Madagascar Drilling Update

Jubilee Platinum PLC
22 November 2007



November 2007

AIM: JLP
JSE: JBL


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


             Madagascar - Drilling Update at Londokomanana Project

Second Borehole Confirms New Nickel Mineralisation with PGE Credits In Northern
                                 Londokomanana



Highlights:



•         A second borehole, drilled 400metres to the north of the previously
announced new nickel discovery in the Mavoandro ultramafic formation, intersects
very wide widths of disseminated nickel-bearing sulphide mineralisation with
platinum group element (PGE) mineralisation in association.



•         Borehole MAV004 intersects 136 metres of wide intervals of
disseminated sulphide mineralisation ranging from 3m to 84m widths with weighted
average nickel values in the range 0.22% to 0.26% and peak values of up to 0.35%
Ni over 1m widths. PGE credits are up to 0.16g/t.



•         Thick widths and shallow mineralisation fits with bulk mining target
key criteria





Borehole MAV004 - Selected results


                                        Intersection
             From                              To                         Interval                       Ni
            metres                           metres                        metres                         %
              62                              146                            84                         0.22
                   Including 63                              101                          28                       0.24
                             64                               65                           1                       0.32
                             64                               67                           3                       0.26
                           82.3                             83.1                         0.8                       0.35
                            102                              120                          18                       0.23
              147                             169                            22                         0.24
                  Including 158                              159                           1                       0.36
              173                             178                             5                         0.21
              183                             189                             6                         0.23
              191                             198                             7                         0.23
                Including 196.3                              197                         0.7                       0.32





Borehole MAV004, as with previous borehole MAV002, targeted coincident
electromagnetic conductivity and geochemical copper anomalies. The lithologies
intersected generally comprise sequences of medium grained olivine pyroxenite,
pyroxenite, olivine gabbro and peridotite, within which occur disseminated
sulphides.
The Mavoandro ultramafic formation lies some 8 kilometres north along strike of
the mineralised ultramafic formations at Antsahabe, where previous drilling by
Jubilee intersected two wide zones of 48 metres and 32 metres width respectively
with excellent sulphide mineralisation



Colin Bird, CEO of Jubilee commented, 'This second intersection of nickel
mineralisation, in the newly discovered area at Mavoandro that was announced 14
November, is extremely encouraging. We now have a defined marker to target
further drilling moving towards infill drilling.





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 up
between 10% and 20% of samples submitted.





Note to Editors



The Londokomanana project is a joint venture company with TransAsia Minerals
Limited, who own 51% of the company in return for an expenditure of US$7
million.





For further information please contact:

Colin Bird                                       Louise Goodeve /Justine Howarth
Jubilee Platinum plc                             Parkgreen Communications Ltd
Tel: [phone]                               Tel + 44 20 7851 7480


Jan Bosch / Paul Brett
Investec Bank (UK) Limited
Tel+ 44 (0) 20 7597 5000




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