News release 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 Trading Symbol: ELR (TSX); EPS (JSE) NEWS RELEASE August 10, 2015, Vancouver, British Columbia – Further to its news release of June 8, 2015, Eastern Platinum Limited (the “Company”) announces that the proposed restructuring of the transaction with Hebei Zhongbo Platinum Co. Limited (“HZP”), as more particularly detailed in the June 8, 2015 release, continues to remain subject to the execution of definitive agreements and the receipt of all necessary South African regulatory approvals. As the restructuring remains outstanding, the Company has determined it to be prudent to seek 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 Hebei Zhongbo. 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: 11/08/2015 07:30:00 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.