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Late filing of annual financial statements, annual information form and management cease trade order
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")
Trading Symbol: ELR (TSX); EPS (JSE)
NEWS RELEASE
EASTPLATS ANNOUNCES LATE FILING OF ANNUAL FINANCIAL STATEMENTS, ANNUAL
INFORMATION FORM AND MANAGEMENT CEASE TRADE ORDER
April 4, 2024, Vancouver, British Columbia – Eastern Platinum Limited ("Eastplats" or the "Company")
announces that, further to its news release dated March 18, 2024, it did not file its annual audited
financial statements for the fiscal year ended December 31, 2023 and the related management's
discussion and analysis and annual information form for the fiscal year ended December 31, 2023 (the
"Required Filings") by the deadline of April 1, 2024. The Company made an application to the provincial
securities commissions under National Policy 12-203 Cease Trade Orders ("NP 12-203") and has
received a Management Cease Trade Order (the "MCTO") in respect of the late filing. During the MCTO,
the general investing public will continue to be able to trade in the Company's listed common shares.
However, the Company's Chief Executive Officer, Chief Financial Officer and such other directors,
officers and persons as determined by the applicable regulatory authorities, will not be able to trade the
Company's shares.
The Company currently expects to file its audited financial statements for the fiscal year ended
December 31, 2023 and the related management's discussion and analysis as soon as practicable.
Until then, the Company intends to comply with the provisions of the alternative information guidelines
as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default
status reports, each of which will be issued in the form of a news release.
About Eastern Platinum Limited
Eastplats owns directly and indirectly a number of platinum group metal ("PGM") and chrome assets in
the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile
River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the
geological environment that hosts approximately 80% of the world's PGM-bearing ore.
Operations at the Crocodile River Mine currently include re-mining and processing its tailings resource
to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.
For further information, please contact:
EASTERN PLATINUM LIMITED
Wylie Hui, Chief Financial Officer and Corporate Secretary
E: whui@eastplats.com
T: (604) 568-8200
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" or "forward-looking information" (collectively
referred to herein as "forward-looking statements") within the meaning of applicable securities
legislation. Such forward-looking statements include, without limitation, forecasts, estimates,
expectations and objectives for future operations that are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Forward-looking statements are
statements that are not historical facts and are generally, but not always, identified by the words "will",
"plan", "intends", "may", "will", "could", "expects", "anticipates" and similar expressions. Further
disclosure of the risks and uncertainties facing the Company and other forward-looking statements are
discussed in the Company's most recent Annual Information Form available under the Company's
profile on www.sedarplus.ca.
In particular, this press release contains forward-looking statements pertaining to filing of the Required
Filings and the timing thereof. These forward-looking statements are based on assumptions made by
and information currently available to the Company. Although management considers these
assumptions to be reasonable based on information currently available to it, they may prove to be
incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and
readers are cautioned not to place undue reliance on these statements as a number of factors could
cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and
intentions expressed in such forward-looking statements. These factors include, but are not limited to,
commodity prices, economic conditions, currency fluctuations, competition and regulations, legal
proceedings and risks related to operations in foreign countries.
All forward-looking statements in this press release are expressly qualified in their entirety by this
cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in
the Company's most recent Management's Discussion and Analysis available under the Company's
profile on www.sedarplus.ca. The forward-looking statements in this press release are made as of the
date they are given and, except as required by applicable securities laws, the Company disclaims any
intention or obligation, and does not undertake, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE
Limited.
4 April 2024
JSE Sponsor
PSG Capital
Date: 04-04-2024 02:45:00
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