Platina Resources Limited's (ASX: PGM) maiden Xanadu drilling program over 2,214m has demonstrated the presence of gold mineralisation at depth and up to 900m of strike on untested ground immediately west of the historical Amphitheatre open pit (refer Figure 4). Encouraging gold assays were intersected including 7m @ 1.05g/t Au from 168m in XARC005.

Mineralisation at Cleopatra was also intersected with 8m @ 1.79g/t Au from 38m in XARC009. An interesting copper anomaly of 1m @ 8.3% from 99m in XARC003 will be assessed in more detail. Platina Managing Director Corey Nolan said new assay results from the very short drilling program were assisting in building a deeper knowledge of a complex geological model at Xanadu, which neighbours the Mt Olympic Gold Project.

'Xanadu remains a very attractive geological target due to the number of historical high-grade gold intersections within a widespread, 10km zone of hydrothermal alteration on the Nanjilgardy fault zone and its splays in close proximity to the multi-million Mt Olympus gold deposit,' Mr Nolan said. 'Future drilling will be focused on unlocking the project's potential by testing the 900m zone west of the Amphitheatre pit and defining the down dip extension and strike of strong mineralisation in XARC009 at Cleopatra.' Mr Nolan said a diamond drilling rig would be used for a second phase drilling program to avoid the problems associated with reverse circulation (RC) drilling in the area. A cultural heritage survey and phase 2 drilling program are planned for the second quarter next year following a maiden drilling program at Platina's newly acquired Brimstone project near Kalgoorlie.

Contact:

Corey Nolan

Managing Director

T: +61 (0)7 5580 9094

E: admin@platinaresources.com.au

Gareth Quinn

Corporate Affairs Manager

Mobile: 0417 711 108

E: gareth@republicpr.com.au

The program was widely spaced, targeting a 4km section within the 10km mineralised and altered corridor. This program has been valuable in identifying various stratigraphic horizons and mineralisation patterns which has added to the knowledge of mineralisation controls. The detailed geochemical analysis of the samples has helped define stratigraphic and alteration assemblages relating to vectoring gold mineralisation, which will help in future targeting of the drilling. This definition will also be used to target the remaining tenement package.

The results in drilling from section across XARC003 and XARC005 are considered extremely encouraging as a down dip trend has been highlighted from the strong surface expression of historic assays. Historical diamond hole WDNS005 had intersected 14m @ 2.14g/t from 31m, this zone was located across the bottom part of the clay chert breccia zone and top section of the sedimentary sequence. XARC003 was planned with an aim to test a down dip extension of this historical intersection. Although no gold assays were returned in the sedimentary stratigraphy of this hole a 14m zone of massive sulphides was intercepted. In this zone, 14m @ 593ppm arsenic was returned (minimum cut-off 117ppm with no internal dilution) and just above this zone from 99-100m, 8.3% Cu was also returned. The significance of these assays is being studied for future targeting. Further 120m down dip in XARC005 an aggregate zone of 43m @ 0.36g/t Au from 143m including a core of 7m @ 1.05g/t Au from 168m was returned. Quartz stringers were associated with this zone. This intersection is considered highly encouraging as it highlights a potential structure feeder and deeper extension of gold mineralisation. This section also opens up the possibility of a replication of the style, structure and mineralisation of the Amphitheatre pit.

ABOUT PLATINA RESOURCES

Platina is an Australian-based company focused on returning shareholder value by advancing early-stage metals projects through exploration, feasibility, permitting and into development. The Company controls a portfolio of gold projects in Western Australia and a scandium project in New South Wales

Platina has share investments in the following companies

Major Precious Metals (49 million shares, Unlisted) - Major is a Canadian mining and exploration company whose flagship Skaergaard Project hosts one of the world's largest undeveloped gold deposits and one of the largest palladium resources outside of South Africa and Russia; Alien Metals (~128 million shares, AIM.UFO) - Exploration and mining project developer focused on precious and base metal projects including the Hamersley Iron Ore Project, Elizabeth Hill Silver Project and the surrounding Munni Munni exploration permits, all located within the Pilbara region of Western Australia, as well as two silver projects and a copper gold project in Mexico; Blue Moon Zinc Corporation (6 million shares, TSXV.MOON) - the Blue Moon Zinc Project has a NI43-101 resource which is open at depth and along strike; and Nelson Resources Limited (12.1 million shares, ASX.NES) - West Australian focused gold exploration company.

COMPETENT PERSON STATEMENT

The information in this Report that relates to Xanadu exploration results is based on information reviewed and compiled by Mr Rohan Deshpande who is an employee of Platina Resources and Member of the Australian Institute of Geoscientists (AIG). Mr Deshpande has sufficient experience which is relevant to this style of mineralisation and type of deposit under consideration and to the overseeing activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves'. Mr Deshpande consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

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