Hernic Project in Production

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

6 February 2017

Jubilee Platinum PLC

("Jubilee" or "Company")

Hernic Project in Production and

Clarification Notice on Outstanding Warrants

Highlights

· First chromite concentrate being produced after the successful tie-in of the Chromite Recovery Plant into the Hernic operational stream.

· Focus now shifts onto the commissioning of the PGM Recovery Plant which is the natural succession of the Chromite Recovery Plant Tailings. The Chromite Recovery Plant forms the feed to the Platinum Group Metals ("PGMs") Recovery Plant.

Leon Coetzer says:

"I am very pleased that we have achieved the chromite production milestone and we are now busy implementing the commissioning phase of the platinum recovery plant."

Mine-to-Metals specialist Jubilee Platinum plc (AIM: JLP, AltX: JBL) further wishes to clarify the exercise price and number of outstanding warrants in Jubilee as announced on 3 February 2017.

The inclusion of the warrants priced at 2.0 and 2.5 British pence is as a result of a negotiated settlement agreement against historically issued warrants.

The outstanding warrants in Jubilee are therefore as follows:

Contacts

Jubilee Platinum plc

Colin Bird/Leon CoetzerTel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913Andrew SarosiTel +44 (0)1752 221937

JSE Sponsor

Sasfin Capital, a division of Sasfin Bank LimitedSharon OwensTel +27 (0)11 809 7500

Nominated Adviser

SPARK Advisory Partners LimitedSean Wyndham-Quin/Mark BradyTel: +44 (0)203 368 3555

Broker

Beaufort Securities LimitedJon BellissTel: +44 (0) 20 7382 8300