Eastern Platinum Limited: Clarification of Disclosure on Company Website
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/06/12 -- Eastern Platinum Limited (TSX: ELR)(AIM: ELR)(JSE: EPS) -
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
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Eastern Platinum Limited
Canaccord Genuity Limited, London
+44 (0) 207 7523 8000
PSG Capital (Pty) Limited
+27 21 887 9602 (FAX)