Prospecting Permits Granted

Jubilee Platinum PLC
23 March 2004

23 March 2004


        Jubilee Platinum Granted First Prospecting Permits in South Africa

Jubilee Platinum plc ('Jubilee' or 'the Company'), the AIM quoted mining group,
has received prospecting permits for its Houtenbek, Onverwacht and Mapochsgronde
platinum group metal (PGM) properties in the Eastern Limb of the PGM bearing
Bushveld Complex in South Africa.

These permits were granted to Jubilee by the Department of Minerals and Energy
of South Africa under the Minerals Act 1991: Section 6 (1), giving the Company
the right to carry out prospecting activities, such as drilling, digging of
trenches and pits, sinking of exploration shafts, rock and soil sampling.

Jubilee intends to carry out a combination of geochemical soil sampling and
geophysics, involving ground and or airborne magnetic surveys, as appropriate,
to establish targets for eventual drilling.

Colin Bird, CEO of Jubilee, said 'The receipt of our first prospecting permit in
the Bushveld marks a key milestone for the Company as it will enable us to take
our projects to the next phase.  We also await the imminent release of the
permits relevant to our other PGM exploration areas in the Bushveld Complex.'


Ends


For further information please contact:

Colin Bird                                    Justine Howarth / Cathy Malins
Jubilee Platinum plc                          Parkgreen Communications Ltd
Tel[phone]                              Tel [phone]
www.jubileeplatinum.com


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