EASTERN PLATINUM LIMITED - Eastern Platinum Limited Cancels Private Placement

Eastern Platinum Limited Cancels Private Placement

EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768555096
Share Code JSE: EPS ISIN: CA2768555096
(“Eastplats” or the “Company” or “the Group”)

December 14, 2016
Trading Symbol: ELR (TSX); EPS (JSE)

                                   NEWS RELEASE

              EASTERN PLATINUM LIMITED CANCELS PRIVATE PLACEMENT

December 14, 2016, Vancouver, British Columbia - Eastern Platinum Limited (the “Company”) announces
that it will not be proceeding with the non-brokered private placement of approximately 18,435,360 common
shares of the Company previously announced on October 27, 2016. The Company and the placee have
mutually agreed to terminate the proposed investment, without cost or penalty to either, as they were unable
to reach agreement on the final terms and conditions sought by the Company. As a result of the termination
of the placement, the Company will have no obligation to pay the finders’ fee that had been contemplated as
part of the proposed investment.

For further information, please contact:
 
EASTERN PLATINUM LIMITED
Diana Hu, President and Chief Executive Officer
dhu@eastplats.com (email)
(604) 800-8200 (phone)

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

JSE Sponsor: PSG Capital Proprietary Limited

Date: 14/12/2016 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.