JUBILEE METALS GROUP PLC - Market update

Market update

Jubilee Metals Group PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or "the Company")


Market Update

Highlights

    •    Hernic Project exceeds 2 500 PGM* ounces produced in a single month during
         October 2018
    •    The Hernic Project perfectly positioned to benefit from increased metal prices for
         Palladium and Rhodium forming part of the PGM basket

* 6 Element Platinum Group Metals


Leon Coetzer, Chief Executive Officer, says:

“It is very gratifying to see our Hernic project deliver and exceed even on its stretched design
targets so early in the project’s life cycle. The project has breached, for the first time, 2 500
PGM ounces produced in a single month. This strong performance continues to favour Jubilee
to benefit from the strong palladium and rhodium prices which forms part of the PGM basket
produced at Hernic.

The current Q4 is yet another exciting period for Jubilee with the expected commissioning of
the state of the art Dilokong Fine Chrome project as well as the PlatCro PGM project.

I look forward to providing further updates to our shareholders on these exciting projects as
well as the progress made at our Kabwe project. ”



United Kingdom

5 November 2018

Contacts

Jubilee Metals Group PLC

Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913


Nominated Adviser
SPARK Advisory Partners Limited
Mark Brady/Andrew Emmott
Tel: +44 (0) 203 368 3555

Broker

Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel +44 (0) 20 7 186 9900

JSE Sponsor

Sasfin Capital (a member of the Sasfin group)

Sharon Owens
Tel +27 (0) 11 809 7500

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