PLATINA RESOURCES LIMITED — Capital/Financing Update 2021

Apr 5, 2021

ASX Announcement

6 April 2021

Platina to fund gold growth through sale of Major Precious Metals shares.

Pla�na Resources Limited’s (ASX: PGM) strategy to build its gold presence in Western Australia has received a major boost with the company receiving approximately AUD $2.64 million from the sale of 6 million shares in Major Precious Metals Corp. (CSE: SIZE, Major).

Pla�na Managing Director Corey Nolan said that the company would s�ll hold 49 million Major shares following the transac�on with a value of approximately AUD $23 million.

“We are moving full steam ahead to build a gold por�olio in Western Australia. Western Australia is a world class geological des�na�on with excellent support infrastructure, and amongst the world’s best permi�ng and development approval regimes.” Mr Nolan said.

“Selling some of our Major shares was the best op�on to secure new funding for growth. Raising capital through an offering of Pla�na shares when we have a nega�ve enterprise value, and they are trading at substan�al discount to our investment por�olio valua�on wasn’t deemed to be the op�mal capital management strategy”.

“The sale process also addresses concerns about the liquidity of our investments and capacity to realise value,” he said.

Mr Nolan said he remained very op�mis�c about the future poten�al of Major with the company poised to release a new mineral resource es�mate, commence a Preliminary Economic Assessment, and complete a substan�al drilling program later this year.

“This all comes at a �me when we are seeing record prices for palladium metal which last traded at US$2,662 per ounce, a substan�al premium to the current gold price,” he said.

“We remain very op�mis�c about the outlook for precious metals which posi�vely impacts our asset and investment por�olio.”

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

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

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 please see: www.pla�naresources.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:

• Challa Gold Project (100% interest) – Pla�na controls 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.