Eastern Platinum Limited

Eastern Platinum Limited

February 05, 2014 12:18 ET

Eastern Platinum Director Resignation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2014) - Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company) announces that Mr. John Andrews has resigned as a director of Eastplats and its subsidiary companies.

Mr. Andrews has served as a director of Eastplats since 2007, having been associated with Barplats and the Crocodile River Mine in South Africa at the time it was acquired by the Company in 2006. He has been instrumental in the recommissioning, ongoing operations and current care and maintenance of the Crocodile River Mine and was also closely involved in the development of the Company's Eastern Limb projects.

"The board of Eastplats would like to extend its gratitude and appreciation of John's outstanding contribution to the Company, particularly the operational evolution, very high technical standards and unrelenting focus on safety that he instilled in the operations. The Company's mine and projects are significantly better as a result of his diligent technical guidance," said David Cohen, Chairman of Eastplats. Mr. Andrews will continue to serve as a technical consultant to the Company.

Total shares issued and outstanding - 928,187,807

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Statement on Forward-Looking Information

Certain statements included herein constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements are based on certain assumptions by Eastplats and therefore, readers are cautioned that forward-looking statements are not a guarantee of future performance. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those expressed or implied in such forward-looking statements due to factors such as general economic and market conditions, changes in government legislation, controls, regulations and political developments.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

Contact Information

    Ian Rozier, President & C.E.O.
    +1-604-685-6493 (FAX)

    Neil Elliot, Damien Hackett
    Canaccord Genuity Limited, London
    +44 (0) 207 7523 8000

    Johan Fourie
    PSG Capital (Pty) Limited
    +27 21 887 9602