Madagascar Drilling Update

Jubilee Platinum PLC
03 October 2007



03 October 2007




AIM: JLP
JSE: JBL




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


                Madagascar - Antsahabe Prospect Drilling Update


        Wide Nickel-Copper Mineralisation Intersected in Borehole ANT009


Highlights:


•  Wide zone of nickel and copper sulphide mineralisation intersected at
   30 metres depth from surface

•  Total 32 metre down-hole intersection assaying a weighted average of 0.33% 
   Ni (at cut off 0.2% Ni) and 0.12% Cu including 5 metres (from 36 to 41
   metres down hole) grading 0.40% Ni 0.13% Cu

•  Selected results show higher grade zones that could be selectively
   mined; 0.49% NI over 1.35 metres and 0.63% Ni over 0.9 metres

•  Highest grade intersection (0.2 metres) assayed 1.24% Ni and 0.33% Cu


Jubilee announces pleasing results from its borehole ANT009, drilled on the
Antsahabe prospect in the Northern area of the Londokomanana Property,
Madagascar. The borehole intersected 32 metres of continuous nickel (Ni) copper
and (Cu) sulphide mineralization at shallow 30 metres depth from the surface.
The drill hole targeted an electromagnetic (e-m) conductivity anomaly, which was
coincident with geochemical copper-in-soil anomalies. The hole is stepped out
some 800 metres southeast of hole ANT001, which previously announced intersected
48 metres of excellent sulphide mineralisation. The Londokomanana project is a
joint venture with TransAsia Minerals Limited, who have the right to earn-in 51%
of the project for an expenditure of $7 million.

Detailed results of the mineralised intersection are given in Table 1 below.

Colin Bird, CEO of Jubilee commented, 'Further to superb drilling results at
borehole ANT001, we are again very pleased with these latest results from
borehole ANT009, which lies some 800 metres south east along strike from
borehole ANT001, the northern most hole drilled on the Anstahabe formation.'

Set Point Laboratories (ISO 17025 and SANAS Accredited) in Johannesburg, South
Africa, carried out analyses of the samples. Quality control and assurance in
place currently comprises of standards, blanks and check samples making between
10% and 20% of samples submitted.


For further information please contact:

Colin Bird                                     Louise Goodeve / Justine Howarth

Jubilee Platinum plc                           Parkgreen Communications Ltd

Tel: [phone]                             Tel [phone]






Table 1      Detailed results from the 32-m mineralised intersection
             (in bold border)


     FROM          TO      LENGTH    Au+Pt+Pd       Au       Pt       Pd        Cu       Ni
    METRES       METRES    METRES      ppm         ppm      ppm      ppm       ppm       ppm

     0.00         25.00      25        0.01        0.01   < 0.01   < 0.01      256       569
     25.00        26.00       1        0.00      < 0.01   < 0.01   < 0.01      278       708
     26.00        27.03     1.03       0.01        0.01   < 0.01   < 0.01      607      1061
     27.03        28.00     0.97       0.01        0.01   < 0.01   < 0.01     1384      2681
     28.00        29.00       1        0.06        0.03     0.01     0.02      966      1992
     29.00        30.00       1        0.04        0.02   < 0.01     0.02     1110      1161
     30.00        30.40      0.4       0.03        0.02   < 0.01     0.01     1552      2318
     30.40        30.83     0.43       0.05        0.04   < 0.01     0.01     1718      3597
     30.83        31.83       1        0.05        0.02     0.01     0.01     1187      2058
     31.83        32.83       1        0.04        0.03   < 0.01     0.01     1005      3647
     32.83        33.46     0.63       0.04        0.02   < 0.01     0.01     1291      3267
     33.46        34.46       1        0.05        0.03   < 0.01     0.02     1690      4250
     34.46        35.30     0.84       0.02        0.02   < 0.01   < 0.01     1253      2268
     35.30        36.21     0.91       0.02        0.02   < 0.01   < 0.01     1066      2421
     36.21        36.71      0.5       0.05        0.03   < 0.01     0.01     1041      2122
     36.71        37.30     0.59       0.06        0.05   < 0.01     0.01     1412      6296
     37.30        38.30       1        0.03        0.02   < 0.01     0.01     1107      2465
     38.30        39.30       1        0.04        0.03   < 0.01     0.01     1307      2524
     39.30        40.20      0.9       0.04        0.03   < 0.01     0.02     1668      5531
     40.20        40.85     0.65       0.06        0.02     0.01     0.02     1757      4387
     40.85        41.51     0.66       0.08        0.04     0.02     0.01      698      3869
     41.51        42.53     1.02       0.05        0.02     0.01     0.01      886      2014
     42.53        42.98     0.45       0.10        0.07     0.01     0.02     1571      3013
     42.98        43.21     0.23       0.07        0.03     0.03     0.02     2060      5540
     43.21        43.80     0.59       0.03        0.02   < 0.01     0.02      933       708
     43.80        44.85     1.05       0.03        0.03   < 0.01   < 0.01      764      2181
     44.85        45.90     1.05       0.05        0.02     0.01     0.02      773      2768
     45.90        46.68     0.78       0.05        0.03   < 0.01     0.02     1471      3419
     46.68        47.53     0.85       0.05        0.02     0.01     0.02     1305      4128
     47.53        48.21     0.68       0.15        0.05     0.03     0.06     1501      4652
     48.21        48.89     0.68       0.06        0.02     0.02     0.03     1119      3888
     48.89        49.24     0.35       0.05        0.02   < 0.01     0.02     1141      3923
     49.24        49.44      0.2       0.09        0.04     0.02     0.03     1448      4105
     49.44        49.77     0.33       0.07        0.06   < 0.01     0.02      817      2049
     49.77        50.55     0.78       0.06        0.02     0.01     0.02     1158      3418
     50.55        51.00     0.45       0.08        0.02     0.02     0.03      715      2313
     51.00        51.24     0.24       0.07        0.03     0.02     0.02     1701      4714
     51.24        52.16     0.92       0.06        0.04   < 0.01     0.02     1248      3353
     52.16        52.80     0.64       0.08        0.03     0.03     0.02     1558      4030
     52.80        53.49     0.69       0.03        0.01   < 0.01     0.02      949      2565
     53.49        54.26     0.77       0.03        0.02   < 0.01     0.01      818      2281
     54.26        54.76      0.5       0.04        0.02   < 0.01     0.02     1218      2403
     54.76        55.11     0.35       0.11        0.02     0.06     0.03     1959      6980
     55.11        56.11       1        0.05        0.03   < 0.01     0.02     1481      4030
     56.11        57.04     0.93       0.02        0.02   < 0.01   < 0.01      806      1849
     57.04        57.60     0.56       0.04        0.03   < 0.01     0.01     1203      2178
     57.60        57.80      0.2       0.09        0.04   < 0.01     0.05     3307     12353
     57.80        58.57     0.77       0.06        0.04   < 0.01     0.02     1484      3481
     58.57        59.21     0.64       0.06        0.02     0.02     0.03     1488      4796
     59.21        60.21       1        0.02        0.01   < 0.01     0.01      752      2198
     60.21        61.21       1        0.03        0.03   < 0.01   < 0.01      972      2468
     61.21        61.74     0.53       0.01       <0.01   < 0.01     0.01      866      2989
     61.74        62.25     0.51       0.03        0.02   < 0.01     0.01     1072      2635
     62.25        62.60     0.35       0.02        0.02   < 0.01   < 0.01      451       785
     62.60        63.60       1        0.00       <0.01   < 0.01   < 0.01      160       498




                      This information is provided by RNS
            The company news service from the London Stock Exchange