January 19, 2010

Eastern Platinum Limited (TSX: ELR), $1.46, +0.04, 2.82%, is trading today between 1.43 and 1.50, surpassing its 52 week-high from yesterday of 1.44. ELR has been on the rise with the company posting its production from the Crocodile River Mine for the fourth quarter. ELR produced a quarterly record of 34,000 PGM ounces, up 13% compared to the quarter ended September 30, 2009 and up 17% compared to the fourth quarter of 2008. For the year ended December 31, 2009, the Company produced a total of 130,338 PGM ounces, up 11% compared to 117,909 PGM ounces in 2008.