Mr. Wylie Hui reports

EASTERN PLATINUM LIMITED ANNOUNCES EXTENSION OF EXPIRY DATE FOR WARRANTS

Eastern Platinum Ltd. has received conditional acceptance from the Toronto Stock Exchange to extend the expiry date of 5.96 million of its outstanding unlisted common share purchase warrants originally issued on June 26, 2020, in conjunction with the previously disclosed settlement agreement with AlphaGlobal Capital Inc. For further information concerning the original issuance of the warrants, please refer to the press release of the company dated June 26, 2020.

Each warrant currently entitles the holder to purchase one common share at a price of 24 cents at any time up to 5 p.m. PT on June 26, 2023. Effective on June 26, 2023, the company will extend the expiry date to June 26, 2024. All of the other warrant terms remain unchanged.

About Eastern Platinum Ltd.

Eastern Platinum owns, directly and indirectly, a number of platinum group metal and chrome assets in South Africa. All of the company's properties are situated on the western limb (Crocodile River mine) and eastern limb (Kennedy's Vale, Spitzkop Mareesburg) of the Bushveld complex, the geological environment that hosts approximately 80 per cent of the world's PGM-bearing ore.

Operations at the Crocodile River mine currently include remining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam.

We seek Safe Harbor.