Eastern Platinum to Host Investor Webinar

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2023) - Eastern Platinum Limited. (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to invite all shareholders, investors and analysts to join a webinar to be hosted by the Company on Wednesday, November 22, 2023 at 1:00 p.m. PT / 4:00 p.m. ET.

The webinar will be facilitated by Wanjin Yang, CEO, and Wylie Hui, CFO, who will present a corporate and operational update, including development plans for Eastplats' Zandfontein underground section located at the Crocodile River Mine, and upcoming catalysts.

Following the presentation Eastplats will respond to investor questions during a Q&A session. A recorded version of this webinar will be available on November 29, 2023, on the Eastplats website.

Investors who wish to submit questions ahead of the webinar, may do so by emailing their questions to ir@eastplats.com^[1].

For more information or to register for this event, visit: https://www.eastplats.com/investors/presentations/2023/^[2].

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of 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 LIMITEDWylie Hui, Chief Financial Officer and Corporate SecretaryE: whui@eastplats.com^[3]T: (604) 800-8200

Cautionary Statement Regarding Forward-Looking InformationThis 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 most recent Annual Information Form available under the Company's profile on www.sedarplus.ca^[4].

In particular, this press release contains forward-looking statements pertaining to: the timing and actions of 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.

All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary 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^[5]. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184088^[6]

References

1. ^{^} ir@eastplats.com (www.newsfilecorp.com)
2. ^{^} https://www.eastplats.com/investors/presentations/2023/ (api.newsfilecorp.com)
3. ^{^} whui@eastplats.com (www.newsfilecorp.com)
4. ^{^} www.sedarplus.ca (api.newsfilecorp.com)
5. ^{^} www.sedarplus.ca (api.newsfilecorp.com)
6. ^{^} https://www.newsfilecorp.com/release/184088 (api.newsfilecorp.com)