Eastplats Reports Production Results for the Quarter Ended March 31, 2012

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/19/12 -- Eastern Platinum Limited (TSX: ALR)(AIM: ELR)(JSE: EPS)("Eastplats") reports operating results from the Crocodile River Mine ("CRM") for the quarter ended March 31, 2012 ("Q1 2012").

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

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                                                               Increase
                                Quarter ended                 (decrease)
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                                                            Q1 2012 Q1 2012
Production         Mar 31, Dec 31, Sep 30, Jun 30, Mar 31,      vs.     vs.
 statistics           2012    2011    2011    2011    2011  Q4 2011 Q1 2011
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Ounces produced     24,474  19,854  26,955  20,528  25,387    4,620    (913)
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Run-of-mine tonnes
 hoisted           247,538 200,919 265,889 203,166 247,369   46,619     169
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Run-of-mine tonnes
 processed         235,354 194,532 261,280 201,986 245,500   40,822 (10,146)
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Development
 (meters)            3,117   2,929   3,976   3,562   4,219      188  (1,102)
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On-reef
 development
 (meters)            1,704   1,591   2,248   2,090   2,434      113    (730)
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Stoping units
 (square meters)    39,857  31,767  40,594  31,828  44,674    8,090  (4,817)
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Head grade
 (grams/tonne)        4.07    4.05    4.08    3.93    3.93     0.02    0.14
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Concentrator
 recovery from ROM
 ore(i)                77%     76%     78%     76%     79%       1%     (2%)
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Chrome dispatched
 (tonnes)           74,920  62,791  77,531  64,913  62,498   12,129  12,422
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(i) Concentrator recovery has been rounded to the nearest percentage point.

First quarter mining and production at the Crocodile River Mine ("CRM") improved compared to the fourth quarter of 2011, which was negatively impacted by strike action by employees of CRM's main mining contractor, JIC Mining Services ("JIC"), in October, and by a Section 54 shut-down of operations following the fatality at CRM in November. Both incidents resulted in stoppages of mining operations.

The JIC strike has had a lingering effect on Q1 2012 production. Although PGM ounces produced in Q1 2012 are similar to PGM ounces produced in Q1 2011, the production at the Maroelabult Section remains below the Company's budgeted levels. The Company and JIC are taking measures to rectify this and further improvements are expected in the second quarter of 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 first quarter results on Monday, May 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 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.

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

Contacts:

Eastern Platinum Limited

Investor Relations

1-(604)-685-6851

1-(604)-685-6493 (FAX)
info@eastplats.com
www.eastplats.com


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