FOR: EASTERN PLATINUM LIMITED TSX, AIM SYMBOL: ELR JSE SYMBOL: EPS October 10, 2012 Eastern Platinum Limited: Untimely Passing of a Director VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 10, 2012) - Eastern Platinum Limited ("Eastplats" or the "Company")(TSX:ELR)(AIM:ELR)(JSE:EPS) - It is with deep regret that the Board of Eastern Platinum Limited learned of the sudden passing of Mr. Zwelakhe Sisulu on 4th October. Mr. Sisulu was the lead member of our empowerment partnership as well as a director of Eastplats since 2009. David Cohen, Chairman of Eastplats, commented, "On behalf of the entire Eastplats community, I would like to express our heartfelt condolences to Zwelakhe's family. Zwelakhe was a distinguished and respected South African businessman. We are grateful to have had the privilege to work with Zwelakhe, who for many years provided an invaluable contribution to the Company as the South African mining industry has transformed. He will be deeply missed by us, by business associates and by the community at large." -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 AIM NOMAD: Rob Collins Canaccord Genuity Securities Limited, London +44 (0) 207 523 8000 OR JSE SPONSOR: Johan Fourie PSG Capital (Pty) Limited +27 21 887 9602 [ johanf@psgcapital.com ] INDUSTRY: Manufacturing and Production-Mining and Metals SUBJECT: OBT -0- 

Publication Contributing Sources

• Market Wire