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ELR.TO ·

Eastplats Grants Stock Options

Share Capital & Compensation

1080 - 1188 West Georgia St.

Vancouver, BC Canada V6E 4A2

June 18, 2019

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

NEWS RELEASE

EASTPLATS GRANTS STOCK OPTIONS

June 18, 2019, Vancouver, British Columbia – Eastern Platinum Limited (“ Eastplats” or the “ Company”)

announces that it has granted 1,800,000 stock options to directors and officers of the Company that vest in 90 days.

The options were granted for a term of five years, and expire on June 13, 2024. Each option allows the holder to

purchase one common share of Eastplats at an exercise price of CDN$0.21.

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 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 the Company and other forward-looking

statements are discussed in the Company’s Annual Information Form and 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 vesting and expiry of options

issued by the Company. 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, commodity prices, economic conditions, currency fluctuations, competition and regulations, legal

proceedings 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 regulatory authority has approved or disapproved the

information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES