces that Mr. Andrea Zhang has transitioned to a Vice-President role after
serving as Chief Operating Officer.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
(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", "could", "expects", "anticipates" and similar expressions. Further disclosure of
the risks and uncertainties facing the 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, without limitation, forward-looking statements pertaining to: the
ability of the Company to restart Zandfontein underground mining, to do so in 2022 and the potential
contributions of Mr. Yang as Chief Executive Officer. 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,
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 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 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.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,
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/129566