Mr. Wylie Hui reports

EASTPLATS RECEIVES REASONS FOR JUDGMENT REGARDING A DERIVATIVE ACTION

Eastern Platinum Ltd. has received the written reasons for judgment of the Supreme Court of British Columbia in the petition of shareholder, Xiaoling Ren, seeking leave to commence a derivative action on behalf of the company against certain of the former and current directors in relation to the transactions between the company and Union Goal Offshore Solutions Ltd. (see news release of Dec. 31, 2020). The court has denied leave to bring an action against all but one director, granting leave to Ms. Ren to bring a derivative action only as against former director and CEO, Diana Hu. There is a limited period within which either party may appeal the court's decision.

We seek Safe Harbor.