Nan Tin Agreement

Jubilee Platinum PLC
26 February 2007

                              Jubilee Platinum Plc
                          ('Jubilee' or 'the Company')

     Jubilee Acquires Minority Partner's Interest in Madagascan Subsidiary

Jubilee is pleased to announce that it has elected, as per a shareholders
agreement with Nan Tin Polychrome Sarl ('Nan Tin') dated August 2005, to
exercise its right to purchase 10% (two thirds) of Nan Tin's 15% interest in the
Company's Madagascan subsidiary, Mineral Resources of Madagascar Sarl ('MRM')
and further, to acquire the remaining 5% interest that Nan Tin holds in MRM.
The total purchase price is US$2million in either shares or cash at the
Company's sole election, payable in stages and on conditions precedent being met
in full to the Company's satisfaction.  Following the satisfactory completion of
the transaction, Jubilee will own 100% of MRM.

The phased payment will be made as follows:

  • US$250,000 in cash within 60 days of the conditions precedent being met in
    full

  • US$375,000 in cash or shares on or before 30 June 2007

  • US$375,000 in cash or shares on or before 31 December 2007

  • US$1,000,000 in cash or shares on or before 30 June 2008

The outstanding conditions precedent are that Nan Tin:

  • waives all its future rights in respect of all of MRM's properties
    currently held and or contemplated and gives Jubilee its voting rights in
    all matters and operations regarding MRM; and

  • ensures that it transfers its entire shareholding in MRM to Jubilee, and
    that it signs such paperwork and does such things as may be necessary to
    ensure such transfer. Pending the completion of the transfer Nan Tin hands
    over to Jubilee all documents, papers and other items concerning its
    interest in MRM.

Colin Bird, CEO of Jubilee commented, 'All our Madagascan properties are making
positive progress and it is considered appropriate to purchase outright the
minority shareholder's interest in MRM in order to advance the properties in a
way that is consistent with Jubilee's strategic objectives.'

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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