AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

23 October 2009

Issue of New Securities

Aquarius has issued 430,590 new fully paid common shares to former employees of
Ridge Mining Limited (Ridge) following the transfer of 1,184,125 Ridge shares
to Aquarius on the basis of 1 Aquarius share for every 2.75 Ridge Share.

The Ridge shares arose as a result of the exercise of Ridge options that were
in existence prior to the scheme of arrangement between Ridge and its
shareholders relating to the all share acquisition by Aquarius of Ridge.

The total number of shares on issue is 462,094,914.

For further information please visit www.aquariusplatinum.com or contact:

In Australia:                                
                                             
Willi Boehm                                  
                                             
Aquarius Platinum Corporate Services         
                                             
+61 8 9367 5211                              
                                             
In South Africa:                             
                                             
Charmane Russell                             
                                             
+27 (0) 880 3924                             

REGISTERED OFFICE

Aquarius Platinum Limited - Clarendon House - 2 Church Street - Hamilton HMCX
Bermuda

Email: info@aquariusplatinum.com

Telephone: +61 8 9367 5211


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