BAUBA PLATINUM LIMITED - Exploration Update

Exploration Update

BAUBA PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: BAU    ISIN No: ZAE000145686
(“Bauba Platinum” or “the Company”)

EXPLORATION UPDATE



Bauba Platinum is pleased to provide an update regarding drilling
progress on the Northern Cluster property of its platinum group
metals (“PGM”) prospects on the Eastern Limb of the Bushveld
Igneous Complex in South Africa’s Limpopo province.

Since last reporting, two drill rigs have been in operation,
drilling boreholes BAU-041 and BAU-042. Merensky and UG2 PGM
reefs have been intersected at planned depths of between 1950m
and 2510m. This strengthens the Company's interpretation of
regional structure in this area.

In addition to mother hole intersections, four deflections per
reef have been drilled on BAU-041, whilst deflection drilling is
in progress on BAU-042.

Narrow UG2 reef, indicating potholing, was intersected in BAU-
041. All other intersections indicate undisturbed reef.

Assay results indicate 3PGE+Au grades and channel widths:

Borehole          Reef           Grade            Channel width
BAU-041           Merensky       3.66g/t          1.22m
                  UG2            0.55g/t          1.18m
BAU-042           Merensky       5.04g/t          1.19m
                  UG2            7.09g/t          1.19m

Syd Caddy, Chief Executive Officer of Bauba Platinum, commented
“The latest drilling results shown in BAU-042 are encouraging in
that they are very much in line with those of the first hole,
BAU-040 drilled in the Northern Cluster. The lower than expected
results shown in BAU-041 suggest localised potholing, which is to
be expected in this area.”


Johannesburg
15 July 2013

Sponsor
Merchantec Capital

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