Sharenet Sites 
Sharenet Sites
MARKET UPDATE AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Atlatsa Resources Corporation
(previously Anooraq Resources Corporation)
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
TSXV/JSE share code: ATL
NYSE AMEX share code: ATL
ISIN: CA0494771029
(”Atlatsa” or the “Company”)
MARKET UPDATE AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcements released on the Securities
Exchange News Service on 2 February 2012, 3 May 2012 and 14 June 2012
respectively, relating to the agreement of the key terms in respect of a
transaction to restructure, recapitalise and refinance Atlatsa and the
Bokoni group of companies (“Bokoni group”) (the “Restructure Plan”).
The new management team at Bokoni Platinum Mines (“Bokoni”), led by Mr
Dawid Stander, is making significant progress in implementing the
turnaround strategy at Bokoni. In addition, a number of opportunities to
optimize and enhance the operational plan underpinning the Restructure
Plan have been identified and these opportunities are currently under
consideration by Atlatsa and Anglo American Platinum Ltd (“the Bokoni
review”).
The parties are not contemplating closure of the Bokoni operations, as
Bokoni represents a Tier 1 ore body on the Eastern Limb of the Bushveld
Complex, earmarked for expansion into the future with two significant
ramp-up projects currently in progress.
In light of the Bokoni review the Restructure Plan will not be finalised
by July, 2012 as originally contemplated and a revised timetable for
implementation will be published once the Bokoni review process is
completed.
Shareholders are advised that the parties are still in the process of
completing definitive transaction agreements relating to the Restructure
Plan.
Once all definitive transaction agreements have been finalised the Company
will publish the financial effects of the Restructure Plan and post its
circular to shareholders seeking necessary approvals for its
implementation.
A further announcement will be released on the Securities Exchange News
Service, filed on SEDAR and EDGAR, and published in the South African
press, as soon as the financial effects have been finalized, and the
definitive transaction agreements have been executed.
Johannesburg
26 July 2012
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Issued on behalf of Atlatsa Resources Corporation
On behalf of Atlatsa
Joel Kesler
Executive: Corporate Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556
Russell and Associates
Charmane Russell
Office: +27 11 880 3924
Mobile: +27 82 372 5816
Macquarie First South Capital
Annerie Britz/ Yvette Labuschagne
Office: +27 11 583 2000
Date: 26/07/2012 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
