Subscription of Shares

Jubilee Platinum PLC
24 October 2006





24 October 2006




                              Jubilee Platinum Plc

                          ('Jubilee' or the 'Company')



                             Subscription of shares





Following an agreement signed by Jubilee with TransAsia Minerals Ltd ('TransAsia
') dated 4 October 2006, Jubilee is allotting 490,000 shares in relation to the
subscription clause requiring TransAsia to subscribe for $1,000,000 of Jubilee
shares at a price of £1.10 per share.



Due to exchange rate differences, Jubilee is issuing 490,000 Ordinary 1p shares
to TransAsia, as opposed to 481,000 Ordinary 1p shares referred to in a previous
announcement issued by the Company dated 16 October 2006.



These shares are expected to be admitted for trading on AIM on the 24 October
2006.



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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