Mr. Wanjin Yang reports

EASTERN PLATINUM LIMITED RETAINS INVESTOR RELATIONS FIRM TARGET IR AND GRANTS STOCK OPTIONS

Eastern Platinum Ltd. has retained the services of Target IR & Communications, a full-service investor relations and communications firm that focuses on the metals and mining and technology sectors. Under the terms of the consulting agreement effective July 1, 2023, Eastern Platinum will provide a base monthly fee for the 12-month period of the contract. The company has also granted Target IR 240,000 stock options that vest in 90 days in accordance with the company's stock option plan. The options were granted for a term of five years and expire on June 21, 2028. Each option allows the holder to purchase one common share of Eastern Platinum at an exercise price of 10 cents.

Wanjin Yang, chief executive officer and president, commented, "We look forward to working with the Target IR team as we execute the Zandfontein underground restart plan and communicate key project milestones to the investment community over the next six to 12 months."

Based in Toronto, Target IR is a strategic IR firm serving growing and emerging publicly listed companies, with over 35 years of combined experience working alongside technology, mining and health care clients. With Toronto Stock Exchange/TSX Venture Exchange, New York Stock Exchange and London Stock Exchange experience, the firm's dedicated team leverages its deep IR, strategic communications and capital markets expertise to plan and execute pro-active investor relations programs. Neither Target IR, nor any of its principals, hold any securities of the company.

About Eastern Platinum Ltd.

Eastern Platinum owns directly and indirectly a number of platinum group metal (PGM) and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs 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.