Eastern Platinum Limited: Clarification of Disclosure on Company Website
July 06 2012 - 1:02PM
Marketwired Canada
Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) -
As a result of a review by the British Columbia Securities Commission, we are
issuing the following news release to clarify our disclosure.
Eastern Platinum Limited ("Eastplats" or the "Company") wishes to clarify
certain technical information as presented in the Corporate Overview on the
Company's website. The specific disclosure issue to be clarified is the summary
presentation on the website of contained platinum group metal ("PGM") ounces in
various projects controlled by the Company both on an individual project basis,
as well as a cumulative total of PGM ounces for all projects. This summary
disclosure is not compliant with s.2.2(a), s.2.2(b) and s.2.2(d) of NI 43-101 in
that contained ounces as summarized included those in all classifications of
resources, as opposed to separating and quoting these totals by each individual
resource classification. The summary disclosure of contained ounces has been
removed from our website and replaced by a reference to our NI 43-101 Technical
Reports filed on SEDAR that are compliant with NI 43-101 and from which the
summary disclosure on the website was derived. This clarification refers to
assets at the Crocodile River Mine, Kennedy's Vale, Spitzkop and Mareesburg. All
future inquiries regarding resources, reserves and/or contained PGM ounces in
any or all of our projects will be referred to the NI 43-101 Technical Reports
on SEDAR which are on the website and easy to access.
The Company has updated its website to include material information and recent
changes to the Company's corporate profile to ensure that it is current.
Total shares issued and outstanding: 928,187,807
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