Update on Tjate

Jubilee Platinum PLC
15 December 2005

15 December 2005



                              JUBILEE PLATINUM PLC

                          ('Jubilee' or 'the Company')


         Full results for third step-out borehole DT4 on Tjate Project
                     Borehole DT5 intersects Merensky Reef



Jubilee announces the full results for its third step-out borehole DT4 on the
Dsjate farm ('Tjate Project') in the Bushveld Complex of South Africa. The
borehole was stepped out a significant 860 metres updip from borehole DT1 and
460 metres south along strike from borehole DT2. Infill borehole DT5 intersected
the Merensky reef on 12th December 2005.


SCS Lakefield Research Africa in Johannesburg carried out the analyses of the
borehole core samples. This laboratory is SNAS TO169 accredited.


Highlights


•  Step out borehole DT4 - fourth hole in succession - intersects the
   Merensky reef ('MR') and UG2 Chromitite reef ('UG2') at projected depths


•  Good grades and thicknesses of reefs intersected


•  MR shows weighted average grade of 6.42 g/t 4E (platinum, palladium,
   rhodium and gold) and UG2 7.60 g/t 4E; both values include results from two
   deflections


•  MR shows significant nickel and copper contributions: 0.28% nickel and
   0.14% copper


•  These results are confirming a mineable resource downdip of existing
   and developing operations for both Merensky and UG2 reefs


•  The results support the potential for a stand-alone Merensky mine


•  Drilling of the fifth borehole DT5 - infill borehole - intersected the
   Merensky reef at 770 metres



Colin Bird, CEO of Jubilee and Tjate and Tjate Project Manager, said 'These
results further confirm the good PGM and base metal grades on the Dsjate farm.
Our confidence in the Tjate resource valuation is increasing and our intention
now is to focus on establishing an initial Merensky mineable reserve of greater
than 3 million ounces, as part of the projected 66 million ounces estimated
overall resource at Tjate, and commence a feasibility study.'



The full results for borehole DT4 are shown in tables 1 and 2 below:



Table 1     DT4 Merensky reef results:


                                     Apparent        4E      Pt      Pd      Rh      Au      Ni      Cu       Pt:Pd
                                    thickness        g/t     g/t     g/t     g/t     g/t      %       %       ratio
                                        cm
Motherhole                              80          6.18    3.34    2.14    0.16    0.54    0.24    0.16       1.6
Deflection1                             78          7.65    4.33    2.55    0.20    0.57    0.32    0.20       1.7
Deflection 2                            80          6.48    3.10    1.96    0.13    0.39    0.22    0.11       1.6
Weighted average                        79          6.42    3.58    2.21    0.16    0.47    0.26    0.14       1.6





Table 2     DT4 UG2 reef results:


                                            Apparent           4E       Pt       Pd       Rh       Au        Pt:Pd
                                            thickness         g/t      g/t      g/t      g/t      g/t        ratio
                                               cm
Motherhole                                    0.89            7.28     3.03   3.42       0.72     0.11        0.9
Deflection1                                   0.82            7.24     3.20     3.20     0.75     0.10        1.0
Deflection 2                                  0.83            8.10     3.00     4.27     0.67     0.16        0.7
Weighted average                              0.85            7.60     3.10     3.66     0.72     0.12        0.8





The Dsjate farm is one of three contiguous farms in the Tjate project, which
comprise 5,143 hectares in total with an inferred resource of 282 million tonnes
and 66 million ounces 5PGE (platinum group elements) plus gold of which 22.8
million ounces are attributable to Jubilee.



Jubilee has a 25% stake in Tjate, with an earn-in right to a further 10%
interest by expending ZAR14 million towards a bankable feasibility study.





For further information please contact:

Colin Bird                                 Cathy Malins / Annabel Leather
Jubilee Platinum plc                       Parkgreen Communications Ltd
Tel: [phone]                   Tel [phone]


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