VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2012) - Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company") comments on incorrect news as reported on the BBC World News and other media outlets and since proliferated by analysts and various other industry commentators.

The Company confirms that, contrary to these erroneous reports, there have been no work stoppages or strike actions at Eastplats' Crocodile River Mine ("CRM") and that mining operations at CRM continue to be unaffected by the recent tragic events that occurred in the PGM mining sector in South Africa.

As correctly reported in South Africa's Business Day ("Violence spreads to Lonmin's eastern operations" - August 27, 2012 at 13:20), these work stoppages do not refer in any way to Eastplats' CRM operations.

The Company respectfully suggests that commentators validate their sources and confirm such reports with the Company prior to making erroneous statements that might cause disruption to operations or possibly inflame an already volatile situation in South Africa, as well as contribute to misinformation on the market.

Total shares issued and outstanding - 928,187,807

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

Contact Information:

Eastern Platinum Limited
Ian Rozier
President & C.E.O.
+1-604-685-6493 (FAX)

Rob Collins
Canaccord Genuity Securities Limited, London
+44 (0) 207 523 8000

PSG Capital (Pty) Limited
Johan Fourie
+27 21 887 9602