Joint Venture agreement

Jubilee Platinum PLC 19 September 2002 JUBILEE PLATINUM PLC 7-8 Kendrick Mews, London, SW7 3HG Telephone: (44) 20 7590 8806 Fax: (44) 20 7589 7806 Email: jub02@hotmail.com 19 September 2002 GOODFELLOW-FALLIS PGE PROPERTY VENTURED Thunder Bay Mining Division Jubilee Platinum plc, the AIM listed platinum exploration company, has entered into a joint venture agreement with Canadian TSX listed East West Resource Corporation, on the Goodfellow-Fallis property, part of the Thunder Bay Mining Division in Ontario, Canada. The 214 claim unit property covers a 9 mile long section of the Quetico Fault trend with associated gabbro-pyroxenite intrusions and is located 8 miles south west of the Lac des Iles River property that is presently being explored by Platinum Group Metals. Recent drilling near the Lac des Iles River property has yielded 4 gram PGE/4 m and a series of PGE showings have been identified along the Quetico Trend. Previous IP surveys on Goodfellow have identified anomalies that are similar to the IP anomalies at Lac des Iles River. Jubilee may earn a 50% interest by spending C$428,000 over 5 years and a 60% interest by completing a feasibility study to the standards of the TSE. A 70% interest may be earned by financing the property into production. Drill targets have already been identified and a work commitment of C$100,000 is to be spent by March 30, 2003. The agreement is subject to due diligence and board approval. ON BEHALF OF THE BOARD Colin Bird Chief Executive For further information, please contact: Colin Bird Simon Robinson / Justine Howarth Jubilee Platinum Parkgreen Communications Tel: 020 7590 8806 Tel: 020 7287 5544 This information is provided by RNS The company news service from the London Stock Exchange