Mr. Wanjin Yang reports

EASTERN PLATINUM LIMITED ANNOUNCES NEW DIRECTOR

Eason Cong Chen has joined the board of directors of Eastern Platinum Ltd. (Eastplats), effective May 1, 2025.

Mr. Chen is a Canadian chartered professional accountant (CPA) with over 20 years of experience in accounting, finance, operations, mergers and acquisitions, and management reporting, with a strong focus on the mining industry. He served on the board and audit committee of a Canadian copper producer for over 10 years, including more than one year as chief financial officer. Mr. Chen is currently a partner at a U.S. CPA firm that specializes in the audit of publicly listed companies in both Canada and the United States. His areas of expertise include IFRS (international financial reporting standards) and U.S. GAAP (generally accepted accounting principles) financial reporting, internal controls over financial reporting, and corporate governance. Mr. Chen brings a strong combination of technical knowledge and executive leadership to the board, with a proven record of driving financial performance and strategic execution in the resource sector.

Wanjin Yang, chief executive officer and president of Eastplats, commented, "The company is pleased to welcome Eason to our board and I look forward to working with him as he joins our team."

About Eastern Platinum Ltd.

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

Operations at the Crocodile River mine currently include mining and processing ore from the Zandfontein underground section to produce platinum group metal and chrome concentrates, respectively.