Nkwe Platinum Limited ("Nkwe", the "Company") is pleased to announce a successful capital raising to institutional and sophisticated investors of A$11.0m at A$0.375 per share with a free attaching option (A$0.35 – 31 August 2011) for every 2 shares subscribed for.

The funds raised will be used for the settlement of the acquisition of International Goldfields Limited IGC’s interest in its South African Tubatse Platinum project.

With 11 rigs finishing infill drilling on the Garatau Project, Nkwe looks forward to updating and upgrading its resources / reserves on or before 21 December 2009 in addition to providing a comprehensive update of the BFS progress. With significant strengthening of PGM prices and sentiment over the last 3 months, Nkwe remains increasingly confident with the development and mining success of its flagship Garatau / Tubatse project.