Platmin Expands Land Position in the Bushveld Complex



    Successfully Completes all Permit Conversions

    /NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
    NEWSWIRE SERVICES/

    TORONTO, Aug. 30 /CNW/ - Platmin Limited ("Platmin" or the "Company";
TSX/AIM: PPN) is pleased to announce the granting of five new Prospecting
Rights and two Converted Prospecting Rights to subsidiaries of Platmin under
the terms of the Mineral and Petroleum Resources Development Act (the "MPRDA")
of South Africa. The five new Prospecting Rights add approximately 11,198
hectares to Platmin's exploration portfolio. Platmin's attributable interests
in the new properties are noted in the table below. All new properties are
located in the PGM-rich Bushveld Complex of South Africa and were identified
as being prospective for PGMs. Prospecting work has commenced with work
programs designed to test the PGM prospectivity of the properties.
    Granting of the converted Prospecting Rights over Palmietfontien 208 JP
and Rietfontein 338 JQ marks the conclusion of Platmin's conversion process.
All of Platmin's 15 applications for conversion of old order Prospecting
Permits to Prospecting Rights recognized under the MPRDA have now been
granted.
    Details of the new Prospecting Rights and the converted Prospecting
Rights are listed as follows:

    
             New Prospecting Rights granted in terms of the MPRDA

    Property       Project  Platmin's    Total      Applicable    Expiry Date
    ------------  Location  Beneficial    Area        Mineral       of New
                 ----------  Interest  (hectares)     Rights         Order
                            ---------- ----------   ------------  Prospecting
                                                                     Right
    -------------------------------------------------------------------------
    Tweelaagte   Pilanesberg  72.39%   3,702.2785   All minerals  January 10,
    175 JP                             (three       excluding           2009
                                       properties   Chrome,
                                       combined)

    Diamant      Pilanesberg                        All minerals
    206 JP                                          excluding
                                                    Nickel
    Kleingenoeg  Pilanesberg                        All minerals
    174 JP                                          excluding
                                                    Nickel
    -------------------------------------------------------------------------
    Tuschenkomst Pilanesberg  72.39%   1,372.1300   Chrome            July 9,
    135 JP                                                              2012
    -------------------------------------------------------------------------
    Strydfontein         Far  35.47%   2,164.7148   Platinum     December 11,
    12 JP            western                        group               2011
    (portion RE)     limb of                        metals and
                    Bushveld                        associated
                     Complex                        minerals
                                                    (excluding
                                                    chrome)
    -------------------------------------------------------------------------
    Paul            South of  72.39%   707          All minerals      July 9,
    Bodenstein   Pilanesberg                                            2012
    Landgoed
    571 JQ
    -------------------------------------------------------------------------
    Nooitgezien  Malope Dome  36.05%   3,251.9336   Platinum         July 10,
    761 KS                              (combined)  Group Metals,       2012
    Goedverwacht      Malope                        Gold, Chrome,
    763 KS              Dome                        Copper, Nickel
                                                    and associated
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                                    Minerals
    -------------------------------------------------------------------------
        Converted Prospecting Rights (granted in terms of the MPRDA)

    Property       Project  Platmin's    Total      Applicable    Expiry Date
    ------------  Location  Beneficial    Area        Mineral       of New
                 ----------  Interest  (hectares)     Rights         Order
                            ---------- ----------   ------------  Prospecting
                                                                     Right
    -------------------------------------------------------------------------
    Palmiet-     Pilanesberg  72.39%   3,260.8373   All minerals      July 9,
    fontein                                         (excluding          2012
    208 JP                                          precious
                                                    stones,
                                                    dimension
                                                    stone and
                                                    chrome)
    -------------------------------------------------------------------------
    Rietfontein   North West  72.39%   1,470.9650   All minerals      July 9,
    338 JQ          Province                        (excluding          2012
                                                    chrome) and
                                                    tailings
    

    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.

    
                               www.platmin.com
    

    This Market Release contains forward-looking statements contained that
are not historical facts. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed or
implied by such forward-looking statements. Forward looking statements in this
Market Release include, but are not limited to, statements regarding the
prospectivity of the properties the subject of the new Prospecting Rights and
/ or Conversions and or the planned or ongoing work programs relating to the
properties the subject of the new Prospecting Rights and / or Conversions or
any of its Key Projects. Although Platmin believes that the assumptions and
factors used in preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as of the
date of this Market Release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. Platmin disclaims any
intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
Furthermore, forward -looking statements reflect the current expectations and
beliefs of the Company based on information currently available to the
Company. Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking statements, and even is
such actual results are realised or substantially realised, there can be no
assurance that they will have the expected consequences to, or effects on the
Company. Factors that would cause actual results or events to differ from
current expectations include, among other things, changes in commodity prices,
changes in equity markets, failure to establish estimated mineral resources
(the inferred mineral resource figures in this Market Release are estimated
and no assurance can be given that the indicated levels of minerals will be
produced), political risks arising from operating in Africa, changes to
regulations affecting the Company's activities, delays in obtaining or
failures to obtain required regulatory approvals, failure of equipment,
uncertainties relating to the availability and costs of financing needed in
the future, the uncertainties involved in interpreting drilling results and
other geological data, delays in obtaining geological results, and the other
risks involved in the mineral exploration industry. Any forward-looking
statement only speaks as of the date on which it was made and, except as may
be required by applicable securities laws, as mentioned above in this
disclaimer the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of whether as a result of new
information, future events or otherwise. As mentioned above, although the
Company believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not guarantees of
future performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein.

    This Market Release does not constitute or form part of any offer or
invitation to sell or issue or any solicitation of any offer to purchase or
subscribe for any securities in any jurisdiction, nor shall it (or any part of
it) or the fact of its distribution form the basis of, or be relied upon in
connection with, or act as any inducement to enter into, any contract or
commitment therefore.

    %SEDAR: 00023797E




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, Craig Werstiuk,
+44 20 7653 4567; Grant Thornton, Corporate Finance, (Nomad), Fiona Owen, +44
207 383 5100; Haywood Securities, John Willett, (416) 507-2345

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