Platmin's BEE Partner Moepi consolidates BEE ownership in Boynton


    TORONTO, Jan. 31 /CNW/ - Platmin Limited (the "Platmin" or the "Company"
TSX/AIM: PPN) is pleased to announce that the Moepi group of companies
("Moepi") now holds approximately 26.80% of Boynton Investments (Pty) Ltd
("Boynton") Platmin's operating subsidiary in South Africa which represents
the entire BEE holding in Boynton. This final consolidation marks the
completion of a BEE consolidation process which started before Platmin's IPO
and listings in August of 2006.
    Moepi's chairman, Kwape Mmela said today that "the acquisition of this
last tranche in Boynton is in line with Moepi's strategy to grow into a
significant BEE company in the PGM sector of South Africa. We look forward to
growing our Projects with Platmin and we are excited by progress towards
production in Q1 2009."


    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 Pilanesberg Project is currently in the development phase with the balance
expected to follow. All of Platmin's projects are located in the Bushveld
Complex of South Africa, which is estimated to contain approximately 90% of
global platinum Mineral Resources.


    Certain statements contained in this market release constitute
forward-looking information within the meaning of securities laws.
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. Forward - looking statements in this market release include
statements relating to; achieving first production at Platmin's Pilanesberg
Project by the first calendar quarter of 2009, commencing construction or
commencing construction within a time frame that would allow first production
by the first calendar quarter of 2009, the availability of sufficient
electricity or any electricity to commence with any of Platmin's projects
including with regards to Platmin's production target of Q1 2009. 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

    %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: Peter
Barrett-Lennard, +44 207653 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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