Funding for Ambodilafa

Jubilee Platinum PLC
06 August 2007

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


      Funding for Phase Two Exploration at Ambodilafa Project, Madagascar


Jubilee and its joint venture partner Impala Platinum Holdings ('Impala')
announce the approval of an exploration budget of up to US$1.25 million for
phase two exploration at the Ambodilafa nickel-copper-platinum project in
Madagascar. For the past year Impala has been providing full funding for the
exploration programme at Ambodilafa.

This Phase two exploration programme will focus on a 10 to 12-hole drilling
programme in three areas and further field exploration including mapping and
soil sampling necessary to extend the mineralized horizon identified during
Phase 1 drilling.

Colin Bird, CEO of Jubilee, said; 'Several targets in the extensive Ambodilafa
area require testing prior to more focused drilling. We are delighted that
Impala has elected to participate in this next important phase of exploration'

In 2006, the Company drilled three holes in the southern portions of the
licence, of which one hole, drilled on a geochemical anomaly on the fringes of
the geophysical anomaly intersected massive, semi-massive, net textured and
disseminated nickel-copper sulphide mineralisation at a depth of 24m and which
generally persisted, although not continuously, to a depth of some 220m. Higher
grade intersections included 2.2m at 1.29%Ni, 0.31%Cu, and 0.31g/t 2 platinum
group elements (2PGE) + gold(Au) and 6.5m at 0.61%Ni, 0.30%Cu and 0.12g/t
2PGE+Au.

Geological mapping, geochemical sampling, reinterpretation of the geophysical
data and results of new radiometrics survey data recently made available have
provided new information on the extent and orientation of the intrusion and
delineated areas with potential for nickel-copper as well as PGE mineralization.


About Ambodilafa

The Ambodilafa project lies within the 17.5 kilometre long by 6 kilometre wide
(as revealed by new airborne radiometrics survey recently made available)
Vohipaha ultramafic intrusive southeast of the Madagascan capital Antananarivo.
Mineralisation is associated with semi-massive, net textured and disseminated
pyrrhotite and chalcopyrite hosted by pyroxenite, olivine pyroxenite, peridotite
and olivine gabbro lithologies. The textures observed suggest an orthomagmatic
origin to the mineralization due to primary magmatic sulphide segregation within
an ultrabasic intrusive body.

The prospecting licence is held by Mineral Resources of Madagascar Sarl, 100%
owned by Jubilee. Implats has an option agreement with Jubilee to earn in a 51%
interest in the project.



For further information please contact:


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


Andrew Sarosi
Jubilee Platinum plc
Tel [phone]




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