Eastern Platinum Limited ("Eastplats" or the "Company")(TSX:ELR) (JSE:EPS) is
pleased to announce that it has received the approval of the Toronto Stock
Exchange (the "TSX") to proceed with its previously announced stock
consolidation and stock split effective July 15, 2014. 


Pursuant to a special resolution passed by shareholders on June 12, 2014, the
Company will proceed with the consolidation of its common shares on a 1,000 old
for 1 new basis (the "Consolidation"). Shareholders holding less than one full
share post-Consolidation are entitled to a cash payment of $0.11 per share of
their holdings on a pre-Consolidation basis in lieu of a fractional share, such
amount being equal to the average weighted trading price of the pre-Consolidated
Shares on the TSX for the ten trading days preceding the effective date of the
Consolidation. Following the Consolidation, the Company will immediately
complete a stock split on the basis of 1 old for 100 new, with fractional shares
being rounded to the nearest whole number (the "Stock Split"). The Consolidation
and Stock Split will achieve a 10 to 1 consolidation (the "Effective
Consolidation") and eliminate all of the shareholdings of less than 1,000
pre-Consolidation shares in exchange for the cash payment of $0.11 per share.


Effective at market opening on July 18, 2014, the Common Shares of Easplats will
commence trading on the TSX on the Effective Consolidation basis. The Company's
CUSIP and ISIN numbers will change to 276855509 and CA2768555096, while the
trading symbol will remain unchanged.


Letters of transmittal will be mailed to all registered shareholders. In order
to obtain their new share certificates or a cash payment as the case may be,
each shareholder must complete and send the letter of transmittal along with
their share certificates to the Company's transfer agent, Computershare Investor
Services Inc., as detailed in the letter of transmittal. Shareholders who hold
their shares through a broker will not be sent a letter of transmittal and will
not have to follow this procedure.


No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eastern Platinum Limited
Ian Rozier
President and CEO
+1-604-685-6851
+1-604-685-6493 (FAX)
info@eastplats.com
www.eastplats.com


JSE SPONSOR:
Johan Fourie
PSG Capital (Pty) Limited
+27 21 887 9602
johanf@psgcapital.com
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