ATLATSA RESOURCES CORPORATION - Atlatsa announcement - media release

Atlatsa announcement - media release

Atlatsa Resources Corporation
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
TSX/JSE share code: ATL
NYSE MKT share code: ATL
ISIN: CA0494771029
(“Atlatsa” or the “Company”)

ATLATSA ANNOUNCEMENT

July 1, 2015, Atlatsa refers shareholders to Section 1.11 “Liquidity” of the Management’s Discussion and
Analysis of Financial Condition and Results of Operations and note 2 “Going Concern” of the Consolidated
Financial Statements for the year ended December 31, 2014 filed on SEDAR and EDGAR.

On November 10, 2014, a letter of support was received from Anglo American Platinum Limited (“Anglo
Platinum”) to provide financial support up to a maximum of CAD$42.4 million (ZAR422.0 million) to March
31, 2016, in the event of unforeseen circumstances not within the Company’s control that may result in Bokoni
Platinum Mines Proprietary Limited (“Bokoni Mine”) not meeting its planned cash forecasts (“letter of
support”). The letter of support was subject to certain terms and conditions, certain of which were to be met by
June 30, 2015.

Further to various interactions between Atlatsa, Anglo Platinum and the Department of Mineral Resources,
South Africa, the Company advises that the following conditions to the letter of support have not been met
within their prescribed time frame:
  - Definitive agreements in respect of the purchase by Rustenburg Platinum Mines Limited of at least a
    further 25% in the Kwanda North prospecting rights and at least 60% in the Central Block prospecting
    rights, have not been executed; and

  - Given the depressed price of Atlatsa shares and potential dilution to existing shareholders as a result of the
    share subscription, Atlatsa executives have been restricted from subscribing for CAD$6.0 million (ZAR60
    million) of equity in Atlatsa.

Atlatsa remains in discussions with Anglo Platinum surrounding the future sustainability of Bokoni Mine as
well as potential alternative financial support for the Company, having regard to current challenges within the
South African platinum industry.

On behalf of Atlatsa
Prudence Lebina
Head of Investor Relations
Office: +27 11 779 6800
Email: PrudenceL@atlatsa.com

JSE Sponsor:
One Capital Sponsor Services Proprietary Limited
Kathy Saunders
Office: +27 11 550 5010

Russell and Associates
Pam McLeod
Office: +27 11 880 3924
Email: pam@rair.co.za

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