Eastplats Announces Late Filing of Annual Financial Statements, Annual Information Form and Management Cease Trade Order
1080 - 1188 West Georgia St.
Vancouver, BC Canada V6E 4A2
154209.00024/305474046.1
April 4, 2024
Trading Symbol: ELR (TSX); EPS (JSE)
NEWS RELEASE
EASTPLATS ANNOUNCES LATE FILING OF ANNUAL FINANCIAL STATEMENTS,
ANNUAL INFORMATION FORM AND MANAGEMENT CEASE TRADE ORDER
April 4, 2024, Vancouver, British Columbia – Eastern Platinum Limited (“Eastplats” or the
“Company”) announces that, further to its news release dated March 18, 2024, it did not file its
annual audited financial statements for the fiscal year ended December 31, 2023 and the related
management’s discussion an d analysis and annual information form for the fiscal year ended
December 31, 2023 (the “ Required Filings”) by the deadline of April 1, 2024. The Company
made an application to the provincial securities commissions under National Policy 12-203 Cease
Trade Orders (“NP 12-203”) and has received a Management Cease Trade Order (the “MCTO”)
in respect of the late filing. During the MCTO, the general investing public will continue to be able
to trade in the Company's listed common shares. However, the Compa ny's Chief Executive
Officer, Chief Financial Officer and such other directors, officers and persons as determined by
the applicable regulatory authorities, will not be able to trade the Company's shares.
The Company currently expects to file its audited financial statements for the fiscal year ended
December 31, 2023 and the related management’s discussion and analysis as soon as
practicable. Until then, the Company intends to comply with the provisions of the alternative
information guidelines as set out in NP 12-203 for as long as it remains in default, including the
issuance of bi -weekly default status reports, each of which will be issued in the form of a news
release.
About Eastern Platinum Limited
Eastplats owns directly and indirectly a number of pl atinum group metal (“ 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 re -mining and processing its tailings
resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
T: (604) 568-8200
154209.00024/305474046.1
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”, “exp ects”, “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.sedarplus.ca.
In particular, this press release contains forward -looking statements pertaining to filing of the Required
Filings and the timing thereof . 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 informat ion 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, commodity prices, economic
conditions, curren cy 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 “Cautiona ry 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 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.