Update on drilling at Tjate

Jubilee Platinum PLC
19 May 2005

AIM: JLP

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


       Deflection Results and Summary of Total Hole DT1 from Dsjate farm


Jubilee and its partners in Tjate Platinum Corporation (Pty) Ltd ('Tjate') today
announce the full results from the first diamond drill hole DT1 on Tjate's 2,162
hectare Dsjate farm 249 KT in the Bushveld Complex of South Africa.


Highlights:

•  Deflection 1 on the Merensky Reef assayed 7.37g/t 3PGE (platinum group
   elements) plus Au (gold) over an apparent width of 110cm

•  Deflection 2 on the Merensky Reef assayed 10.95g/t (3PGE +Au) over
   apparent width of 139cm

•  The three intersections (motherhole plus deflections) assayed a weighted 
   average grade of 8.91g/t (3PGE+Au) over an apparent width of 116cm with
   associated 0.33% nickel and 0.16% copper

•  At today's metal prices the in-situ Merensky Reef is valued at US$235/t rock

•  The deflection drilled in the UG2 chromitite reef ('UG2') assayed 5.89 g/t 
   (3PGE+Au) over an apparent width of 104cm

•  The two UG2 intersections (motherhole plus the deflection) assayed a
   weighted average grade of 6.01 g/t (3PGE+Au) over an apparent width of 93cm

•  At today's metal prices the in-situ UG2 is valued at US$123/t rock

Colin Bird, CEO of Jubilee and CEO and Project Manager of Tjate said 'These
results are very pleasing in terms of both grade and width, which have more than
matched our expectations.  There appears to be some degree of variability in
grade and width particularly in the Merensky Reef, a feature that may be a
characteristic of the reef in the region.  Drilling of our second hole DT2,
up-dip of DT1, is well underway and total hole results as above will be reported
as soon as they become available. With further data capture we will commence
pre-feasibility studies in the summer.'


The detailed drill results are shown below:

Merensky Reef
                     Apparent       3PGE+Au      Pt       Pd       Rh       Au       Ni       Cu
                     width (cm)     g/t          g/t      g/t      g/t      g/t       %        %

Motherhole DT1       99             7.78         4.45     2.49     0.22     0.62     0.33     0.19
First deflection     110            7.37         4.36     2.30     0.19     0.52     0.24     0.05
Second deflection    139            10.95        5.98     3.64     0.28     1.05     0.34     0.25

Weighted average     116            8.91         5.03     2.89     0.23     0.76     0.33     0.16



UG2 Chromitite Reef



                     Apparent       3PGE+Au      Pt       Pd       Rh       Au
                     width (cm)     g/t          g/t      g/t      g/t      g/t

Motherhole           96             5.40         2.64     2.10     0.58     0.08
Deflection           90             6.66         2.98     2.95     0.63     0.10

Weighted average     0.93           6.01         2.80     2.51     0.60     0.10





The two deflection holes in the Merensky Reef are particularly interesting in
that mineralisation persisted over 3m with overall grades respectively of 4.20g/
t and 5.59g/t 3PGE+Au.  Mining over such widths, together with reported low reef
dips of about 5 to 7 degrees, would potentially form a relatively low cost
operation.



The Dsjate farm is one of three contiguous farms in the Tjate project, which
comprises 5,143 hectares in total.



Jubilee has a 25% stake in Tjate, together with an earn-in right to a further
10% interest by expending ZAR14 million towards a bankable feasibility study.



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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