HIGHLIGHTS:

Feasibility Study Underway at the Mareesburg Platinum Project, South Africa.

In February 2004 Eastplats acquired the rights to a 50% interest in the Mareesburg Platinum Project ("Mareesburg") from Samancor by way of a 50:50 Joint Venture with Lion's Head Platinum Pty ("LHP"). Two other agreements enabled Eastplats to purchase a 51% interest in LHP, thus increasing the Company's interest in Mareesburg to 75.5%.

LHP is a private South African Black Economic Empowerment company that is fully compliant with the South African Mining Charter.

The Mareesburg property lies in the southern part of the Eastern Bushveld approximately 50 km west of Lydenburg, adjacent to Angloplats' proposed new platinum mine on the farm Der Brochen,. The immediate area around Mareesburg is rapidly developing into a major mining district with platinum and chrome mining currently underway and a number of possible new platinum mines being investigated and developed by Angloplats, Mvelaphanda, Impala Platinum and Aquarius. The majority of these platinum mines are planning to mine the UG2 Reef. Access to the property is good and power lines traverse the area.

It is planned for Mareesburg to be initially mined as an open pit and a feasibility study on this is underway, due for completion in the first quarter of 2009.  Qualified consultants with substantial PGM project experience gained on previous PGM projects in South Africa are conducting the feasibility study. Geological work in 2006/7, which included core logging and sampling. This work is being undertaken according to strict standards demanded by the SAMREC/SAMVAL codes, and will be JORC compliant. These codes meet the regulatory guidelines for stock exchanges in Canada, the U.S.A., the U.K. and Australia.