Eastern Platinum Limited

Eastern Platinum Limited

February 05, 2013 08:00 ET

Eastern Platinum Limited: Operations at Crocodile River Mine Suspended After Fatal Accident

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2013) - Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats" or the "Company") (TSX:ELR)(AIM:ELR)(JSE:EPS), reports that mining operations at the Zandfontein Section of the Crocodile River Mine ("CRM") have been suspended following a fatal accident at the mine.

Mr. Allan Swartz, a shift supervisor, was fatally injured after falling down an empty ore pass. A Section 54 Stop Work Order has been issued by the Development of Mineral Resources ("DMR") and mining operations at Zandfontein have been stopped pending a full investigation by the DMR Inspector of Mines.

"This is terrible news for the family affected. Management has made health and safety a key priority at CRM. This is a tragic accident and it is being investigated thoroughly," stated Ian Rozier.

Total shares issued and outstanding: 928,187,807

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.

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

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