ATLATSA RESOURCES CORPORATION - Atlatsas Bokoni Platinum mine concludes two-year wage agreement with employees

Atlatsa’s Bokoni Platinum mine concludes two-year wage agreement with employees

Atlatsa Resources Corporation
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
TSX/JSE share code: ATL
ISIN: CA0494771029
(“Atlatsa”)

ATLATSA’S BOKONI PLATINUM MINE CONCLUDES TWO-YEAR WAGE AGREEMENT
WITH EMPLOYEES

November 18, 2016 Atlatsa Resources Corporation (“Atlatsa”) (TSX: ATL; JSE: ATL) is
pleased to announce that Bokoni Platinum Mines (Proprietary) Limited (“Bokoni Mine”) has
concluded a two-year wage agreement (“the Agreement”) with the National Union of
Mineworkers (NUM), Togetherness Amalgamated Workers Union of South Africa (TAWUSA)
and the United Association of South Africa, (UASA) retrospectively effective from 1 July 2016.
The Agreement has been extended to all non-union affiliated employees in terms of section
23 of the Labour Relations Act 66 of 1995.

The Agreement includes*:

Increase in basic pay

              Band                               2016                      2017
             A1 – B7                       ZAR850 per month         ZAR1 000 per month
             C1 – D1                         6% per annum             6.5% per annum


Increase in allowances (per month)

         Allowances                                2016                    2017
    Living out allowance                          ZAR50                   ZAR100
  Home ownership allowance                        ZAR50                   ZAR100
   Medical aid contributions                        5%                     5.5%
    Transport allowance                           ZAR30                   ZAR50
   Dog handlers allowance                            -                    ZAR50

* Currency values are presented in South African Rand (ZAR)


The impact of the Agreement will result in an increase in the labour cost at Bokoni Mine, with
a cost-to-company increase of 6.38% in year one and 7.00% in year two or an average of
6.69% over the two year period.

Harold Motaung, Chief Executive Officer of Atlatsa, said, “We are pleased with the constructive
and collaborative manner in which the Bokoni Mine management and Unions progressed and
concluded the wage negotiations. The finalisation of the wage agreement supports labour
stability at the mine and bodes well for our on-going working relationship with our employees,
Unions and broader stakeholder groups.”

Queries:

On behalf of Atlatsa
Joel Kesler
Chief Commercial Officer
Office: +27 11 779 6800
Email: Joel@atlatsa.com

JSE Sponsor:
One Capital Sponsor Services Proprietary Limited
Kathy Saunders / Taryn Carter
Office: +27 11 550 5000

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