FOR:  EASTERN PLATINUM LIMITED

TSX, AIM SYMBOL:  ELR

March 8, 2007

Eastern Platinum Limited: News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 8, 2007) - Eastern Platinum Limited (the "Company")
(TSX:ELR)(AIM:ELR) reports that on March 7, 2007, in accordance with the Company's Stock Option Plan (the
"Option Plan") and the policies of the Toronto Stock Exchange (the "TSX") it granted Incentive Stock Options on
23,137,500 shares of the Company's capital stock, exercisable up to March 7, 2012 at a price of $1.82 per
share. The exercise price of these options was set at market price as defined by TSX policy.

These options were granted to employees and officers of the Company including Directors Mr. Ian Rozier and Mr.
David Cohen as to 7 million options each and 750,000 options each to Mr. Gordon Keep, Mr. Jeffrey Ahbe, Mr.
Jeff Hawkrigg and Mr. Merfyn Roberts.

The Company has a total of 517,124,321 issued and outstanding shares, a market capitalization of approximately
Cdn$1 billion on an undiluted basis, and has working capital of approximately Cdn $78 million.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Eastern Platinum Limited
Mr. Ian Rozier, M.Sc., P. Eng.
President & CEO
(604) 685-6851
(604) 685-6493 (FAX)
Email: info@eastplats.com
Website: www.eastplats.com

-0-

                                                                
Eastern Platinum Limited
Eastern Plat (LSE:ELR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Eastern Plat Charts.
Eastern Plat (LSE:ELR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Eastern Plat Charts.