Eastplats Grants Stock Options

1080 - 1188 West Georgia St.

Vancouver, BC Canada V6E 4A2

December 11, 2017

Trading Symbol: ELR (TSX); EPS (JSE)

NEWS RELEASE

EASTPLATS GRANTS STOCK OPTIONS

December 11, 2017, Vancouver, British Columbia – Ea stern Platinum Limited (“ Eastplats ” or the “ Company ”)

announces that it has granted 575,000 stock options to officers and management of the Company that vest in 90 days.

The options were granted for a term of five years, and expire on December 7, 2022. Each option allows the holder to

purchase one common share of Eastplats at an exercise price of CDN$0.33.

For further information, please contact:

EASTERN PLATINUM LIMITED

Rowland Wallenius, Chief Financial Officer and Corporate Secretary

[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 legi slation. Such forward-

looking statements include, without limitation, for ecasts, estimates, expectations and objectives for future operations

that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the con trol of the

Company. Forward-looking statements are statements that are not historical facts and are generally, b ut not always,

identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” an d similar

expressions. Further disclosure of the risks and un certainties facing the Company and other forward-lo oking

statements are discussed in the Company’s Annual In formation Form and Management’s Discussion and Anal ysis

which are available under the Company’s profile on www.sedar.com.

In particular, this press release contains forward- looking statements pertaining to the vesting and ex piry of options

issued by the Company. These forward-looking statem ents are based on assumptions made by and informati on

currently available to the Company. Although manag ement 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 dif fer 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, currency flu ctuations, competition and regulations, legal proce edings and

risks related to operations in foreign countries.

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 to publicly 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 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