FOR: EASTERN PLATINUM LIMITED TSX, AIM SYMBOL: ELR JSE SYMBOL: EPS March 13, 2012 Eastern Platinum Limited: Grant of Stock Options to Directors VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2012) - Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) (the "Company") - The Company announced today that on March 8, 2012, stock options ("options") were granted to the following members of the Board of Directors: /T/ ---------------------------------------------------------------------------- Director Number of Options Strike Price Expiration date ---------------------------------------------------------------------------- Ian Rozier 2,000,000 C$0.60 8/03/2017 ---------------------------------------------------------------------------- John Andrews 1,500,000 C$0.60 8/03/2017 ---------------------------------------------------------------------------- Gordon Keep 298,000 C$0.60 8/03/2017 ---------------------------------------------------------------------------- John Hawkrigg 298,000 C$0.60 8/03/2017 ---------------------------------------------------------------------------- Merfyn Roberts 298,000 C$0.60 8/03/2017 ---------------------------------------------------------------------------- Robert Gayton 298,000 C$0.60 8/03/2017 ---------------------------------------------------------------------------- Zwelakhe Sisulu 298,000 C$0.60 8/03/2017 ---------------------------------------------------------------------------- /T/ The options are exercisable on or before March 8, 2017 at a strike price of C$0.60 per ordinary share. Total shares issued and outstanding: 928,187,807 -30- FOR FURTHER INFORMATION PLEASE CONTACT: Eastern Platinum Limited Investor Relations 604-685-6851 604-685-6493 (FAX) [ info@eastplats.com ][ www.eastplats.com ] OR NOMAD: Canaccord Genuity Limited, London Rob Collins/Bhavesh Patel +44-20-7050-6500 OR JSE SPONSOR: PSG Capital (Pty) Limited Johan Fourie +27-21-887-9602 [ johanf@psgcapital.com ] -0- 

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