Platmin Limited Announces CDN$80.75 million offering of common shares



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRES OR FOR DISSEMINATION IN
    THE UNITED STATES/

    TORONTO, Nov. 27 /CNW/ - Platmin Limited (TSX, AIM: PPN) (the "Company"
or "Platmin") announced today that it has entered into an underwriting
agreement with a syndicate of underwriters jointly led by RBC Capital Markets
and GMP Securities L.P., and including Haywood Securities Inc. (collectively,
the "Underwriters"), to purchase 9,500,000 common shares at a price per share
of Cdn.$8.50 to raise gross proceeds of Cdn.$80,750,000. The net proceeds will
be used principally to advance the development of the Company's Pilanesberg
Project. The offering is expected to close on December 6, 2007.
    Platmin has also granted to the Underwriters the option to purchase up to
an additional 15% of the common shares sold at the offering price for a period
of thirty (30) days following the closing. If this over-allotment option is
exercised in full, the total gross proceeds of the offering will be
Cdn.$92,862,500.
    Platmin will file today, with the securities commissions and other
similar regulatory authorities in each of the provinces of Canada (other than
Québec), a final short form prospectus relating to the issuance of the common
shares.
    This news release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities in the United States or any
other jurisdiction. The common shares being offered have not been and will not
be registered under the U.S. Securities Act of 1933 and state securities laws.
Accordingly, the common shares may not be offered or sold in the United States
except pursuant to applicable exemptions from registration.

    ABOUT PLATMIN

    Platmin is a TSX and AIM (PPN) listed PGM exploration and development
company focused on its four key advanced projects that host PGM mineral
resources and reserves: Pilanesberg, M'Phatlele, Grootboom, and Loskop of
which the first three are currently in the development phase. All of Platmin's
projects are located in the Bushveld Complex of South Africa, which is
estimated to contain approximately 90% of global platinum resources.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

    Certain statements contained in this news release constitute
forward-looking information within the meaning of securities laws, including
statements regarding the completion of the offering of common shares.
Forward-looking information may relate to this and other matters identified in
our public filings, our future outlook and anticipated events or results and,
in some cases, can be identified by terminology such as "may", "will",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"predict", "potential", "continue" or other similar expressions concerning
matters that are not historical facts. These statements are based on certain
factors and assumptions including the results of marketing efforts, expected
growth, results of operations, performance and business prospects and
opportunities. While we consider these assumptions to be reasonable based on
information currently available to us, they may prove to be incorrect.
    Forward looking-information is also subject to certain factors, including
risks and uncertainties that could cause actual results to differ materially
from what we currently expect. These factors include changes in market and
competition, governmental or regulatory developments and general economic
conditions. There can be no assurance that the offering of Common Shares will
be completed at all or on terms acceptable to Platmin.





For further information:

For further information: Platmin Limited: 6 EcoFusion Office Park, Block
B, 324, Witch-Hazel Avenue, Highveld Park X59, 0157, Centurion, 0067, South
Africa; Keith Liddell, Executive Deputy Chairman, +61 8 9221 7466; Ian Watson,
Chief Executive Officer, +27 12 661 4280; RBC Capital Markets: Peter
Barrett-Lennard, +44 20 7653 4253; Grant Thornton, Corporate Finance (Nomad):
Fiona Owen, +44 207 383 5100; GMP Securities L.P.: Mark Wellings, (416) 367
8600; Haywood Securities: John Willett, (416) 507-2345

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PLATMIN LIMITED

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