EASTERN PLATINUM LIMITED ANNOUNCES DISMISSAL OF CASES

Executive Summary

• Eastern Platinum Limited announced that the Supreme Court of British Columbia has struck out all three claims filed by 2538520 Ontario Limited against the Company and its affiliates.
• The dismissed legal proceedings are identified by docket numbers S201427, S244818, and S252308.
• The Company and its legal advisors will review the court's decision in detail and determine next steps in due course.

Key Details

• Court: Supreme Court of British Columbia
• Plaintiff: 2538520 Ontario Limited ("253")
• Action: All three claims against the Company and its affiliates struck out/dismissed
• Docket Numbers: S201427, S244818, S252308
• Company Response: Advisors will review the decision in detail; the Company will consider next steps in due course.
• Asset Portfolio: The Company owns directly and indirectly PGM and chrome assets in South Africa, primarily on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex.
• Operations: Current operations at the Crocodile River Mine involve mining and processing ore from the Zandfontein underground section to produce PGM and chrome concentrates.