Issue of Loan Note

Jubilee Platinum PLC
27 January 2006

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


           £1.5 million raised by way of a 4 year unsecured loan note
                               convertible at 70p


Jubilee is pleased to announce that it has come to an agreement with City
Natural Resources High Yield Trust Plc for the provision of a £1.5 million
capital raising.  The cash raised will be used to fund working capital
requirements for its exploration and development programmes in South Africa and
Madagascar.


The principal terms of the loan note are:


•         The loan note is unsecured and has a maturity date of 26 January 2010



•         The loan note is convertible at the option of the holder at any time
prior to the maturity date, after 12 months from the issue date, at a price of
£0.70 (conversion price), by the Company issuing 2,142,857 Ordinary 1p shares



•         After the initial 12-month period, if the 20-day average closing price
of the Company's shares at any time attains £0.85 or more, the Company may call
the convertible loan note for conversion at the conversion price



•         The number of ordinary 1p shares to be issued upon conversion of the
note are subject to proportional adjustment to reflect stock dividends, share
splits, reverse share splits and other anti-dilutive events



•         Upon a change of control involving the acquisition of voting control
or direction over 50% or more of the ordinary shares of the Company, City
Natural Resource High Yield Trust Plc has the right to require the Company to
repurchase their loan note, in whole or in part, at a price equal to 101% of the
principal amount, plus accrued and unpaid interest thereon



For further information please contact:

Colin Bird                                  Justine Howarth / Annabel Leather
Jubilee Platinum plc                        Parkgreen Communications Ltd
Tel: [phone]                          Tel [phone]




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