Eastern Platinum Limited
LSE : ELR

April 12, 2011 09:06 ET

Treasury Stock

FOR:  EASTERN PLATINUM LIMITED



TSX, AIM SYMBOL:  ELR

JSE SYMBOL:  EPS



April 12, 2011



Eastern Platinum Limited: Amendment to Stock Option Pricing



VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) - Eastern Platinum Limited
(TSX:ELR)(AIM:ELR)(JSE:EPS)



The Company today announced that all stock options ("Options") granted on March 25, 2011 have been amended from
a strike price of C$1.38 to C$1.55. As part of this grant, the following Options were granted for members of
the Board of Directors:



/T/



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Director               Number of Options      Strike Price   Expiration date

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Ian Rozier                     7,000,000            C$1.55        25/03/2016

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David Cohen                      900,000            C$1.55        25/03/2016

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John Andrews                     500,000            C$1.55        25/03/2016

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John Hawkrigg                    100,000            C$1.55        25/03/2016

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Gordon Keep                      100,000            C$1.55        25/03/2016

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Merfyn Roberts                   100,000            C$1.55        25/03/2016

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Robert Gayton                    100,000            C$1.55        25/03/2016

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Zwelakhe Sisulu                  100,000            C$1.55        25/03/2016

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/T/



Total shares issued and outstanding: 908,187,807






FOR FURTHER INFORMATION PLEASE CONTACT:



Eastern Platinum Limited

Investor Relations

+1-604-685-6851

+1-604-685-6493 (FAX)

info@eastplats.com

www.eastplats.com



OR



NOMAD:

Canaccord Genuity Limited, London

Mark Williams / Ryan Cohen

+44 20 7050 6500

mwilliams@canaccordgenuity.com

rcohen@canaccordgenuity.com



OR



JSE SPONSOR:

PSG Capital (Pty) Limited

Johan Fourie

+27 21 887 9602

johanf@psgcapital.com



Contact Information

  • Eastern Platinum Limited