L1, 254 Railway Parade, West Leederville WA 6007| PO Box 1245, West Leederville WA 6901

T: +61 8 9363 7800 | e: office@platypusminerals.com.au | www.platypusminerals.com.au

ASX/Media Announcement

Perth: 24 October 2014 ASX: PLP

CLARIFICATION: UPDATE - GOBBOS and PERU Platypus Minerals Ltd ("Platypus" or "Company")

We wish to clarify and correct a typographical error in the announcement released this morning. The last sentence in the second paragraph should read:

Platypus is currently sourcing a suitable drilling contractor to complete the initial program of 4 holes for 1,000

m of RC drilling as soon as possible, ahead of the onset of the wet season. The metreage was initially mistyped as "100 m."

For further information, contact:

Tom Dukovcic Managing Director Ph: 08 9363 7800

The information in this report that relates to Exploration Results is based on information compiled by Mr Tom Dukovcic, who is an employee of the Company and a member of the Australian Institute of Geoscientists and who has sufficient experience relevant to the styles of mineralisation and the types of deposit under consideration, and to the activity that has been undertaken, to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves." Mr Dukovcic consents to the inclusion in this report of information compiled by him in the form and context in which it appears.

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