Eastern Platinum Limited: Managing Director of Barplats Resigns

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2011) - Mr Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats" or the "Company") (TSX:ELR)(AIM:ELR)(JSE:EPS), reports that the Company has accepted the resignation of Wayne Robinson as Managing Director of Barplats Mines, the Company's operating subsidiary in South Africa. Wayne has been managing the Eastplats operations in South Africa since 2006 and with the support of senior and executive management of the company, has contributed to the successful operational turnaround of the Crocodile River Mine and an improved safety record. Wayne has indicated that he will be pursuing new business interests. The Company acknowledges his efforts over the last 5 years and wishes him good fortune in his future endeavours. The Company has commissioned a search for a replacement for the group's operations in South Africa.

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.