Ka An announces proxies representing over 52% of the outstanding votes of Eastern Platinum Limited

TORONTO, June 30, 2016 /CNW/ - Ka An Development Co. Limited ("Ka An"),  a registered holder of 12,777,994 common shares of Eastern Platinum Limited ("ELR") (TSX:ELR), announced today that proxies representing over 52% of the shares that can be voted at the ELR Annual General Meeting to be held on July 5, 2016 (the "Meeting") have been granted in favour of representatives of Ka An and deposited with ELR.  Such proxies will be voted in favour of Ka An's director nominees, and will be withheld from voting for the director nominees put forth by ELR at the Meeting.  Accordingly, Ka An has delivered a letter to ELR proposing a protocol for the Meeting and requesting a meeting by teleconference to plan an orderly Meeting and a smooth transition of the ELR board of directors.

SOURCE Ka An Development Co. Limited

For further information:

please contact Ka An at the address or number specified below

Ka An Development Co. Limited
9/F Amtel Bldg
148 Des Voeux RD Central
Central Hong Kong

Attn: Liu Chang Yu, Managing Director
Tel: +86 156 5296 1195

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Ka An Development Co. Limited

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