Eastplats Reports Production Results For the Quarter Ended September 30, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2012) - Eastern Platinum Limited (ELR.TO)(ELR.L)(JSE:EPS) ("Eastplats") reports operating results from the Crocodile River Mine ("CRM") for the quarter ended September 30, 2012 ("Q3 2012").

Production statistics for the current quarter and historical quarters are as follows:

	Quarter ended										Increase (decrease)
Production statistics	Sep 30, 2012		Jun 30, 2012		Mar 31, 2012		Dec 31, 2011		Sep 30, 2011		Q3 2012 vs. Q2 2012		Q3 2012 vs. Q3 2011
Ounces produced	21,273		26,412		24,474		19,854		26,955		(5,139	)	(5,682	)
Run-of-mine tonnes hoisted	206,176		257,250		247,538		200,919		265,889		(51,074	)	(59,713	)
Run-of-mine tonnes processed	203,279		252,883		235,354		194,532		261,280		(49,604	)	(58,001	)
Development (meters)	2,066		2,922		3,117		2,929		3,976		(856	)	(1,910	)
On-reef development (meters)	966		1,653		1,704		1,591		2,248		(687	)	(1,282	)
Stoping units (square meters)	28,943		40,959		39,857		31,767		40,594		(12,016	)	(11,651	)
Head grade (grams/tonne)	4.08		3.99		4.07		4.05		4.08		0.09		-
Concentrator recovery from ROM ore*	76	%	79	%	77	%	76	%	78	%	(3	%)	(2	%)
Chrome dispatched (tonnes)	53,761		56,521		74,920		62,791		77,531		(2,760	)	(23,770	)
* Concentrator recovery has been rounded to the nearest percentage point.

The Company is in the process of implementing a comprehensive mine development plan at CRM as previously announced on August 14, 2012.

The qualified person having reviewed the operating results presented in this press release is Mr. Brian Montpellier, P.Eng.

Eastplats expects to release its full third quarter results on Wednesday, November 14, 2012.

Total shares issued and outstanding: 928,187,807

Cautionary Statement on Forward-Looking Information

Certain statements included herein constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements pertain to the price of PGMs, fluctuations in currency markets (specifically the South African Rand and the U.S. dollar), the future development of the Company's projects, and the Company's plans for its properties. These forward-looking statements are based on certain assumptions by the Company and therefore, readers are cautioned that forward-looking statements are not a guarantee of future performance. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those expressed or implied in such forward-looking statements due to factors such as general economic and market conditions, changes in government legislation, controls, regulations and political developments.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.