Prospecting Permits Granted

Jubilee Platinum PLC 23 March 2004 23 March 2004 Jubilee Platinum Granted First Prospecting Permits in South Africa Jubilee Platinum plc ('Jubilee' or 'the Company'), the AIM quoted mining group, has received prospecting permits for its Houtenbek, Onverwacht and Mapochsgronde platinum group metal (PGM) properties in the Eastern Limb of the PGM bearing Bushveld Complex in South Africa. These permits were granted to Jubilee by the Department of Minerals and Energy of South Africa under the Minerals Act 1991: Section 6 (1), giving the Company the right to carry out prospecting activities, such as drilling, digging of trenches and pits, sinking of exploration shafts, rock and soil sampling. Jubilee intends to carry out a combination of geochemical soil sampling and geophysics, involving ground and or airborne magnetic surveys, as appropriate, to establish targets for eventual drilling. Colin Bird, CEO of Jubilee, said 'The receipt of our first prospecting permit in the Bushveld marks a key milestone for the Company as it will enable us to take our projects to the next phase. We also await the imminent release of the permits relevant to our other PGM exploration areas in the Bushveld Complex.' Ends For further information please contact: Colin Bird Justine Howarth / Cathy Malins Jubilee Platinum plc Parkgreen Communications Ltd Tel020 7584 2155 Tel 020 7287 5544 www.jubileeplatinum.com This information is provided by RNS The company news service from the London Stock Exchange