Eastern Platinum Limited
LSE : ELR

Eastern Platinum Limited

July 13, 2009 02:00 ET

Eastern Platinum Limited: Barplats Mines Ltd. Serves Notice to End Contracts With Two Contract Mining Companies at Crocodile River Mine

FOR:  EASTERN PLATINUM LIMITED

TSX, AIM SYMBOL:  ELR
JSE SYMBOL:  EPS

July 13, 2009

Eastern Platinum Limited: Barplats Mines Ltd. Serves Notice to End Contracts With Two Contract Mining
Companies at Crocodile River Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2009) - Mr. Ian Rozier, President and CEO of
Eastern Platinum Limited ("EASTPLATS") (TSX:ELR)(AIM:ELR)(JSE:EPS), reports;

A news release was issued on Friday 10th July reporting the successful end to an illegal 'sit in' at
the Crocodile River Mine ("CRM") in North West Province, South Africa.

Subsequent to the events of last week, Barplats Mines Ltd has served notice to terminate the services
of the Contract Mining companies whose employees were involved in the illegal sit in at CRM. The
contracts will terminate with immediate effect. CRM confirms that the company has brought charges
against those individuals employed by the contractor companies who were engaged in the illegal
activities of last week, specifically in relation to safety and health transgressions, and to the
holding of other underground personnel against their will, as documented by the South African Police
Services ("SAPS") from statements made by those held.

CRM intends to undertake all core mining activities with mineworkers directly employed by CRM.
Currently, CRM directly employs 1,500 people and will engage the additional employees required in the
immediate future. The labour compliment to be directly employed by CRM and the specific skills sets
required are still to be determined.

This process is expected to have a short term impact on production. The processing plant at CRM has
continued to operate at full capacity from the surface ore stockpile since the beginning of the
illegal 'sit-in' that began on Thursday 9 July. Currently about 25% of production at CRM comes from
the Maroelabult section, which was unaffected by the illegal action. CRM will reassign crews currently
in its direct employ in order to expedite the transition of all core mining activities at CRM to
'owner mining' This will enable about 50% of current production to be achieved immediately mitigating
the impact of the transition.

In line with a Memorandum of Understanding ("MOU") signed with the National Union of Mineworkers
("NUM") on Saturday (11th July) and with South African labour legislation, CRM will discuss its plans
with the NUM to move towards direct employment for all core mining activities.

"The direct employee/contractor employee issue in the mining sector in South Africa is a complex one
and is a high priority for the mining industry and the NUM to resolve. However, in light of the legal
and safety issues surrounding the events of last week, we have no alternative but to terminate the
services of the Contract Mining companies.

Barplats is committed to dealing with this issue in a direct and transparent manner such that we
achieve the common objectives of both the company and the NUM. We will now move forward towards
achieving the process of direct employment of workers for our core mining activities to create a
productive relationship with our employees," stated Ian Rozier.

Total shares issued and outstanding - 680,557,369

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 as such are not a guarantee of future performance. 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, increased costs of production and a decline in metal
prices. Eastplats is under no obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as required by applicable laws.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Eastern Platinum Limited
Ian Rozier
President & CEO
604-685-6851
604-685-6493 (FAX)
info@eastplats.com
www.eastplats.com

OR

NOMAD - Canaccord Adams Limited
Ryan Gaffney
+44 20 7050 6500
Ryan.Gaffney@CanaccordAdams.com

OR

JSE SPONSOR - PSG Capital (Pty) Limited
Anje Gregory
+27 21 887 9602
anjeg@psgcapital.com

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

INDUSTRY:  Manufacturing and Production-Mining and Metals
SUBJECT:   LAB

Contact Information

  • Eastern Platinum Limited