Reconnaissance Results

Jubilee Platinum PLC
14 November 2002





                                                            JUBILEE PLATINUM plc
                                                             Vat No. 801 9137 52

                                                                                 
                                                               37 Thurloe Street                                        
                                                                  London SW7 2LQ
                                                              Tel: [phone]
                                                              Fax: [phone]
                                                Email: [e-mail]



14 November 2002





         Jubilee Platinum's Reconnaissance On Madagascar Property
                 Reveals Primary Platinum Mineralisation





AIM listed exploration company Jubilee Platinum plc (the 'Company') has
completed its reconnaissance exploration, which has revealed the presence of
primary platinum mineralisation on its mineral holdings in north western
Madagascar.



The programme of sampling of surface outcrops revealed platinum (Pt) + palladium
(Pd) + gold (Au) values of up to 0.3 g/t with copper peaking at 8.48% and nickel
at 0.89%.  The Company believes that the results obtained are highly encouraging
and may reflect considerable geological significance considering the
reconnaissance was its first pass.



The mineralisation is revealed in an oxidised surface outcrop (technically
described as a 'gossan') which caps an underlying mineralised zone, some 400
metres in length with width varying between 4 and 20 metres.  The lateral
extension of mineralisation is open ended.  Further indications of platinum
sulphide (possibly sperrylite platinum sulphide) and copper nickel sulphide
mineralisation well beyond this area have been identified and will be the target
of the next phase of exploration.



The Company is currently completing reconnaissance work on all its other global
properties in Sierra Leone, South Africa and Canada and hopes to be able to
announce these shortly.



On behalf of the board,



Colin Bird
Chief Executive Officer



                                      Ends





For further information, please contact:

                                    
Colin Bird                                     Simon Robinson / Justine Howarth
Jubilee Platinum Plc                           Parkgreen Communications Ltd
Tel: [phone]                             Tel: [phone]


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