PLATINA RESOURCES LIMITED — Capital/Financing Update 2021

Jul 25, 2021

ASX Announcement

26 July 2021

Platina investments offer strong exposure to exploration success.

Pla�na Resources Limited’s (ASX: PGM) diversified explora�on investments por�olio, now valued at A$19.5 million, offers considerable explora�on upside through upcoming drill programs , the company announced today.

Pla�na Managing Director Mr Corey Nolan said Pla�na’s investment strategy was in close alignment with its corporate strategy of targe�ng project opportuni�es at an early-stage and adding value through geophysics, drilling and feasibility and advancing towards development.

“Pla�na’s Australian assets together with our explora�on investment por�olio which covers gold, pla�num, and palladium, offers our shareholders exposure to a broad range of metals across a number of jurisdic�ons at different stages in the explora�on lifecycle,” Mr Nolan said.

current and planned drilling programs.

“Pla�na’s strategy to slowly divest its investments over �me to fund its gold explora�on ac�vi�es in Western Australia will enable the company to maintain a very �ght share capital structure without dilu�ng shareholders,” he said.

Investment Por�olio Overview

Major Precious Metals Corp (CSE: SIZE, 49 million shares, value A$18.9 million)

SIZE has completed a C$10 million capital raising to fund a planned 12,500m drilling program at the Skaergaard palladium, gold and pla�num deposit in Greenland. The drilled is expected to commence in August and follows a significant upgrade to the NI 43-101 resource outlined in May this year and a record of over US$3,000 per ounce for Palladium in February. Skaergaard is one of the world’s largest palladium deposits outside of South Africa and Russia.

Blue Moon Mining (TSXV: MOON, 6 million shares, value A$0.32 million)

MOON has recently completed a C$1.2 million capital raising and signed a contract for drilling its prospec�ve volcanogenic massive sulphide deposit in the United States. MOON is looking to expand its exis�ng NI 43-101 resource which is rich in zinc, gold and silver. Drilling is expected to commence in August.

Nelson Resources (ASX: NES, 6 million shares, value A$0.30 million)

NES is currently comple�ng a A$2 million capital raising to con�nue funding its drilling programs on prospec�ve greenstone belts south east of Kalgoorlie in Western Australia. NES controls more than 1,700 square kilometres of ground prospec�ve for gold and nickel.

This announcement was authorised by Mr Corey Nolan, Managing Director of Pla�na Resources Limited.

Level 2, Suite 9, 389 Oxford Street Mt Hawthorn Western Australia 6016 Phone +61 (0)7 5580 9094 Email: admin@platinaresources.com.au www.platinaresources.com.au

Platina Resources Limited | ABN 25 119 007 939 | ASX: PGM

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For more informa�on:

Corey Nolan Gareth Quinn Managing Director Corporate Affairs Manager Phone +61 (0)7 5580 9094 Mobile: 0417 711 108 admin@pla�naresources.com.au gareth@republicpr.com.au

ABOUT PLATINA RESOURCES

Pla�na is an Australian-based company focused on returning shareholder value by advancing early-stage metals projects through explora�on, feasibility, permi�ng and into development.

The company has interests in the following projects:

• Xanadu Gold Project (100% interest) – located in the Ashburton Basin in Western Australia in close proximity to the Mt Olympus gold project, a mul�-million ounce gold endowment;

• Challa Gold Project (100% interest) – Pla�na has acquired a 100% interest in the Challa Gold Project located in-between the prolific Mt Magnet and Sandstone gold districts in Western Australia, 500km north-east of Perth.

• Pla�na Scandium Project (100%) – located in central New South Wales, the project is one of the largest and highest-grade scandium deposits in the world, which has the poten�al to become Australia’s first scandium producer with cobalt, pla�num and nickel credits.

• Munni Munni (30% interest) – Situated in the Pilbara region of Western Australia, the project is one of Australia’s most significant Pla�num Group Metal occurrences. Munni Munni also has poten�al for conglomerate hosted gold and is a joint venture with Artemis Resources Limited.

• Investment in Blue Moon Zinc Corpora�on (6 million shares in TSXV listed MOON) – the Blue Moon Zinc Project has a NI43101 resource which is open at depth and along strike and has favorable metallurgy.

• Investment in Major Precious Metals (49 million shares in CSE listed SIZE) – Major is a Canadian junior mining and explora�on 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.

DISCLAIMER

Statements regarding Pla�na Resources’ plans with respect to its mineral proper�es are forward-looking statements. There can be no assurance that Pla�na Resources’ plans for development of its mineral proper�es will proceed as currently expected. There can also be no assurance that Pla�na Resources will be able to confirm the presence of addi�onal mineral deposits, that any mineralisa�on will prove to be economic or that a mine will successfully be developed on any of Pla�na Resources’ mineral proper�es or that Pla�na will achieve any of the valua�on increases shown by the peer group companies.

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