Voluntary Announcement - Exploration Update BAUBA PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/004649/06) Share code: BAU ISIN No: ZAE000145686 (“Bauba” or “the Company”) VOLUNTARY ANNOUNCEMENT - EXPLORATION UPDATE Bauba Platinum is pleased to announce an updated resource estimate for its platinum group metals (“PGM”) prospects on the Eastern Limb of the Bushveld Igneous Complex in South Africa’s Limpopo province. Bauba holds prospecting rights over eight properties extending across an area of approximately 14 200 ha. The properties have been grouped into three clusters, the Northern, Central and Southern Clusters. Results from the Phase I drilling program of the Northern Cluster has allowed the declaration of a SAMREC compliant, discounted inferred resource estimate of 9.8Moz (4E) over a portion of the Northern Cluster properties. The current 4E (Pt+Pd+Rh+Au) PGM resource estimate for the Bauba prospects, discounted for geological losses, is tabulated below with 60% of the total resource being attributable to Bauba Platinum. Bauba Merensky UG2 Combined attributable Resource Geo Tons 4E Geo Tons 4E Tons 4E Tons 4E Class loss Mt Moz loss Mt Moz Mt Moz Mt Moz Inferred 18.03% 56.59 7.36 23.41% 68.85 9.85 125.45 17.22 75.27 10.33 Target 19.66% 354.01 49.78 24.43% 331.73 60.11 685.73 109.89 411.44 65.93 Total 19.43% 410.60 57.14 24.26% 400.58 69.97 811.18 127.11 486.71 76.26 The above resource estimate has been verified and signed off by a competent person, Mr A.N. Clay of Venmyn Deloitte. Syd Caddy, Chief Executive Officer of Bauba, commented: “We are pleased to be able to demonstrate that the company is making good progress in growing our inferred resource base whilst at the same time increasing resource confidence. Based on these results, and on the assumption that the company can from time to time raise the additional funds required, Bauba is confident that it will further build its resource base, thereby increasing tonnage and demonstrating greater resource confidence.” Johannesburg 11 September 2013 Sponsor Merchantec Capital Date: 11/09/2013 11:26:00 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.