KAYMIN RESOURCES LIMITED ANNOUNCES THE EXCHANGE OF ITS RIVER VALLEY JOINT VENTURE INTEREST FOR SECURITIES OF PACIFIC NORTH WEST CAPITAL CORP.

JOHANNESBURG, April 7 /CNW/ - Kaymin Resources Limited ("Kaymin"), a wholly-owned subsidiary of Anglo Platinum Limited, announces that it has closed its previously announced transaction pursuant to which Kaymin has assigned its 50% interest in the River Valley joint venture to Pacific North West Capital Corp. (" PNC") and has received as consideration for such assignment 8,117,161 common shares in the capital of PNC (the "Consideration Shares" and common shares in the capital of PNC being "Common Shares") and warrants (the "Warrants") exercisable for 3,000,000 Common Shares for three years at a price of CND$0.30 per Common Share, all pursuant to a mineral interest assignment agreement dated February 1, 2011, as amended as of April 6, 2011, (the "Assignment Agreement") with PNC.

The 8,117,161 Consideration Shares that Kaymin has acquired pursuant to the Assignment Agreement represent approximately 9.5% of the issued and outstanding Common Shares (after giving effect to the issue of such Common Shares). If exercised, the Warrants would, together with the 8,117,161 Consideration Shares, represent approximately 12.5% of the issued and outstanding Common Shares (after giving effect to the exercise of such Warrants, but not the exercise of any other convertible securities issued by PNC).

The Consideration Shares and Warrants were acquired by Kaymin for investment purposes.

SOURCE Kaymin Resources Limited

For further information:

or to obtain a copy of the report required pursuant to the early warning reporting requirements, please contact:

Anglo Platinum Limited
55 Marshall Street
Johannesburg, South Africa
Attention:  Anna Mulholland
Phone: 011.27.11.373.6111

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Kaymin Resources Limited

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