Mr. David Li reports

EASTERN PLATINUM LIMITED SECURES ADDITIONAL CREDIT FACILITY

Eastern Platinum Ltd. has secured a credit facility with Ka An Development Co. Ltd. (the lender) for the value of up to $2-million. This is a separate facility in addition to the previously announced two credit facilities on Feb. 6, 2026, and Nov. 14, 2025. As of the date of this news release, the total credit available to the company taken into account three credit facilities is for the value of up to $4-million. Eastplats intends to use the proceeds from the new credit facility as working capital to support the ramp-up of underground production tonnages at the Crocodile River mine.

Each advance under the new credit facility bears an annual interest rate of 10.25 per cent, representing the current South African prime lending rate as of the date of this news release. Each such advance will mature six months from the date of issuance unless it is renewed or extended at the lender's discretion. An interest rate of 15.375 per cent will be applied on any overdue and unpaid debt amount.

Eastplats intends to ramp up its Zandfontein underground mine to target 70,000 tonnes of run-of-mine ore per month by the end of 2026.

As the lender is an insider of the company, the new credit facility constitutes a related-party transaction for the purpose of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company has relied on the exemptions from the valuation and minority shareholder approval requirements contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation as the fair market value of the consideration for the credit facilities to the lender is significantly less than 25 per cent of the market capitalization of the company.

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 (Crocodile River mine) and the 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 PGM-bearing ore.

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

We seek Safe Harbor.