Issue of Equity

Jubilee Platinum PLC
23 December 2003


Jubilee is pleased to announce that it has placed, conditional only upon
admission to the Alternative Investment Market (AIM), 6,410,000 new ordinary
shares of 1p each at 28 pence per share with institutional investors raising
£1,794,800 (gross).  The proceeds of the placing will be used to fund the
Company's working capital requirements.  This issue of shares represents 13 per
cent of the enlarged issued share capital.

Application will be made for 6,410,000 ordinary shares of 1p in the Company,
which will rank pari passu with existing ordinary shares, to be admitted to
trading on the Alternative Investment Market.

Admission of the new ordinary shares is expected to take place on 2 January
2004.



Enquiries:

Insinger de Beaufort                                 Parkgreen Communications
Peter Ward                                           Justine Howarth
Tel: [phone]                                   Tel: [phone]



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