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EPS
EPS
EPS - Eastern Platinum Limited - News release : new order mining right awarded
for crocette section at CRM
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA2768551038
Share Code AIM: ELR ISIN: CA2768551038
Share Code JSE: EPS ISIN: CA2768551038
NEWS RELEASE : NEW ORDER MINING RIGHT AWARDED FOR CROCETTE SECTION AT CRM
Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") is
pleased to report that on 31st March, 2008, the South African Department of
Minerals and Energy ("DME") granted a New Order Mining Right for the Crocette
section at the Crocodile River Mine ("CRM").
The Environmental Management Programme ("EMP") for the Crocette section has been
approved. With the receipt of the New Order Mining Right Eastplats can now
proceed with the development of Crocette.
In accordance with the approved Social and Labour Plan ("SLP") accompanying this
mining right, the development and mining of the Crocette section at CRM will
generate approximately 300 more jobs at CRM and will directly benefit the local
community.
"The granting of the Crocette mining right is excellent news for Eastplats and
CRM as well as for the local community who will benefit greatly from this
development. Positive relationships with all stakeholders have made the mining
of the Crocette area possible and we will continue to ensure compliance with the
conditions of the EMP and SLP", stated Ian Rozier.
A further news release will be issued providing details of the proposed
development of Crocette.
Total shares issued and outstanding: 671,308,927
2 April 2008
For further information contact:
Investor Relations
Website: www.eastplats.com
Email: info@eastplats.com
Tel: 1-(604)-685-6851, Fax: 1-(604)-685-6493
NOMAD:
Canaccord Adams Limited, London
Email: Ryan.Gaffney@canaccordadams.com
Tel: +44 20 7050 6500
JSE Sponsor:
PSG Capital (Pty) Limited, South Africa
Email: anjem@psgcapital.com
Tel: +27 21 887 9602
Date: 02/04/2008 11:00:01 Produced by the JSE SENS Department.
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