Acquisition Platinum Mining Corporation of India PLC

    19th October 2007


Platinum Mining Corporation of India Plc


"Platinum  Mining Corporation of India PLC ("PMCI") announces it  has  entered
into  an  agreement,  subject  to  completion of  due  diligence  and  necessary
Government  approvals,  to  acquire a 20% stake in  Majormatic167  (Proprietary)
Limited  ("Majormatic")  for  US$1 million, which  will  be  re-invested  in  an
exploration programme.  Majormatic has been granted the prospecting rights  over
the Naboom Platinum Deposit in South Africa.

The  investment  will  be used to fund the first phase of  exploration  at  this
deposit which will start in October/November of this year. If results from  this
exploration are sufficiently promising, the share subscription agreement  allows
PMCI  to increase its stake to 51% by investing a further US$3.5 million in more
extensive exploration.  The consideration for this investment will be funded  by
PMCI's own cash resources.

The  Naboom Platinum Deposit was originally discovered in 1923 and was mined  in
1926 before being closed by its operator, Transvaal Platinum Limited. It has not
been  mined  since. The ore body is a platinum rich deposit occurring  within  a
quartz host rock. It lies within the Bushveld region of the Limpopo Province  of
South Africa.

Philip  Adeane, Chairman of PMCI, commented "This investment will diversify  our
asset  base  and give shareholders the opportunity to participate in a  platinum
project  related  to  the  highly prospective Bushveld complex.  PMCI  is  fully
committed to the platinum industry and we look forward to informing shareholders
of  the results of our initial exploration which is expected to be completed  by
the year end."

PMCI  is  a  member of the SUN Group, whose subsidiary, SUN Mining,  encompasses
assets  in Russia, the countries of the former Soviet Union, India and  Southern
Africa.   Keith  Rumble,  SUN  Mining's CEO added  "We  are  pleased  that  this
agreement  has  been concluded as it will significantly add to  PMCI's  platinum
exposure  and  will contribute to SUN's existing mining activities.   PMCI  will
have an important role to play in growth and success of SUN Mining."


Enquiries:

PMCI:
Charles Zorab +44 (0) 20 7340 0970

W H Ireland:
James Joyce/Sarang Shah +44 (0) 20 7220 1666

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