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ELR/ELR/EPS - Eastern Platinum Limited - Construction of Chrome recovery plant at Crocodile River underway EASTERN PLATINUM LIMITED (Incorporated in Canada) (Canadian Registration number BC0722783) (South African Registration number 2007/006318/10) Share Code TSX: ELR & ISIN: CA2768551038 Share Code AIM: ELR & ISIN: CA2768551038 Share Code JSE: EPS & ISIN: CA2768551038 CONSTRUCTION OF CHROME RECOVERY PLANT AT CROCODILE RIVER UNDERWAY Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") reports that the construction of the chrome recovery plant at its Crocodile River Mine is underway. The R24 million plant (Cdn$4 million), designed and being constructed by Chrome Tech (Pty) Ltd will treat Crocodile River`s platinum group metals ("PGM") UG2 ore to reduce chromite levels in the concentrate which is then sent to a third party for smelting and refining. PGM refineries typically charge penalties for concentrate received which has in excess of a 1.5% chromite content. TWP Consulting ("TWP") has been sub-contracted to complete the detailed process design and engineering, and will provide technical support during the commissioning phases. The design for the extraction of chromite from the UG2 ore makes use of gravity separation via spirals and is based on existing technology deployed in the mining and metallurgical industry. The plant is being constructed using primarily local content which has resulted in an economical design and rapid construction. The plant will be completed in two phases, with commissioning of the first phase scheduled for November 2007 and the second phase due for completion in December 2007. Modern control technology combined with a sample preparation facility will also be constructed to optimise output. Ian Rozier, CEO of Eastplats, stated that, "The chrome recovery plant makes good business sense. We currently pay approximately R5 million per month in chrome penalties on our concentrate and by bringing chromite levels to within the range acceptable to the smelters we will add this sum directly to our bottom line." Total shares issued and outstanding: 667,878,194 13 September 2007 For further information contact: Investor Relations Website: www.eastplats.com Email: info@eastplats.com #501-837 West Hastings Street, Vancouver, BC, Canada, V6C 3N6 Tel: (604) 685-6851, Fax: (604) 685-6493 NOMAD: Canaccord Adams Limited, London Email: Robin.Birchall@canaccordadams.com Clayton.Bush@canaccordadams.com Tel: +44 (0) 20 7050 6500 JSE Sponsor: PSG Capital (Pty) Limited Email:andreg@psgcapital.com anjem@psgcapital.com Tel: +27 21 887 9602 Date: 13/09/2007 15:05:44 Supplied by www.sharenet.co.za 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.
