SEDIBELO ACQUISITION UPDATE – BARRICK GOLD CORPORATION and PLATMIN LIMITED

Platmin announced an update on the status of agreements with Barrick Gold regarding the Sedibelo platinum project. As initially announced on April 16, 2010, Platmin would have acquired a 10% interest in Sedibelo for $15 million from Barrick and in a separate agreement, Platmin had also agreed to acquire various long lead items required for the development of Sedibelo from Barrick for a consideration of $45 million.
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SEDIBELO ACQUISITION UPDATE – BARRICK GOLD CORPORATION and PLATMIN LIMITED