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9 November 2009

Acquisition of Braemore Resources plc

by Jubilee Platinum plc ("Jubilee")

Further to Jubilee's announcement dated 30 October 2009, Jubilee has allotted 4,960,265 New Jubilee Shares to Braemore Shareholders on the SA Register and application has been made to London Stock Exchange plc for admission of the shares to trading on AIM, which is expected to occur at 8:00 a.m. on 10 November 2009.

Together with the 44,940,517 New Jubilee Shares issued to former Braemore Shareholders on the UK Register the total number of New Jubilee Shares issued to Braemore Shareholders is 49,900,782.

Contacts:

Colin Bird,  Jubilee Platinum plc                                 Tel +44 (0) 20 7584 2155

Matthew Robinson,  FinnCap                                    Tel +44 (0) 20 7600 1658

Brian Christie / Leonard Eiser,  Sasfin Capital            Tel +27 (0) 11 809 7500

Michael Kinirons,  Bishopsgate Communications        Tel +44 (0) 20 7562 3350

Capitalised terms used, but not defined, in this announcement have the same meaning given to them in the circular posted to Braemore shareholders on 14 September 2009.  All references to times are to times in London (unless otherwise stated).