FOR: EASTERN PLATINUM LIMITED TSX, AIM SYMBOL: ELR JSE SYMBOL: EPS May 16, 2012 Eastern Platinum Limited Annual General Meeting Notification VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company") today gives notice in accordance with regulatory requirements, that it has mailed out its Information Circular, Notice of Meeting and related proxy materials on May 16, 2012, in connection with the Company's annual general meeting to be held on June 12, 2012 at 10:00 A.M. in the Erickson Room, lobby level, 1075 West Georgia Street, Vancouver, British Columbia, Canada. Copies of these documents are available during normal business hours on weekdays (except public holidays) free of charge from the Company's office at Suite 250 - 1075 West Georgia Street, Vancouver, British Columbia, Canada. In addition, these documents are available on the SEDAR website at [ www.sedar.com ] and on the Company's website at [ www.eastplats.com ]. Total shares issued and outstanding: 928,187,807 S&P TSX Composite Index -30- 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 Rob Collins +44 (0) 207 523 8000 OR JSE SPONSOR: PSG Capital (Pty) Limited Johan Fourie +27 21 887 9602 [ johanf@psgcapital.com ] -0- 

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