Issue of New Securities

27 Aug 2009 15:40

AQUARIUS PLATINUM LIMITEDASX, LSE & JSE27 August 2009

Issue of New Securities to Zijin Mining Group Company Limited

Aquarius Platinum Limited ("Aquarius" or the "Company") is pleased to recognise the support of Ridge Mining Limited ("Ridge") warrant holder Zijin Mining Group Company, Limited ("Zijin"). Zijin has exercised 7,000,000 Ridge warrants. As disclosed in the recent prospectus of Aquarius, these warrants were in existence prior to the scheme of arrangement between Ridge and its shareholders relating to the all share acquisition by Aquarius of Ridge.

The proceeds of the warrant exercise amounting to GBP4.9 million have been received by the company.

Pursuant to the transfer to Aquarius by Zijin of these 7 million common shares in Ridge, Aquarius will issue 2,545,454 new fully paid common shares in Aquarius to Zijin's wholly-owned subsidiary Gold Mountains (H.K.) International Mining Co., Limited on the basis of 1 Aquarius share for every 2.75 Ridge shares.

The issued capital of Aquarius following allotment of the shares will be 451,702,412.

For further information please contact:

In Australia:Willi Boehm+61 (0) 8 9367 5211In the United Kingdom:Stuart Murray+ 27 (0) 11 656 1140In South Africa:Charmane Russell+27 (0) 11 880 3924REGISTERED OFFICE

Aquarius Platinum Limited Clarendon House 2 Church Street Hamilton HMCX Bermuda

Email: info@aquariusplatinum.com

Telephone: +61 8 9367 5211

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