EASTERN PLATINUM LIMITED - Eastplats And Hebei Zhongbo Receive Approval From The South African Competition Authorities

Eastplats And Hebei Zhongbo Receive Approval From 
The South African Competition Authorities

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 AND HEBEI ZHONGBO RECEIVE APPROVAL FROM
                  THE SOUTH AFRICAN COMPETITION AUTHORITIES

September 16, 2015, Vancouver, British Columbia – Eastern Platinum Limited (the “Company”) is
pleased to announce that the Competition Authorities of South Africa have granted unconditional
approval for the transaction whereby Hebei Zhongbo Platinum Co. Limited (“HZP”) is to acquire the
Company’s entire platinum group metals (“PGM”) business and all investments and loan agreements that
Eastplats has with its subsidiary companies (the “Original Transaction”).

The Company announced on June 8, 2015 that the parties had agreed to a restructuring of the Original
Transaction whereby the parties would first proceed to complete the purchase and sale of the Crocodile
River Mine and associated inter-corporate loans for US$85,000,000, payable in cash on closing, followed
by the purchase and sale of the balance of the Company’s remaining PGM business (the Spitzkop,
Kennedy’s Vale and Mareesburg projects and inter-corporate loans) for US$140,000,000, also payable in
cash on closing. As of the date hereof, the restructuring and the closing of the above referenced
transactions remain subject to the execution of definite agreements and the receipt of all necessary South
African regulatory approvals, including the approval of the Department of Mineral Resources.

Further to the proposed restructuring, the Company announced on August 10, 2015 that it had sought to
extend the “Final Date” under the original agreements with HZP (as detailed in the Company’s news
release of November 7, 2014) (the “Original Agreements”) from August 7, 2015 to December 31, 2015
(the “Final Date” being the date under the Original Agreements following which either party may elect to
terminate the Original Agreements without recourse). As at the date hereof, letter agreements giving
effect to such extension remain outstanding.

For further information, please contact:

EASTERN PLATINUM LIMITED
Ian Rozier, President and CEO
+1-604-685-6851 (tel)
+1-604-685-6493 (fax)
info@eastplats.com
www.eastplats.com

JSE SPONSOR
David Tosi
PSG Capital (Pty) Limited
Email: davidt@psgcapital.com
Tel: +27 21 887 9602

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

Cautionary Statement Regarding Forward-Looking Information
This press release contains ‘forward-looking information’ within the meaning of Canadian securities legislation. Forward-
looking information in this press release includes information about the completion, timing and potential benefits of the proposed
transaction between Eastplats and HZP. These forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those anticipated, including, the contemplated transaction not
being completed as a result of a number of factors including, without limitation, required regulatory approvals not being
obtained; and other risks and uncertainties. Readers should not place undue reliance on the forward-looking information
contained in this news release. Eastplats does not undertake to update any forward-looking information, except as required by
applicable securities laws.

Date: 16/09/2015 09:00:00 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.