Drill Results from Tjate

Jubilee Platinum PLC
27 April 2005

27 April 2005



AIM: JLP



                              JUBILEE PLATINUM PLC

                          ('Jubilee' or 'the Company')



           Drilling Intersects UG2 Chromitite Reef on Tjate Project





Highlights



-        Drilling intersects the UG2 Chromitite reef on Tjate Project in the
         Bushveld Complex of South Africa



-        High grade of 6.29g/t platinum group elements ('PGEs') plus gold 
         (Au)over 0.81 metre (apparent) reef width



-        Platinum (Pt) to palladium (Pd) ratio of 1.3 to 1



-        In-situ value of reef estimated at US$137 per ton rock at current metal
         prices



Jubilee and its partners in Tjate Platinum Corporation (Pty) Ltd ('Tjate') today
announce further significant drill results from the first diamond drill hole DT1
on Tjate's 2,162 hectare Dsjate farm 249 KT. Following the intersection of the
Merensky reef at 868.5 metres (announced 10 March 2005), continued drilling of
hole DT1 intersected the UG2 Chromitite reef (UG2) at 1247.4 metres. The assay
results of the mother hole intersection indicate a weighted average grade of
6.29 g/t 3PGE + gold - sometimes referred to as 4E - over 0.81 metre (apparent)
reef width. The in-situ 4E value of this intersection is estimated at US$137per
ton of rock at current metal prices (as calculated on 22 April 2005).



The weighted averages for the individual metals and in-situ values over the reef
section (1247.59 metres to 1248.40 metres) are as follows:



                            Platinum         Palladium    Rhodium        Gold

            Assay g/t       3.09             2.44         0.68           0.08

            US$/t rock      87               16           33             1



Colin Bird, CEO of Jubilee/Tjate, said 'We are very pleased that the results
achieved from this further drilling are again up to expectations.  The grade and
thickness of the UG2 Reef intersection continues to confirm third-party
predictions that the Tjate area contains PGM values consistent with other
operations in the area. We have carried out three deflections: two on the
Merensky Reef and one on the UG2 Reef and will report the results of these as
soon as they become available.'



Vincent Phaahla, Chairman of Tjate, commented, 'I am most encouraged by the
continued drilling success, which confirms my long held conviction of the
property's potential. The results further strengthen my belief that the Tjate
farms represent a world-class PGM resource. We will now accelerate the drilling
programme to generate the necessary parameters for a pre feasibility study.'



Jubilee, as project manager, has decided to drill hole DT2 updip of hole DT1 to
establish continuity of reef, which the directors' believe subcrops at around
the 650 metre contour at the eastern boundary.  The Dsjate farm is one of three
contiguous farms in the Tjate project, which comprises 5,143 hectares in total.
The directors believe, as advised, that the three farms are all underlain by the
Merensky and the UG2 chromitite reefs.



Jubilee has a 25% stake in Tjate, together with an earn-in right to a further
10% interest by expending ZAR14 million towards a bankable feasibility study.
The drilling programme is the first step in the feasibility study, which will
determine the potential mine size, capital cost of development and operating
costs.




For further information please contact:

Colin Bird                                 Cathy Malins / Annabel Leather

Jubilee Platinum plc                       Parkgreen Communications Ltd

Tel: [phone]                         Tel [phone]


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