Eastern Platinum Limited — Proxy Solicitation & Information Statement 2025

May 12, 2025

EASTERN PLATINUM LIMITED
NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD ON JUNE 17, 2025

Time and Date: 10:00 a.m. (Pacific time) (7:00 p.m. South African Time) on Tuesday, June 17, 2025

Virtual Meeting: To be held virtually via the TSX Trust meeting platform
URL: https://virtual-meetings.tsxtrust.com/en/1766
Click on “I have a control number”.
Enter your 12-digit control number (on your proxy form).
Password: eastern2025

Important Notice Regarding the Availability of Proxy Materials for EASTERN PLATINUM LIMITED, Annual General and Special Meeting

You are receiving this notice to advise that the proxy materials for the above noted securityholders’ meeting are available on the Internet. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. We remind you to access and review all of the important information contained in the information circular and other proxy materials before voting. The information circular and other relevant materials are available at: https://www.eastplats.com/investors/agms/2025/

• OR www.sedarplus.ca

Obtaining a Copy of the Proxy Materials

If you would like to receive a paper copy of the current meeting materials by mail, you must request one. There is no charge to you for requesting a copy.

Call us Toll Free at 1-877-631-0967 or call our office at 604-568-8200 to request a paper copy of the materials for the current meeting.

To ensure you receive the material in advance of the voting deadline and meeting date, all requests must be received by us no later than, June 6, 2025 to ensure timely receipt. If you do request the current materials, please note that another Voting Instruction Form/Proxy will not be sent; please retain your current one for voting purposes.

To obtain paper copies of the materials after the meeting date, please contact the Company at suite 1080-1188 West Georgia Street, Vancouver, BC V6E 4A2 or by telephone at 604-568-8200.

VIRTUAL MEETING

This year, the Meeting will be held in a virtual-only format, which will provide registered shareholders with the opportunity to attend the Meeting virtually online and to vote online, or by proxy. Shareholders will not be able to attend the Meeting physically, but will be able to participate virtually via live audio webcast. The Board of Directors and management of the Company believe that enabling shareholders to attend the Meeting virtually will also lead to greater shareholder attendance and participation.

It is important to note that shareholders accessing the Meeting virtually must remain connected to the internet at all times during the Meeting in order to vote when balloting commences. It is your responsibility to ensure internet connectivity for the duration of the Meeting.

Only registered holders (each, a “Registered Shareholder”) of common shares of the Company (the “Common Shares”) who sign in using the control number provided on their proxy, or duly appointed proxy holders who have requested a control number in accordance with the instructions under the section “Voting at the Virtual Meeting” in the Information Circular (as defined below) will be able to listen to the Meeting, ask questions and vote via live audio webcast available online using the TSX Trust meeting platform https://virtual-meetings.tsxtrust.com/en/1766, Password: “eastern2025”. Shareholders will be able to access the Meeting using an internet connected device such as a laptop, computer, tablet or mobile phone, and the Meeting platform will be supported across browsers and devices that are running the most updated version of the applicable software plugins, though it is recommended that guests login using Google Chrome web browser (and not Internet Explorer).

If you are a beneficial holder of Common Shares, please complete and return the voting instruction form (or other accompanying form) in accordance with the instructions thereon for completion and deposit.

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The Company will not use the procedure known as “stratification” in relation to the use of Notice-and-Access Provisions. Stratification occurs when a reporting issuer using the Notice-and-Access Provisions provides a paper copy of the Circular to certain Shareholders with the notice package.

NOTICE IS HEREBY GIVEN that an Annual General and Special meeting (the “Meeting”) of the holders (the “Shareholders”) of common shares (the “Common Shares”) of Eastern Platinum Limited (the “Company”) will be held virtually, on Tuesday, June 17, 2025 at 10:00 a.m. Pacific Time (7:00 p.m. South African time) for the following purposes:

1. to receive the financial statements of the Company for the year ended December 31, 2024 together with the report of the Company’s auditor thereon;
2. to set the number of directors of the Company at five;
3. to elect the directors of the Company for the ensuing year;
4. to appoint Davidson and Company LLP as Auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration;
5. to consider, and if thought advisable, pass with or without variation, an ordinary resolution approving the unallocated options, rights or other entitlements issuable under the Company’s Stock Option Plan, as more particularly described in the accompanying Information Circular;
6. to transact such other business as may properly be brought before the Meeting or any adjournment or adjournments thereof.

Shareholders should refer to the management information circular (the “Information Circular”) available on SEDAR+ at www.sedarplus.ca for more detailed information with respect to the matters to be considered at the Meeting.

The record date for the determination of Shareholders entitled to receive notice of the Meeting is May 2, 2025 for Shareholders on the Canadian and South African registers of Common Shares. Shareholders of record on the Canadian and South African registers at the close of business on May 2, 2025 are entitled to notice of the Meeting and to vote thereat and at any adjournment or adjournments thereof on the basis of one vote for each Common Share held.

The last day to trade for Shareholders on the South African register to be Shareholders of record on the South African register is April 25, 2025.

Following the conclusion of the formal business to be conducted at the Meeting, the Company will invite questions and comments from Registered Shareholders or proxy appointees participating through the TSX Trust meeting platform who may submit their questions or comments by clicking on the "Ask a Question" button within the TSX Trust meeting platform to type their message or question. Messages or questions can be submitted at anytime during the Q&A session and until such time as the Chairman ends the session.

