VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2016) - Eastern Platinum Limited ("Eastplats"
or the "Company") (TSX:ELR)(JSE:EPS) announces that David Li will assume the duties of Interim Chief
Financial Officer of the Company. Mr. Li has over 20 years of international mining and financial management experience and holds
an MBA from Thunderbird School of Global Management in Arizona, U.S. and an active CPA License in Illinois, U.S. Mr. Li is
also Vice President of Asia Pacific with Alderon Iron Ore Corp. Mr. Li has an extensive accounting background, having
previously served as Chief Financial Officer of Minco Silver Corporation, Minco Gold Corporation and Minco Base Metals
Corporation as well as Chief Financial Officer of Selwyn Chihong Mining Ltd. and Asia Controller for Eclipse Inc. In these
previous roles Mr. Li was responsible for all aspects of accounting, corporate development, project financing, financial
reporting and internal control frameworks.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information
contained herein.