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PLATINA RESOURCES LIMITED Capital/Financing Update 2011

Jan 10, 2011

65555_rns_2011-01-10_3cf86151-580b-4b2b-aed5-8e0b2788a3e7.pdf

Capital/Financing Update

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ASX Announcement

11 January 2011

Completion of Placement

The Company is pleased to confirm the completion of a placement of 12.5 million shares to some leading investors and Institutions based in Hong Kong and Singapore.

The placement, which was conducted through BGF Equities Pty.Ltd., raised $4.375 million before fees. Funds will be applied to the Company’s Skaergaard project in Greenland (which is currently under pre‐feasibility study) and the Owendale project in central New South Wales, Australia.

Yours Faithfully,

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Robert W Mosig Managing Director Platina Resources Limited

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