VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 03/14/13 — Mr. Ian Rozier, President and CEO of Eastern Platinum Limited („Eastplats“) (TSX: ELR)(AIM: ELR)(JSE: EPS) reports financial results for the fourth quarter and year ended December 31, 2012. The results for the fourth quarter reflect the implementation of the comprehensive mine development plan at the Zandfontein Section of the Crocodile River Mine („CRM“), as discussed in the Company-s press release dated June 12, 2012.
Summary of results for the quarter ended December 31, 2012:
Summary of results for the year ended December 31, 2012
The qualified person having reviewed the operating disclosures presented in this press release is Mr. Brian Montpellier, P. Eng, V.P. Project Development.
Financial Information
For complete details of financial results, please refer to the audited condensed consolidated financial statements and accompanying Management-s Discussion and Analysis („MD&A“) for the year ended December 31, 2012. These financial statements and MD&A, and the comparative financial statements for the year ended December 31, 2011 are all available on SEDAR at and on the Company-s website .
Teleconference call details
Eastplats will host a telephone conference call on Thursday, March 14, 2013 at 10:00 am Pacific (1:00 pm Eastern) to discuss these results. The conference call may be accessed by dialing 1-800-319-4610 in Canada and the United States, or 1-604-638-5340 internationally.
The conference call will be archived for later playback until Thursday, March 21, 2013 and can be accessed by dialing 1-604-638-9010 or 1-800-319-6413 and using the pass code 4219 followed by the number sign (#).
Total shares issued and outstanding – 928,187,807
Cautionary Statement on Forward-Looking Information
This press release, which contains certain forward-looking statements, is intended to provide readers with a reasonable basis for assessing the financial performance of the Company. All statements, other than statements of historical fact, are forward-looking statements. The words „believe“, „expect“, „anticipate“, „contemplate“, „target“, „plan“, „intends“, „continue“, „budget“, „estimate“, „may“, „will“, „schedule“ and similar expressions identify forward-looking statements. These forward-looking statements pertain to assumptions regarding the price of PGMs, fluctuations in currency markets (specifically the Rand and the U.S. dollar), the future funding of the Company-s projects, the future development of the Company-s projects, the Company-s plans for its properties, the anticipated timing for the awarding of tenders, and the accounting policies issued but not yet effective for the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to, the risk of fluctuations in the assumed exchange rates of currencies that directly impact the Company, such as Canadian dollar, South African Rand and U.S. dollar, the risk of fluctuations in the assumed prices of PGM and other commodities, the risk of changes in government legislation, taxation, controls, regulations and political or economic developments in Canada, the United States, South Africa, or Barbados or other countries in which the Company carries or may carry on business in the future, risks associated with mining or development activities, the speculative nature of exploration and development, including the risk of obtaining necessary licenses and permits, and assumed quantities or grades of reserves. Many of these uncertainties and contingencies can affect the Company-s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Readers are cautioned that forward-looking statements are not guarantees of future performance. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those acknowledged in such statements. Specific reference is made to the Company-s most recent Annual Information Form on file with Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.
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 Ian Rozier President & C.E.O. +1-604-685-6851 +1-604-685-6493 (FAX)
NOMAD: Canaccord Genuity Limited, London Andrew Chubb +44 (0) 207 7523 8000
NOMAD: Canaccord Genuity Limited, London Ross Allister +44 (0) 207 7523 8000
JSE SPONSOR: PSG Capital (Pty) Limited Johan Fourie +27 21 887 9602
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