EASTERN PLATINUM LIMITED REPORTS RESULTS FOR THE THIRD QUARTER OF 2026

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Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements for the three and nine months ended September 30, 2026 and the corresponding management's discussion and analysis ("MD&A").

VANCOUVER, BC, Nov. 13, 2026 /CNW/ -- Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements for the three and nine months ended September 30, 2026 and the corresponding management's discussion and analysis ("MD&A"). Below is a summary of the Company's financial results for the third quarter of 2026 ("Q3 2026") and for the nine months ended September 30, 2026 ("YTD 2026") in comparison to the same respective period in 2025 ("Q3 2025" and "YTD 2025") (all amounts in USD unless specified):

Charlie Liu, Interim Chief Executive Officer and President of Eastplats commented, "We had a challenging third quarter as monthly run-of-mine processing tonnages at the Crocodile River Mine were lower than targeted. But we have seen some improvement in our operation results in this quarter as we have increased our underground hoisting capability."

The Company derived revenue from the processing of PGM and chrome concentrates at the CRM. Eastplats' majority of revenue (approximately 75% and 78% for Q3 2026 and YTD 2026) is from PGM concentrate sales to Impala Platinum Limited under related offtake agreements. This is in line with the Company's expectations as it continues to ramp up production at the CRM.

The Company started processing ROM UG2 ore from the Zandfontein underground section at the CRM during the third quarter of 2024, at higher grades of chrome and PGM recovery, respectively.

Summary of chrome production from underground operations for the three and nine months ended September 30, 2026 and 2025

Summary of PGM production for the three and six months ended June 30, 2026 and 2025:

*PGM 6E grades and ounces are estimates until final exchanges and umpire results have been concluded, which can take up to three months.

The Company has filed the following documents, under the Company's profile on SEDAR+ at www.sedarplus.ca:

The condensed interim consolidated financial…

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