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Treasury Stock

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^{Published in Business and Finance on Tuesday, April 12th 2011 at 6:15 GMT by Market Wire}  

FOR: EASTERN PLATINUM LIMITED TSX, AIM SYMBOL: ELR JSE SYMBOL: EPS April 12, 2011 Eastern Platinum Limited: Amendment to Stock Option Pricing VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) - Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) The Company today announced that all stock options ("Options") granted on March 25, 2011 have been amended from a strike price of C$1.38 to C$1.55. As part of this grant, the following Options were granted for members of the Board of Directors: /T/ ---------------------------------------------------------------------------- Director Number of Options Strike Price Expiration date ---------------------------------------------------------------------------- Ian Rozier 7,000,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- David Cohen 900,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- John Andrews 500,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- John Hawkrigg 100,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- Gordon Keep 100,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- Merfyn Roberts 100,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- Robert Gayton 100,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- Zwelakhe Sisulu 100,000 C$1.55 25/03/2016 ---------------------------------------------------------------------------- /T/ Total shares issued and outstanding: 908,187,807 FOR FURTHER INFORMATION PLEASE CONTACT: Eastern Platinum Limited Investor Relations +1-604-685-6851 +1-604-685-6493 (FAX) info@eastplats.com www.eastplats.com OR NOMAD: Canaccord Genuity Limited, London Mark Williams / Ryan Cohen +44 20 7050 6500 mwilliams@canaccordgenuity.com rcohen@canaccordgenuity.com OR JSE SPONSOR: PSG Capital (Pty) Limited Johan Fourie +27 21 887 9602 johanf@psgcapital.com