Eastplats Announces First Shipment of Chrome Concentrate from Barplats Zandfontein UG2 Tailings Retreatment Operations
1080 - 1188 West Georgia St.
Vancouver, BC Canada V6E 4A2
February 11, 2019
Trading Symbol: ELR (TSX); EPS (JSE)
NEWS RELEASE
EASTPLATS ANNOUNCES FIRST SHIPMENT OF CHROME CONCENTRATE FROM
BARPLATS ZANDFONTEIN UG2 TAILINGS RETREATMENT OPERATIONS
February 11, 2019, Vancouver, British Columbia – Ea stern Platinum Limited and its subsidiary Barplats
Mines (Pty) Limited (collectively called “ Eastplats ” or the “ Company ”) is pleased to announce that the
Company has made its first shipment, totaling 10,000 tons of chrome concentrate from its newly constructed
chrome retreatment facility in South Africa.
As announced on December 18, 2018, the chrome proce ssing circuit installed at the Barplats Zandfontein
UG2 tailings retreatment facility is being commissioned during an operational start-up.
In further developments, the Company is pleased to report that Alpha Global Capital, Inc. (“Alpha Global”)
has filed a notice of withdrawal in relation to its claim initiated against the Company in South Africa (See
News Release of March 20, 2017 and Management Discussion and Analysis of September 30, 2018). The
Company will be seeking to recover from Alpha Global a portion of the costs the Company has incurred in
responding to the claim.
As well, further to the Company’s News Release of N ovember 9, 2018 announcing that the Company had
received a petition filed with the Supreme Court of British Columbia seeking leave to commence a
derivative action on behalf of the Company against certain of its cur rent and former directors, the Special
Committee of the Board of Directors completed its r eview of the allegations and recommended the
Company should vigorously oppose the petition. In e arly 2019, the Company formally filed its response,
seeking the dismissal of the petition as well as special costs against the petitioner.
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 Annual Information Form an d Management’s
Discussion and Analysis which are available under the Company’s profile on www.sedar.com.
In particular, this press release contains forward- looking statements pertaining to: the ability to re cover costs from Alpha Global,
ability to obtain security for costs and special co sts and have the derivative action petition dismiss ed. These forward-looking
statements are based on assumptions made by and inf ormation currently available to the Company. Altho ugh 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 our produc tion processes, commodity prices, lower than expect ed grades and quantities
of resources, need for additional funding and avail ability of such additional funding on acceptable te rms, economic conditions,
currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.
The forward-looking statements in this press releas e are made as of the date they are given and, excep t as required by applicable
securities laws, the Company disclaims any intentio n or obligation to publicly update or revise any fo rward-looking statements,
whether 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.
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