AQUARIUS PLATINUM LIMITED

ASX, LSE & JSE

3 February 2010

Issue of New Securities

Aquarius Platinum Limited wishes to advise that the Company has issued 4,181
common shares upon exercise of 11,500 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 462,755,572.

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

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

Email: info@aquariusplatinum.com

Telephone: +61 8 9367 5211