Eastern Platinum Limited

Eastern Platinum Limited

June 30, 2011 08:30 ET

Eastplats Aware of Notice of Application

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2011) - Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or "the Company") reports that it has become aware that the law firm of Siskinds LLP of London, Ontario, has filed a "Notice of Application" under the Class Action Proceedings Act, 1992, in the Ontario Superior Court of Justice against the Company and three of its directors and officers. The Notice of Application seeks permission of the Court to grant leave or permission to commence a lawsuit under the Securities Act of Ontario and other provinces in respect to certain alleged breaches of disclosure obligations. The Company and its officers and directors have not been served with any court documents.

The proposed plaintiff, Mr. Brian Bradley still requires permission, or leave of the court, in order to proceed with a case. After reviewing the documents filed with the Court, the Company is of the view that the allegations are completely without merit and intends to vigorously defend the proposed lawsuit.

Total shares issued and outstanding: 908,187,807

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.

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

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