Eastern Platinum stops work at Crocodile River after fatal blasting accident

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 7, 2011) – Mr. Ian Rozier, President and CEO of Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) (“Eastplats” or the “Company”) reports that mining operations at the Crocodile River Mine (“CRM”) have been suspended following a fatal accident at the mine.

Mr. Afiach Ngobeni, an employee of High Point Trading (an engineering company doing development work at CRM), was fatally injured in a blasting accident at an ore pass development raise at the Zandfontein Section at CRM on Monday 7^th November.

A Section 54 Stop Work Order has been issued by the Development of Mineral Resources (“DMR”) and mining operations at CRM have been stopped pending a full investigation by the DMR Inspector of Mines on Tuesday November 8^th.

“This is terrible news for the families affected and also for the Company. Management has made health and safety a key priority at CRM and we were making substantial progress in this regard, having recorded 3.8 million fatality free shifts at the mine until yesterday. This is a tragic accident and it will be investigated thoroughly,” stated Ian Rozier.

Total shares issued and outstanding: 908,187,807