Registered Shareholders: Every Registered Shareholder of Common Shares at the close of business on the applicable record date is entitled to receive notice of and vote such Common Shares at the Meeting virtually.

• If you are a Registered Holder of Common Shares listed in the Canadian register of Common Shares, you can vote at the Meeting through the TSX Trust meeting platform available at https://virtual-meetings.tsxtrust.com/en/1766, click on “I have a control number”, enter your 12-digit control number (on your Proxy (as defined below) form). Password: “eastern2025”; however, the Company encourages you to vote by proxy. The Company's goal is to secure as large a representation of shareholders as possible at the Meeting.
• Certified Shareholders and own-name registered dematerialised Shareholders on the South African register of Common Shares who wish to vote their Common Shares at the Meeting virtually must appoint themselves as proxyholder by writing their name in the space provided on the form of proxy and send their signed form of proxy to the Company’s South African transfer secretaries, JSE Investor Services Pty Limited, 5th Floor, JSE Limited, One Exchange Square, 2 Gwen Lane, Sandown, Sandton, 2196, South Africa (PO Box 4844, Johannesburg, 2000) not less than 48 hours (excluding Saturdays, Sundays and holidays) before the time set for the holding of the Meeting and any adjournment or adjournments thereof, and request from JSE Investor Services Pty Limited a proxy control number. Once such Shareholders receive such control number, you can vote at the Meeting through the TSX Trust meeting platform in the same manner as Registered Holder of Common Shares listed in the Canadian register of Common Shares (see above).

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Whether you are able to attend the Meeting virtually or not, we encourage you to complete, sign, date and return the accompanying form of proxy so that your Common Shares can be voted at the Meeting (or at any adjournments or postponements thereof) in accordance with your instructions. If you attend the Meeting virtually, you will have an opportunity to vote your Common Shares online using the TSX Trust meeting platform - whether you previously delivered a proxy or not.

To be effective, the enclosed proxy must be received by:

• In respect of Registered Holder of Common Shares listed in the Canadian register of Common Shares, TSX Trust Company, Suite 301 – 100 Adelaide Street West, Toronto, Ontario M5H 4H1; and
• In respect of certificated Shareholders and own-name registered dematerialised Shareholders on the South African register of Common Shares, JSE Investor Services Pty Limited, 5th Floor, JSE Limited, One Exchange Square, 2 Gwen Lane, Sandown, Sandton, 2196, South Africa (PO Box 4844, Johannesburg, 2000),

not later than 48 hours (excluding Saturdays, Sundays and holidays) before the time set for the holding of the Meeting (or at any adjournments or postponements thereof). The deadline for the deposit of proxies may be waived or extended by the Chair of the Meeting at his or her discretion, without notice. Further instructions with respect to the voting by proxy or voting instruction form are provided in the form of proxy and in the Management Information Circular accompanying this Notice.

Beneficial Shareholders: If you are a beneficial holder of Common Shares ("Beneficial Shareholders") and have Common Shares that are registered in the name of a broker, another intermediary or an agent of that broker or intermediary (an "Intermediary"), please note that without specific instructions, Intermediaries are prohibited from voting shares for their clients. If you are a Beneficial Shareholder and receive these materials through your Intermediary, it is vital that the voting instruction form provided to you by your Intermediary is returned according to their instructions, sufficiently in advance of the deadline specified by the Intermediary, to ensure that they are able to carry out your voting instructions on your behalf.

If you hold Common Shares through an Intermediary, and are a non-objecting beneficial owner, we encourage you to complete, sign, date and return the accompanying voting information form so that your Common Shares can be voted at the Meeting (or at any adjournments or postponements thereof) in accordance with the instructions thereon.

Beneficial Shareholders who wish to attend the Meeting virtually must appoint themselves as proxy holders under the voting instructions form, or provide instructions to their Intermediaries to appoint them as proxy holder. Further:

• for Beneficial Shareholders in respect of Common Shares listed in the Canadian register of Common Shares, Beneficial Holders will need to register with TSX Trust by completing the form at https://tsxtrust.com/resource/en/75; and
• for Beneficial Shareholders in respect of Common Shares listed in the South African register of Common Shares, Beneficial Holders will need to register with JSE Investor Services Pty Limited.

Dematerialised Shareholders on the South African register, other than own-name registered Shareholders, who wish to attend the Meeting virtually will need to request their Central Securities Depository Participant ("CSDP") or Intermediary to provide them with the necessary letter of representation in terms of the custody agreement entered into between such Shareholder and their CSDP or broker. Dematerialised Shareholders, other than own-name registered dematerialised Shareholders, who are not attending the Meeting and who wish to be represented thereat must provide their CSDP or Intermediary with their voting instructions in terms of the custody agreement entered into between such Shareholder and their CSDP or Intermediary in the manner and time stipulated therein.

Should you have any questions regarding information contained in the enclosed documents or if you require assistance in voting your shares, please contact TSX Trust Company toll-free in North America at 1-866-600-5869 or by email at tsxtis@tmx.com or JSE Investor Services Pty Limited (Attention: Valerie Radebe) at +27 11 713 0800 or by email at meetfax@jseinvestorservices.co.za.

BY ORDER OF THE BOARD OF DIRECTORS

"Changyu Liu"

Changyu Liu

Chairman

May 6, 2025