Company Information for Jubilee Platinum Plc

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Company Statement

Jubilee Platinum plc is a mining exploration and development company with a focus on platinum group element (PGE) and nickel/copper.

Jubilee has developed a prospective portfolio of platinum projects, strategically placed within South Africa’s Bushveld Complex, a geological system unmatched worldwide which produces 80% of the World’s platinum.

The Company’s prime asset in South Africa is the Tjate project which has been estimated to be a target for potentially 70 million oz 6PGE (platinum, palladium, rhodium, iridium, ruthenium and osmium) + Au (gold). The project is contiguous to existing mining operations: Anglo Platinum’s Twickenham and Impala Platinum’s Marula mines.

Jubilee is also looking to capitalise on the vast untapped mineral wealth of Madagascar where it is exploring a number of nickel/copper/PGE projects and other potential chrome and nickel opportunities.

The company is also a great believer in the role of foreign direct investment as a key form of social development in developing African countries.

Current Operations

SOUTH AFRICA

Tjate

The Company has a 63 % beneficial interest in Tjate Platinum Corporation (Pty) Ltd, which holds new order prospecting rights on three contiguous farms in the eastern Bushveld: Dsjate, Fernkloof and Quartz Hill, all being down dip of Implats’ operating Marula platinum mine and Anglo Platinum’s Twickenham platinum project.

In June 2009, an independent SAMREC compliant mineral resource statement for the “First mine” area showed a combined Indicated and Inferred Mineral Resource of 22 million oz 3PGE (platinum, palladium and rhodium) + Au (Gold) (attributable 14 million oz). This resource is based on the completion of 42 diamond drilled boreholes containing 154 reef intersections over the “First mine” target area.

Based on the resource estimate the company believes an exploration target of 70 million oz (44 million attributable) 6PGE+Au  before geological losses is possible for the three farms of the Tjate project.

The Company is progressing the bankable feasibility study of the First mine.

Maude Mining and Exploration (Pty) Ltd

Maude Mining & Exploration, the Company’s 90% owned South African subsidiary, holds new order prospecting rights for PGEs on various portions of the farms Bokfontein JQ448 and Elandsdrift JQ467 and the chrome rights to one portion on Elandsdrift. These two properties in the Bushveld Complex are are located to the west of the town of Brits and cover in total some 600 hectares.

Earlier exploratory shallow drilling identified a low-PGE bearing chromitite reef on Bokfontein but did not find a similar shallow chromitite layer at its first line of drilling along dip on Elandsfontein.

The Company has recently reviewed the strategic value of the properties and as a result has entered into an unincorporated joint venture (UJV) with Benhaus Mining (Pty) Ltd, whereby Benhaus, will fund at its cost, further exploratory drilling on the properties. In return the parties have agreed to pool their respective PGE and chrome rights on Elandsrdrift and the potential rights to the PGEs in those chromite tailings generated from the chrome mining by others of the low PGE bearing chromitite reefs on Bokfontein. The UJV intend to recover PGEs from these tailing and any future tailings generated in mining of the chromitite reefs on the two properties. The UJV has commenced shallow exploratory drilling on both properties.

Braemore Acquisition

Jubilee has recently made an offer by way of a scheme of arrangement to acquire Braemore Resources plc, a company that holds ineter alia the exclusive licence to a proven DC arc furnace smelting process - "ConRoast Process" - that is particulary suitable for the smelting of inter alia high chrome bearing PGE concentrate.  This takeover will create an enlarged entity that will be an emerging platinum producer in South Africa with an exposure to the whole spectrum of activities within the PGE-industry including exploration, mining, dump re-treatment, processing and metal sales. The acquisition is expected to be completed by the end of October 2009.

Braemore also has the rights via a supply agreement with BHP Billiton to nickel bearing tailings in Australia, containing 485 000 tonnes nickel, of which some 60 % is recoverable by atmospheric acid leaching.


MADAGASCAR

The Company's main nickel-copper-platinum projects in Madagascar, include the Ambodilafa, Londokomanana and Lavatrafo projects.

Ambodilafa Ni-PGE

The Ambodilafa concession, some 160km south of Madagascar capital Antananarivo, comprises a largely unexplored 40km x 17km mafic/ultramafic intrusion in the Vohipaha complex.  The Company's exploration, which included soil sampling, airborne magnetic survey and drilling has identified PGE, and gold in-soil anomalies in various sectors of the concession.  Modest infill soil sampling targeting these PGE and gold anomalies are in progress.

Drilling results in the south of the concession has shown patchy nickel copper sulphide mineralisation in the western area whilst in the eastern area two boreholes along dip of each other intersected PGEs of 0.89 metres assaying 3.99 g/t 4E (platinum, palladium, rhodium and gold) 200m down hole and 1.02m assaying 1.04g/t 3E (platinum, palladium and gold) 92m down hole respectively.  Further drilling in these areas is under review.

Londokomanana (Antsahabe Ni-Cu) and Lavatrafo Ni-Cu-PGE

The Company's exploration drilling has a delineated a modest 450m strike length of nickel-copper mineralisation in Londokomanana and intersected sporadic nickel - PGE mineralisation on Lavatrafo.  Further exploration on these projects is under review.

Geographical Spread

South Africa, Madagascar

Board of Directors and Key Management

Major Shareholders

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