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EPS - Eastern Platinum Limited - News release : new order mining right awarded

Release Date: 02/04/2008 11:00
Code(s): EPS
Wrap Text

EPS - Eastern Platinum Limited - News release : new order mining right awarded for crocette section at CRM 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 NEWS RELEASE : NEW ORDER MINING RIGHT AWARDED FOR CROCETTE SECTION AT CRM Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") is pleased to report that on 31st March, 2008, the South African Department of Minerals and Energy ("DME") granted a New Order Mining Right for the Crocette section at the Crocodile River Mine ("CRM"). The Environmental Management Programme ("EMP") for the Crocette section has been approved. With the receipt of the New Order Mining Right Eastplats can now proceed with the development of Crocette. In accordance with the approved Social and Labour Plan ("SLP") accompanying this mining right, the development and mining of the Crocette section at CRM will generate approximately 300 more jobs at CRM and will directly benefit the local community. "The granting of the Crocette mining right is excellent news for Eastplats and CRM as well as for the local community who will benefit greatly from this development. Positive relationships with all stakeholders have made the mining of the Crocette area possible and we will continue to ensure compliance with the conditions of the EMP and SLP", stated Ian Rozier. A further news release will be issued providing details of the proposed development of Crocette. Total shares issued and outstanding: 671,308,927 2 April 2008 For further information contact: Investor Relations Website: www.eastplats.com Email: info@eastplats.com Tel: 1-(604)-685-6851, Fax: 1-(604)-685-6493 NOMAD: Canaccord Adams Limited, London Email: Ryan.Gaffney@canaccordadams.com Tel: +44 20 7050 6500 JSE Sponsor: PSG Capital (Pty) Limited, South Africa Email: anjem@psgcapital.com Tel: +27 21 887 9602 Date: 02/04/2008 11:00:01 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.

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