JBL - Jubilee Platinum Plc - Shareholder update and withdrawal of cautionary

JBL - Jubilee Platinum Plc - Shareholder update and withdrawal of cautionary    
announcement                                                                    
JUBILEE PLATINUM PLC                                                            
("Jubilee" or "the Company")                                                    
AIM: JLP                                                                        
JSE: JBL                                                                        
Registration number: 4459850                                                    
ISIN: GB0031852162                                                              
("Jubilee" or "the Company")                                                    
SHAREHOLDER UPDATE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                    
Further to the announcement dated 20 May 2011, in which Jubilee advised that it 
had received an approach and held discussions regarding the making of a possible
offer for the Company, Jubilee advises that due to current market conditions    
both parties have ended talks regarding a merger of the two entities.  However, 
discussions continue with regards to the formation of strategic joint ventures  
for the co-funding of Jubilee`s short and medium term business plan whilst      
ensuring that Jubilee retains its exclusive processing rights to the ConRoast   
process.                                                                        
Shareholders are referred to the cautionary announcement published on 20 May    
2011 and are advised that as the subject matter of the cautionary announcement  
has ended, the said cautionary announcement is withdrawn.                       
For further information please contact:                                         
Colin Bird/Leon Coetzer/Andrew Sarosi                                           
Jubilee Platinum plc                                                            
Tel +44 (0) 20 7584 2155 / Tel +27 (0)11 465 1913/+44 (0)1752 221937            
Matthew Robinson/Ed Frisby/Ben Thompson - Corporate Finance                     
finnCap Ltd                                                                     
Tel +44 (0) 20 7600 1658                                                        
Michael Kinirons/Nick Rome                                                      
Bishopsgate Communications Ltd                                                  
Tel +44 (0) 20 7562 3350                                                        
17 June 2011                                                                    
Johannesburg                                                                    
Sponsor                                                                         
Sasfin Capital                                                                  
(A division of Sasfin Bank Ltd)                                                 
Date: 17/06/2011 15:56:22 Supplied by www.sharenet.co.za                     
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