ATLATSA RESOURCES CORPORATION - Atlatsa update on Restructure plan: DMR executes amended mining rights and parties commence with implementation

Atlatsa update on Restructure plan: DMR executes amended mining rights and parties commence with implementation

 Atlatsa Resources Corporation
(previously Anooraq Resources Corporation)
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
(TSXV/JSE share code: ATL)
(NYSE MKT share code: ATL)
 (“Atlatsa” or the “Company”)
(ISIN: CA0494771029)
               
ATLATSA UPDATE ON RESTRUCTURE PLAN: DMR EXECUTES AMENDED MINING
RIGHTS AND PARTIES COMMENCE WITH IMPLEMENTATION OF RESTRUCTURE PLAN

12 December 2013, Johannesburg: Atlatsa Resources Corporation (Atlatsa) (TSXV: ATL; NYSE
MKT: ATL; JSE:ATL) is pleased to announce that the South African Department of Mineral Resources
(DMR) has executed amended mining rights in favour of its subsidiary, Bokoni Platinum Mines Pty Ltd
and Anglo American Platinum Ltd’s subsidiary, Rustenberg Platinum Mines Ltd respectively.

Pursuant to execution of the amended mineral titles Atlatsa and Anglo American Platinum will now
proceed to implement the following series of transactions, comprising key elements of the Restructure
Plan previously announced by the parties on 27 March, 2013 (“Restructure Plan”):-.

     -     The conclusion and implementation of the new debt and working capital facilities agreed
           between Anglo American Platinum and Atlatsa in terms of the Restructure Plan; and

     -    The sale and transfer by Atlatsa of mineral properties to Anglo American Platinum, comprising
           the eastern section of the Ga Phasha PGM project, together with its entire interest in the
           Boikgantsho PGM project for an aggregate purchase consideration of ZAR 1.7 billion (US$ 165
           million). The proceeds from such asset sales will be utilized by Atlatsa to reduce debt owing to
           Anglo American Platinum.

Implementation of these transactions will result in a material reduction in Atlatsa’s balance sheet debt
position and its cost of borrowing.

Johannesburg
12 December 2013

JSE Sponsor
Macquarie First South Capital (Pty) Ltd

Please refer to www.atlatsaresources.co.za for full details of the Restructure Plan.




For further information:

On behalf of Atlatsa Resources                                   Russell and Associates                 Macquarie First South Capital

Joel Kesler, Chief Commercial Officer                            Pam Wolstenholme                       Annerie Britz

Office: +27 11 779 6800                                          Office: +27 11 880 3924                Office: +27 11 583 2000

Mobile: +27 82 454 5556                                          Mobile: +27 82 872 6387


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