Eastern Platinum Limited

Eastern Platinum Limited

July 11, 2009 00:39 ET

Eastern Platinum Limited: Illegal Industrial Action by Contract Miners at CRM Ends

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2009) - Mr Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats")(TSX:ELR)(AIM:ELR)(JSE:EPS)is pleased to report that the illegal industrial action in the form of a 'sit-in' underground by some 500 employees of the mining contractors at Eastplats' Crocodile River Mine ("CRM"), as reported on Friday 10th July, has ended.

The supervisory employees of the mining contractors, who were detained against their will, returned to surface at approximately 17:30 on Friday July 10th. The employees of the mining contractors involved in the illegal action voluntarily returned to surface at approximately 04:30 on Saturday July 11th following successful mediation between the parties involved, and have been transported home.

The illegal 'sit-in' by the employees of the mining contractors began on Thursday July 9th during the morning shift at CRM's Zandfontein Section. Those involved are demanding to be employed directly by CRM and not by their respective mining contractor employers. CRM management has indicated that it remains committed to ongoing discussion on this issue through the appropriate channels provided under the terms of South Africa's labour relations legislation.

CRM Management expects that normal operations at the Zandfontein section will be resumed at the start of the morning shift on Monday 13 July.

"Our primary focus has been to resolve this situation safely for everyone involved and we are very pleased that this has been achieved successfully. We would like to thank all those involved in achieving this safe outcome and trust that we can collectively move forward with negotiations in a spirit of good faith", stated Ian Rozier.

Total shares issued and outstanding - 680,557,369

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

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.

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