Further re Mimosa

28 May 2012 10:04

AQUARIUS PLATINUM 28 May 2012 Update on Zimbabwe

Aquarius Platinum Limited ("Aquarius" or the "Company") confirms that its Mimosa mine has not been affected by the recent directive from the Reserve Bank of Zimbabwe regarding the suspension of banking services for certain mining companies. This directive only applies to companies that had failed to comply with an earlier directive to localise funds held in offshore foreign currency accounts. As previously advised in Aquarius' March 2012 quarterly report, Mimosa has complied with this earlier directive.

The localisation of funds in Zimbabwe has to date not had an impact on Mimosa's ability to conduct its business.

For further information please contact:

In the United KingdomGavin Mackay+44 7909 547 042In Australia: In South Africa: Willi Boehm Stuart Murray

Aquarius Platinum Corporate Services +27 (0) 11 656 1140

+61 8 9367 5211