| Mon 9 Jul 2012, 8:40 | | Eastern Platinum Ltd - NEWS RELEASE : CLARIFICATION OF DISCLOSURE ON COMPANY WEBSITE |
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EPS
NEWS RELEASE : CLARIFICATION OF DISCLOSURE ON COMPANY WEBSITE
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA 2768551038
Share Code AIM: ELR ISIN: CA 2768551038
Share Code JSE: EPS ISIN: CA 2768551038
July 6, 2012
Trading Symbol: ELR (TSX & AIM) EPS (JSE)
NEWS RELEASE
CLARIFICATION OF DISCLOSURE ON COMPANY WEBSITE
As a result of a review by the British Columbia Securities
Commission, we are issuing the following news release to clarify
our disclosure.
Eastern Platinum Limited ('Eastplats' or the 'Company') wishes
to clarify certain technical information as presented in the
Corporate Overview on the Company's website. The specific
disclosure issue to be clarified is the summary presentation on
the website of contained platinum group metal ('PGM') ounces in
various projects controlled by the Company both on an individual
project basis, as well as a cumulative total of PGM ounces for
all projects. This summary disclosure is not compliant with
s.2.2(a), s.2.2(b) and s.2.2(d) of NI 43-101 in that contained
ounces as summarized included those in all classifications of
resources, as opposed to separating and quoting these totals by
each individual resource classification. The summary disclosure
of contained ounces has been removed from our website and
replaced by a reference to our NI 43-101 Technical Reports filed
on SEDAR that are compliant with NI 43-101 and from which the
summary disclosure on the website was derived. This
clarification refers to assets at the Crocodile River Mine,
Kennedy's Vale, Spitzkop and Mareesburg. All future inquiries
regarding resources, reserves and/or contained PGM ounces in any
or all of our projects will be referred to the NI 43-101
Technical Reports on SEDAR which are on the website and easy to
access.
The Company has updated its website to include material
information and recent changes to the Company's corporate
profile to ensure that it is current.
Total shares issued and outstanding: 928,187,807
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:
Rob Collins
Canaccord Genuity Limited, London
Tel: +44 (0) 207 7523 8000
JSE SPONSOR:
Johan Fourie
PSG Capital (Pty) Limited
Email: johanf@psgcapital.com
Tel: +27 21 887 9602
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein.
Date: 09/07/2012 08:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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