Update on Restructure Plan : Atlatsa implements key components of Restructure Plan Atlatsa Resources Corporation (previously Anooraq Resources Corporation) (Incorporated in British Columbia, Canada) (Registration number 10022-2033) (TSXV/JSE share code: ATL) (NYSE MKT share code: ATL) (“Atlatsa” or the “Company”) (ISIN: CA0494771029) UPDATE ON RESTRUCTURE PLAN: ATLATSA IMPLEMENTS KEY COMPONENTS OF RESTRUCTURE PLAN Atlatsa confirms that it has implemented the following series of transactions, comprising key components of its Restructure Plan previously announced on 27 March 2013 (“Restructure Plan”): - The conclusion and implementation of Atlatsa’s new debt and working capital facilities agreed with Anglo American Platinum Limited (“Anglo American Platinum”); and - The sale and transfer by Atlatsa of mineral properties to Anglo American Platinum, comprising the eastern section of the Ga Phasha PGM project, together with its entire interest in the Boikgantsho PGM project for an aggregate purchase consideration of ZAR 1.7 billion (US$ 165 million). The proceeds from such asset sales have been utilised by Atlatsa to reduce its historical debt owing to Anglo American Platinum. It is anticipated that the final component of the Restructure Plan will be completed during January 2014, when Anglo American Platinum will effect an equity financing into Atlatsa by subscribing for 125 million new shares in the Company for an aggregate subscription price of ZAR 750 million (US$ 73 million). The proceeds from such equity financing will be utilised by Atlatsa to further reduce historical debt owing to Anglo American Platinum. Implementation of the Restructure Plan will result in a material reduction in Atlatsa’s balance sheet debt position and its cost of borrowing going forward. Please refer to www.atlatsaresources.co.za for full details of the Restructure Plan. Johannesburg 18 December 2013 JSE Sponsor Macquarie First South Capital Proprietary Limited For further information: On behalf of Atlatsa Resources Russell and Associates Macquarie First South Capital Joel Kesler, Chief Commercial Officer Pam Wolstenholme Annerie Britz Office: +27 11 779 6800 Office: +27 11 880 3924 Office: +27 11 583 2000 Mobile: +27 82 454 5556 Mobile: +27 82 872 6387 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The NYSE MKT LLC has neither approved nor disapproved the contents of this press release. Date: 18/12/2013 03:00:00 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.