AQUARIUS PLATINUM LIMITED                           

21 December 2009

                            Issue of New Securities                            

Aquarius Platinum Limited wishes to advise that the Company has issued 199,999
common shares upon exercise of:

 i. 550,000 unlisted Ridge Mining options held by Ridge employees on the basis
    of 1 Aquarius share for every 2.75 Ridge share pursuant to the scheme of
    arrangement that was announced to the ASX on 26 May 2009.
   
The total number of shares on issue is 462,491,685.

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

In Australia:                           
                                        
Willi Boehm                             
                                        
Aquarius Platinum Corporate Services    
                                        
+61 8 9367 5211                         
                                        
In the United Kingdom:                  
                                        
Stuart Murray                           
                                        
+27 (0) 11 656 1140                     
                                        
In South Africa:                        
                                        
Charmane Russell                        
                                        
+27 (0) 880 3924                        

Registered Office: Clarendon House, 2 Church Street, Hamilton HMCK, Bermuda

Telephone: +61 8 9367 5211


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