VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/04/13 -- Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) reports a correction to its press release dated January 29, 2013. The "concentrator recovery from ROM ore" should read 77% instead of 72% as previously reported.

The qualified person having reviewed the operating results presented in this press release is Mr. Brian Montpellier, P.Eng. and V.P Project Development of Eastern Platinum Limited.

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 pertain to the price of PGMs, fluctuations in currency markets (specifically the South African Rand and the U.S. dollar), the future development of the Company's projects, and the Company's plans for its properties. 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

Canaccord Genuity Limited, London
Rob Collins
NOMAD
+44 (0) 207 7523 8000

PSG Capital (Pty) Limited
Johan Fourie
JSE SPONSOR
+27 21 887 9602
johanf@psgcapital.com