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EASTERN PLATINUM LIMITED - News release: No work stop pages at CRM operations

Release Date: 29/08/2012 14:10
Code(s): EPS     PDF:  
Wrap Text
News release: No work stop pages at CRM operations

EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA 2768551038
Share Code AIM: ELR ISIN: CA 2768551038
Share Code JSE: EPS ISIN: CA 2768551038

August 29, 2012
Trading Symbol: ELR (TSX & AIM) EPS (JSE)

NEWS RELEASE

NO WORK STOPPAGES AT CRM OPERATIONS

Eastern Platinum Limited (“Eastplats” or the “Company”)
comments on incorrect news as reported on the BBC World News
and other media outlets and since proliferated by analysts and
various other industry commentators.

The Company confirms that, contrary to these erroneous
reports, there have been no work stoppages or strike actions
at Eastplats’ Crocodile River Mine (“CRM”)    and that mining
operations at CRM continue to be unaffected by the recent
tragic events that occurred in the PGM mining sector in South
Africa.

As   correctly  reported   in  South Africa’s  Business  Day
(“Violence spreads to Lonmin’s eastern operations” – August
27, 2012 at 13:20), these work stoppages do not refer in any
way to Eastplats’ CRM operations.

The Company respectfully suggests that commentators validate
their sources and confirm such reports with the Company prior
to making erroneous statements that might cause disruption to
operations or possibly inflame an already volatile situation
in South Africa, as well as contribute to misinformation on
the market.

Total shares issued and outstanding – 928,187,807

For further information, please contact:
EASTERN PLATINUM LIMITED
Ian Rozier, President & C.E.O.
+1-604-685-6851 (tel)
+1-604-685-6493 (fax)
info@eastplats.com
www.eastplats.com

NOMAD:
Rob Collins
Canaccord Genuity Securities Limited, London
Tel: +44 (0) 207 523 8000
JSE SPONSOR:
Johan Fourie
PSG Capital (Pty) Limited
Email: johanf@psgcapital.com
Tel: +27 21 887 9602

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

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