FOR:  EASTERN PLATINUM LIMITED

TSX, AIM SYMBOL:  ELR
JSE SYMBOL:  EPS

January 22, 2010

Eastern Platinum Limited (the "Company") Grant of Stock Options to Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2010) - Eastern Platinum Limited
(TSX:ELR)(AIM:ELR)(JSE:EPS) -

The Company today announces that on January 18, 2010, 1,400,000 stock options ("options") were granted to the
following members of the Board of Directors:

/T/

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Director        Number of Options    Strike Price     Expiration date
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Ian Rozier                500,000          C$1.30          18/01/2015
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John Andrews              500,000          C$1.30          18/01/2015
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John Hawkrigg             100,000          C$1.30          18/01/2015
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Merfyn Roberts            100,000          C$1.30          18/01/2015
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Robert Gayton             100,000          C$1.30          18/01/2015
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Zwelakhe Sisulu           100,000          C$1.30          18/01/2015
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/T/

The options are exercisable on or before January 18, 2015 at a strike price of C$1.30 per ordinary share.

Total shares issued and outstanding: 681,098,209

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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 Adams Limited, London
Ryan Gaffney
NOMAD
+44 20 7050 6500

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Eastern Platinum Limited