ELR Eastern Plat

 
TIDMELR 
 
Eastplats Signs Mandate Letter for US$100 Million Corporate Debt Facility 
FOR:  EASTERN PLATINUM LIMITED 
 
TSX, AIM SYMBOL:  ELR 
JSE SYMBOL:  EPS 
 
October 28, 2010 
 
Eastplats Signs Mandate Letter for US$100 Million Corporate Debt Facility 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2010) - Mr. Ian Rozier, President and CEO of 
Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company") is pleased to 
announce the signing of a mandate letter with two financial institutions to arrange and underwrite a 
US$100 million corporate debt facility for the Eastplats group. The mandated lead arrangers are 
UniCredit Bank AG, London Branch and The Standard Bank of South Africa Limited (together the "MLAs"). 
 
The mandate letter has been signed on the basis of a term sheet which has been agreed between the 
Company and the MLAs, each of which has satisfied their initial internal credit approval processes to 
proceed with the financing. The term sheet sets out detailed terms and conditions of the debt 
financing which include: 
 
/T/ 
 
=-  Underwritten by MLAs on a 50/50 basis and not subject to syndication 
=-  Scheduled tenor of 6 years with an 18 month grace period 
=-  Separate term loan and revolving loan facilities 
=-  Initial interest rate of US LIBOR + 3.85% rising to US LIBOR + 4.15% for 
    the last three years of the loan. US one-month LIBOR currently sits at 
    approximately 0.26%. 
=-  No hedging 
 
/T/ 
 
The MLAs' commitments to arrange and underwrite the debt facilities are subject to final due 
diligence, execution of acceptable documentation and obtaining final internal credit approvals. 
 
"This is an important step in the development of Eastplats. These funds will enable us to commence our 
Phase 1 growth plan for our Eastern Limb projects that will double our PGM production from our 2009 
levels by the end of 2012. We are delighted to be working with UniCredit and Standard Bank, with their 
extensive experience and credentials in global mining finance," said Ian Rozier. 
 
Canaccord Genuity Limited, London introduced and advised on the facility. 
 
Total shares issued and outstanding: 683,179,000 
 
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 Eastplats and as such are not a guarantee of future performance. Such statements 
include those about the commencement of development of the Eastern Limb PGM projects, future 
production levels and the closing of debt facilities. 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, increased costs of production and a decline in metal prices. Eastplats is under 
no obligation to update or revise any forward-looking statements, whether as a result of new 
information, future events or otherwise, except as required by applicable laws. 
 
S&P TSX Composite Index 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Eastern Platinum Limited 
Investor Relations 
1 (604) 685-6851 
1 (604) 685-6493 (FAX) 
info@eastplats.com 
www.eastplats.com 
 
OR 
 
Canaccord Genuity Limited, London 
Ryan Cohen 
Financial Adviser 
44 (0) 207 050 6500 
 
OR 
 
NOMAD: Canaccord Genuity Limited, London 
Ryan Gaffney 
+44 20 7050 6500 
rgaffney@canaccordgenuity.com 
 
OR 
 
JSE SPONSOR: PSG Capital (Pty) Limited 
Johan Fourie 
+27 21 887 9602 
johanf@psgcapital.com 
 
No stock exchange, securities commission or other regulatory authority has approved or disapproved the 
information contained herein. 
 
 
 
 
Eastern Platinum Limited 
 

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