AQP - Aquarius Platinum Limited - Update on Zimbabwe

AQP - Aquarius Platinum Limited - Update on Zimbabwe                            
Aquarius Platinum Limited                                                       
(Incorporated in Bermuda)                                                       
Registration Number: EC26290                                                    
Share Code JSE: AQP                                                             
ISIN Code: BMG0440M1284                                                         
UPDATE ON ZIMBABWE                                                              
Aquarius Platinum Limited ("Aquarius" or the "Company") confirms that its Mimosa
mine has not been affected by the recent directive from the Reserve Bank of     
Zimbabwe regarding the suspension of banking services for certain mining        
companies. This directive only applies to companies that had failed to comply   
with an earlier directive to localise funds held in offshore foreign currency   
accounts. As previously advised in Aquarius` March 2012 quarterly report, Mimosa
has complied with this earlier directive.                                       
The localisation of funds in Zimbabwe has to date not had an impact on Mimosa`s 
ability to conduct its business.                                                
For further information please contact:                                         
In the United Kingdom                                                           
Gavin Mackay                                                                    
+44 7909 547 042                                                                
In Australia:                   In South Africa:                                
Willi Boehm                     Stuart Murray                                   
Aquarius Platinum Corporate     +27 (0) 11 656 1140                             
Services                                                                        
+61 8 9367 5211                                                                 
28 May 2012                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 28/05/2012 11:30:01 Supplied by www.sharenet.co.za                     
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