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To: LoneClone who wrote (17628)	4/14/2008 10:03:50 AM
From: LoneClone	Read Replies (1) \| Respond to of 194042

Eastplats Reports Preliminary Operating Results for the Quarter Ended March 31, 2008 Mon Apr 14, 5:00 AM ca.news.finance.yahoo.com VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2008) - Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") (TSX: ELR.TO)(AIM: ELR)(JSE: EPS), is pleased to report on production operations at the Crocodile River Mine ("CRM") for the quarter ended March 31, 2008. -------------------------------------------------------------------------- Quarter ended Quarter ended Increase Production March 31, 2008 Dec 31, 2007 (Decrease) -------------------------------------------------------------------------- Ounces produced 27,825 26,632 4.5% Run of mine tons 279,036 335,263 (16.8%) Total tons processed 349,497 383,159 (8.8%) Development meters 4,409 4,759 (7.4%) On-reef development 2,343 2,814 (16.7%) ROM head grade (grams/tonne) 4.04 3.87 4.4% ROM recovery 78% 72% 6% -------------------------------------------------------------------------- Ounces produced are up by 4.5% this quarter compared to the quarter ended December 31, 2007 despite unexpected power shut-downs that affected the South African mining industry in January. The Company experienced complete power shut-downs totaling 9 days plus additional periods of intermittent power interruptions throughout the month. Resulting production stops and starts also contributed to lost production time. The Company estimates that these shut-downs and interruptions caused a loss of production of approximately 6,000 PGM ounces, which would have been 17% of the quarter's production. Similarly, the development meters (including on-reef development) and tons mined and processed were all below the previous quarter's operations by 7 to 17%. Recovery rates increased to 78% in the first quarter compared to 72% in the quarter ended December 31, 2007 as a result of improved operating efficiencies at the CRM plant. "After a very disruptive period in January and early February with respect to power cuts and ongoing reductions in power supply, we have recovered extremely well. Despite the power reductions, substantial progress continues to be made at CRM and we are beginning to see the results of the extensive on and off reef development during the last year which is integral to the ongoing production build-up at the mine," stated Ian Rozier. Eastplats will release its full first quarter results on Thursday May 15, 2008 before the market opens and will host a telephone conference call on the same day at 10:00a.m. Pacific (1:00p.m. EST) to discuss the results. The conference call may be accessed by dialing 1-800-319-4610 in Canada and the United States, or 1-604-638-5340 internationally. The conference call will be archived for later playback until Wednesday May 21, 2008 and can be accessed by dialing 604-638-9010 or 1-800-319-6413 and using the pass code 4219 followed by the number sign. Total shares issued and outstanding: 671,387,052 Certain statements included herein constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements are based on certain assumptions by Eastplats and Barplats and as such are not a guarantee of future performance. 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, increased costs of production and a decline in metal prices. Eastplats is under no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws. S&P TSX Composite Index Contacts Investor Relations Eastern Platinum Limited (604) 685-6851 (604) 685-6493 (FAX) Email: info@eastplats.com Website: www.eastplats.com