April 7, 2007

Update of ongoing platinum exploration projects

Several developments and exploration results in platinum mining have been released from around the world.

* In its Plateau PGE Project in Canada, Hinderland announced assay results of eight holes bored at the project and discovered a broad platinum and palladium zone, of up to 31.1 metres wide. Weighted average intersections of the zone reached 1.07 g/t of platinum group metals, with maximum individual values up to 2.52 g/t.
* Largo Resources' systematic sampling programme in South America has returned initial results of up to 2.37 g/t platinum and 0.65 g/t palladium at the site.
* Eurasia Mining's Volchetundra in north-west Russia has revealed several zones of platinum mineralisation with grades of between 1.9 and 11 g/t of platinum and palladium.
* Polar Bear prospect in Australia has show up to 21.2 g/t of platinum at the Halls Knoll project, as well as 2.5 g/tof rhodium and 6.4 g/t of ruthenium.

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