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Eastern Platinum Announces Voting Results of Annual General and Special Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2014) - Eastern Platinum Limited (ELR.TO)(ELR.L)(EPS) ("Eastplats" or the "Company") is pleased to announce the voting results of its 2014 Annual General and Special Meeting (the "Meeting") held yesterday.

Fix number of Directors

The ordinary resolution fixing the number of directors at 5 was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Withheld/
Abstain
For Against Withheld/
Abstain
501,816,348 13,411,618 0 97.40% 2.60% 0.0%

Election of Directors

All nominees listed in the management proxy circular for the Meeting were elected as directors of the Company. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Nominee Number of Shares Percentage of Votes Cast
For Against Withheld/
Abstain
For Against Withheld/
Abstain
Ian Rozier 486,386,142 0 6,400,421 98.70% 0.0% 1.30%
David Cohen 483,565,668 0 9,220,895 98.13% 0.0% 1.87%
Gordon Keep 480,806,947 0 11,979,616 97.57% 0.0% 2.43%
J. Merfyn Roberts 484,945,092 0 7,841,471 98.41% 0.0% 1.59%
Robert Gayton 482,108,118 0 10,678,445 97.83% 0.0% 2.17%

Appointment of Auditors

Deloitte LLP were appointed auditors of the Company to hold office until the close of the next annual general meeting of the Company, and the directors of the Company were authorized to fix the remuneration of the auditors. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Withheld/
Abstain
For Against Withheld/
Abstain
506,250,771 0 8,978,363 98.26% 0.0% 1.74%

Share Option Plan

The resolution ratifying, confirming and approving the adoption of the Company's 2011 Share Option Plan, as amended, was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Withheld/
Abstain
For Against Withheld/
Abstain
326,830,813 165,955,750 0 66.32% 33.68% 0.0%

Shareholders Rights Plan

The resolution ratifying, confirming and approving the adoption of a Shareholders Rights Plan of the Company was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Withheld/
Abstain
For Against Withheld/
Abstain
489,808,016 2,978,547 0 99.40% 0.60% 0.0%

Share Consolidation and Subdivision

The special resolution ratifying, confirming and approving the Share Consolidation and Subdivision of the Company's securities was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Withheld/
Abstain
For Against Withheld/
Abstain
498,959,683 16,269,450 0 96.84% 3.16% 0.0%

The Share Consolidation and Subdivision is expected to be effective on June 27, 2014.

Cancellation of Trading on the AIM

The resolution ratifying, confirming and approving the cancellation of trading on the AIM was approved. Shareholders present in person or represented by proxy at the Meeting voted as follows:

Number of Shares Percentage of Votes Cast
For Against Withheld/
Abstain
For Against Withheld/
Abstain
510,847,298 4,380,669 0 99.15% 0.85% 0.00%

The last day of trading on the AIM is expected to be June 19, 2014.

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.