President & CEO Ian Rozier steps down 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 PRESIDENT & CEO IAN ROZIER STEPS DOWN February 1, 2016, Vancouver, British Columbia – Eastern Platinum Limited (the “Company”) announces that Ian Rozier will be stepping down as President and Chief Executive Officer of the Company effective January 31, 2016. Ian will remain as a director of the Company. David Cohen, Chairman of the Company, will henceforth also serve as President and CEO. “Ian has led Eastplats since its inception in 2003. With the extreme challenges currently faced by the PGM industry, Eastplats has maintained its asset base and proactively protected its balance sheet”, said David Cohen, Chairman of the Company. “Ian has agreed to remain on the board to assist with ongoing South African matters. The board of directors extends its sincere thanks to Ian for his leadership and dedication over the last 13 years.” 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: 01/02/2016 03:30:00 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.