Tjate Update

Jubilee Platinum PLC
29 September 2005

29 September 2005



AIM: JLP

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


            Full results for step-out borehole DT3 on Tjate Project


Jubilee announces the full results for its step-out borehole DT3 on the Dsjate
farm ('Tjate Project') in the Bushveld Complex of South Africa. The borehole was
stepped out some 200 metres along strike and 800 metres along the downdip of
DT2, the second hole.


Set Point Laboratories in Johannesburg carried out the analyses of the borehole
core samples. This laboratory is SNAS TO223 and ISO 17025 accredited.


Highlights



•         Borehole DT3 intersected the Merensky reef ('MR') and UG2 Chromitite
reef ('UG2') at projected depths

•         Grade and thickness of reefs are consistent with expectations

•         MR showed 6.92 g/t 4E (platinum, palladium rhodium and gold) and UG2
showed 7.49/gt

•         The MR showed good nickel and copper contributions: 0.35% nickel and
0.29% copper

•         Results are confirming the presence of a mineable resource downdip of
existing and developing operations

•         Drilling of fourth step-out borehole has commenced



Colin Bird, CEO of Jubilee and Tjate and Tjate Project Manager, said 'Jubilee
has completed its third borehole at a significant step-out from its previous
boreholes. The results are consistent with our expectations, confirm our
prognosis for reef grade, dip and thickness and provide us with the confidence
to commence now with pre-feasibility studies'.


The full results for the borehole are shown below:


                Apparent       4E     Pt    Pd    Rh    Au     Ni    Cu    Pt:Pd
                thickness      g/t    g/t   g/t   g/t   g/t     %    %     ratio
                cm

Merensky Reef



Motherhole     63            5.05   3.18  1.39   0.13  0.35  0.28   0.21
Deflection 1   60            6.85   4.10  2.11   0.20  0.44  0.40   0.19
Deflection 2   61            8.93   5.10  2.96   0.24  0.63  0.36   0.19
Weighted 
  average      61            6.92   4.11  2.14   0.19  0.47  0.35  0.20     1.92



                Apparent        4E       Pt     Pd     Rh      Au    Pt:Pd
                thickness       g/t      g/t    g/t    g/t     g/t   ratio
                cm

UG2 Chromitite 
  Reef

Motherhole       76           7.54      3.13   3.35  0.77    0.29
Deflection 1     83           7.40      3.27   3.26  0.76    0.11
Deflection 2     87           7.42      4.14   2.62  0.57    0.09
Weighted average 82           7.49      3.55   3.08  0.70    0.16     1.16





The Dsjate farm is one of three contiguous farms in the Tjate project, which
comprises 5,143 hectares in total with an inferred resource of 282 million
tonnes and 66 million ounces 5PGE (platinum group elements) plus gold of which
22.8 million ounces are attributable to Jubilee.


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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