Proposed Class Action Law Suit Dismissed 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 NEWS RELEASE PROPOSED CLASS ACTION LAW SUIT DISMISSED April 5, 2016, Vancouver, British Columbia – Eastern Platinum Limited (the “Company”) is pleased to announce that the Ontario Superior Court of Justice issued a decision on March 31, 2016 dismissing the application for leave to commence a proposed securities class action brought by the law firm Siskinds LLP. The application was originally filed in June 2011 against Eastern Platinum, a current director, and two former directors. The Superior Court concluded that there was no reasonable possibility that the applicant would succeed at trial and accordingly the proposed class action has been dismissed. “We have always maintained the view that the allegations raised against us in the proposed class action suit were completely without merit and are very pleased that the Ontario Superior Court supported this in dismissing the application at this first step of the process,” said David Cohen, CEO and Chairman of the Company. For further information, please contact: EASTERN PLATINUM LIMITED David Cohen Tel: +1-604-689-9663 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. Date: 05/04/2016 07:31:00 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.