EASTERN PLATINUM LIMITED ANNOUNCES CYBERSECURITY INCIDENT

EASTERN PLATINUM LIMITED ANNOUNCES CYBERSECURITY INCIDENT

VANCOUVER, BC, June 16, 2025 /CNW/ - On May 27, 2025, Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats") detected a cybersecurity incident affecting its internal IT systems.

Upon detection, Eastplats took immediate containment measures to protect its network and data. Eastplats has since been working with cybersecurity experts to thoroughly investigate the incident's scope and undertake necessary remedial action.

Importantly, Eastplats' business operations have continued without disruption. Certain files related to its internal affairs were disclosed without authorization by third parties on a restricted part of the internet. Eastplats is actively reviewing these files to ensure ongoing compliance with its legal obligations and to safeguard its commercial interests.

Eastplats' priorities include the protection and continuous enhancement of its data security and systems. This incident has been reported to the appropriate authorities and Eastplats is committed to maintaining the trust and confidence of its stakeholders.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.

Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation.  Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company.  Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will," "plan," "intends," "may," "could," "expects," "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedarplus.ca.

In particular, this press release contains, without limitation, forward-looking statements pertaining tom amongst other things, our assessment of the scope and impact of the cybersecurity incident and related remedial action and enhancement of the Company's security systems. These forward-looking statements are based on assumptions made by and information currently available to the Company.  Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.  By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedarplus.ca. The forward-looking statements in this news release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.