Drilling update from Tjate

Jubilee Platinum PLC
19 July 2005

19 July 2005



AIM: JLP

                              JUBILEE PLATINUM PLC
                          ('Jubilee' or 'the Company')


            Step-out Drilling (Two Holes) on Tjate Project Confirms
                 Merensky and UG2  Reefs at Projected Horizons



Jubilee announces results for its step-out holes DT2 (overall reefs' grade and
thickness) and DT3 (Merensky reef thickness only) on the Dsjate farm ('Tjate
Project') in the Bushveld Complex of South Africa.


Highlights



•         Step out drilling (up to 650 metres on plan) intersected at projected
horizons the  Merensky reef ('MR') and  UG2 chromitite reef ('UG2') for hole DT2
and the MR for hole DT3



•         UG2 in hole DT2 included one high grade intersection of  9.23 g/t 4E
(platinum, palladium rhodium and gold)and showed an overall grade including two
deflections of  8.01 g/t 4E over an average  96 centimetre thickness



•         Current hole DT3 intersected the MR at 916 metres which was target
depth with a wide 1.8 metre mineralised reef. Drilling continues to intersect
the UG2



The detailed drill results for hole DT2 are shown below:


Merensky Reef   (intersected 722 metres)

              Apparent  4E      Pt      Pd       Rh      Au     Ni    Cu   Pt:Pd
              thickness g/t     g/t     g/t      g/t     g/t    %     %    ratio
              cm

Motherhole    62        3.44    2.19    0.89     0.13    0.23   0.22  0.11
Deflection 1  60        1.52    1.00    0.34     0.03    0.16   0.11  0.07
Deflection 2  60        6.53    3.80    2.16     0.17    0.40   0.34  0.16

Weighted 
average       61        3.83    2.33    1.13     0.11    0.26   0.22  0.11  2.1

UG2 Chromitite Reef (intersected 1109 metres)

              Apparent      4E      Pt       Pd      Rh     Au      Pt:Pd
              thickness     g/t     g/t      g/t     g/t    g/t     ratio
              cm

Motherhole    96            7.35    3.29     3.24    0.67   0.14
Deflection 1  92            6.66    3.43     3.15    0.73   0.13
Deflection 2  97            9.23    3.54     4.82    0.71   0.16

Weighted 
average       95            8.01    3.42     3.75    0.70   0.14    0.91



Colin Bird, CEO of Jubilee and Tjate and Tjate Project Manager, said 'These
results are very pleasing since they represent significant step-outs from the
location of our first hole.  They also confirm the size and mineralisation of
the deposit down dip and along strike and again have more than matched our
expectations. Our third hole DT3, intersected the Merensky reef horizon at
targeted depth and with projected thickness. We anticipate good grades from this
hole and are still on target to commence pre-feasibility studies during the
summer and early autumn.'



The Dsjate farm is one of three contiguous farms in the Tjate project, which
comprises 5,143 hectares in total.



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.



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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