Reconnaissance Results

Jubilee Platinum PLC 14 November 2002 JUBILEE PLATINUM plc Vat No. 801 9137 52 37 Thurloe Street London SW7 2LQ Tel: 020 7584 2155 Fax: 020 7584 5893 Email: cbird@jubileeplatinum.com 14 November 2002 Jubilee Platinum's Reconnaissance On Madagascar Property Reveals Primary Platinum Mineralisation AIM listed exploration company Jubilee Platinum plc (the 'Company') has completed its reconnaissance exploration, which has revealed the presence of primary platinum mineralisation on its mineral holdings in north western Madagascar. The programme of sampling of surface outcrops revealed platinum (Pt) + palladium (Pd) + gold (Au) values of up to 0.3 g/t with copper peaking at 8.48% and nickel at 0.89%. The Company believes that the results obtained are highly encouraging and may reflect considerable geological significance considering the reconnaissance was its first pass. The mineralisation is revealed in an oxidised surface outcrop (technically described as a 'gossan') which caps an underlying mineralised zone, some 400 metres in length with width varying between 4 and 20 metres. The lateral extension of mineralisation is open ended. Further indications of platinum sulphide (possibly sperrylite platinum sulphide) and copper nickel sulphide mineralisation well beyond this area have been identified and will be the target of the next phase of exploration. The Company is currently completing reconnaissance work on all its other global properties in Sierra Leone, South Africa and Canada and hopes to be able to announce these shortly. On behalf of the board, Colin Bird Chief Executive Officer Ends For further information, please contact: Colin Bird Simon Robinson / Justine Howarth Jubilee Platinum Plc Parkgreen Communications Ltd Tel: 020 7590 8806 Tel: 020 7287 5544 This information is provided by RNS The company news service from the London Stock Exchange