Drilling Update at Tjate

Jubilee Platinum PLC
11 October 2007



11 October 2007

AIM: JLP
JSE: JBL



                              JUBILEE PLATINUM PLC

                          ('Jubilee' or 'the Company')

  Exceptional PGM Values (Plus 10g/t) and Reef Thickness Intersected at Tjate



Highlights



•         Borehole DT9 results (motherhole) showed 10.98 g/t 4E (platinum,
palladium, rhodium and gold), 0.33% nickel (Ni) and 0.23% copper (Cu) over
apparent 2.21 metres thickness and in the footwall (FW) 9.12 g/t 4E, 0.28% Ni
and 0.16% Cu over 2.15 metres



•         First deflection showed 6.75g/t 4E, 0.30% Ni and 0.15% Cu over 2.48
metres in MR and 11.05g/t 4E, 0.38% Ni and 15% Cu over 1.80 metres in the
footwall



•         Total MR only (with 3 deflections) showed weighted average 6.30 g/t
4E, 0.24% Ni and 0.14% Cu over 2.01 metres



•         Total MR plus footwall showed weighted average 8.11g/t 4E, 0.29% Ni
and 0.17% Cu over 2.91 metres



•         Merensky reef intersected at a depth of 822 metres and UG2 reef at
1211 metres



•         UG2 (including 2 deflections) results showed weighted average 5.96 g/t
4E over 0.94 metres





Jubilee Platinum announces exceptional results for its borehole DT9 on the
Dsjate farm area of the Tjate Project in the Bushveld Complex of South Africa.
This borehole was stepped out some 500 meters along strike to the north of the
most northerly line of previously drilled boreholes. This development extends
significantly the area of mineralisation for resource estimation.



Detailed results for this borehole are shown in Table 1 appended.





Colin Bird, CEO of Jubilee and Tjate Project Manager, said: 'These are
exceptional Merensky reef results both in terms of grade and reef thickness. The
Tjate deposit is demonstrating consistency, reliability and high grade, which
gives us the confidence to embark on our bankable feasibility study.'





Table 1         DT9 results for Merensky Reef (MR), Footwall (FW) and UG2 reef intersections


                          Apparent        4E        Pt        Pd        Rh        Au        Ni        Cu       Pt:Pd
                          thickness      g/t        g/t       g/t       g/t       g/t        %         %       ratio
                             (m)
Merensky
Motherhole MR               2.21        10.98      6.11      3.67      0.27      0.92      0.37      0.13       1.7
Motherhole FW               2.15         9.12      5.04      3.08      0.20      0.79      0.28      0.16       1.8
Total motherhole            4.36        10.06      5.59      3.38      0.24      0.86      0.33      0.20       1.7

Deflection 1 MR             2.48         6.75      3.50      2.51      0.22      0.52      0.30      0.15       1.4
Deflection 1 FW             1.80        11.05      5.70      3.99      0.20      1.17      0,38      0.20       1.4
Total deflection 1          4.28         8.56      4.43      3.13      0.21      0.79      0.34      0.17       1.4

Deflection 2 MR             1.00         4.09      2.57      1.18      0.10      0.25      0.17      0.09       2.2
Deflection 3 MR             2.00         4.89      2.90      1.40      0.12      0.47      0.13      0.19       2.1
Wtd. ave. MR                2.01         6.30      3.49      2.12      0.16      0.52      0.24      0.14       1.7
Wtd. ave. MR+FW             2.91         8.11      4.44      2.76      0.17      0.72      0.29      0.17       1.6

UG2
Motherhole                  1.05         5.30      2.38      2,31      0.53      0.08       na        na        1.0
Deflection 1                0.80         6.43      2.94      2.75      0.63      0.11       na        na        1.1
Deflection 2                0.96         6.29      2.73      2.83      0.62      0.10       na        na        1.0
Wtd.  ave.                  0.94      5.96         2.66      2.61      0.59       010       na        na        1.0

na not applicable





Note to Editors



The Tjate project comprises three contiguous farms, totalling 5,143 hectares in
the eastern Bushveld: namely Dsjate, Fernkloof and Quartz Hill. The farms are
downdip of Impala Platinum's operating Marula platinum mine and of Anglo
Platinum's developing Twickenham platinum mine. Jubilee has recently completed a
postive scoping study based on the first phase drilling of seven boreholes on
the Dsjate farm. All the holes, as previously reported, intersected at targeted
depths the Merensky reef and, where drilled deeper, the UG2 reef. These two
reefs are the two main PGM-bearing horizons in the Bushveld.



SGS Lakefield Research Africa in Johannesburg carried out the analyses of the
borehole core samples.  This laboratory is SNAS TO169 accredited.



For further information please contact:



Colin Bird                             Louise Goodeve / Justine Howarth
Jubilee Platinum plc                   Parkgreen Communications Ltd
Tel: [phone]              Tel [phone]


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