Atlatsa updates on restructure plan: DMR executes new prospecting rights at Boikgantsho Mineral Properties

CNW Group

JOHANNESBURG , Oct. 31, 2013 /CNW/ - Atlatsa Resources Corporation (Atlatsa) (TSXV: ATL; NYSE MKT: ATL; JSE:ATL) is pleased to announce that the South African Department of Mineral Resources (DMR) has executed prospecting rights relating to the Boikgantsho Platinum project, situated on the Northern Limb of the Bushveld Igneous Complex, adjacent to Anglo American Platinum's Mogalakwena Mine operations.

The mineral title executions, together with previous consents obtained from the DMR for Atlatsa to sell and transfer these mineral titles to Anglo American Platinum (see Company news release dated 7 October 2013 ), fulfills an important condition precedent for implementation of the restructure plan. The restructure plan between Anglo American Platinum and Atlatsa was announced on 27 March 2013 and is in the process of being finalized with the relevant regulatory authorities.

Please refer to www.atlatsaresources.co.za for details of the restructure plan.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The NYSE MKT LLC has neither approved nor disapproved the contents of this press release.


SOURCE Atlatsa Resources Corporation

Contact:

On behalf of Atlatsa Resources
Joel Kesler, Chief Commercial Officer
Office: +27 11779 6800
Mobile: +27 82454 5556

Russell and Associates
Pam Wolstenholme
Office: +27 11880 3924
Mobile: +27 82872 6387

Macquarie First South Capital
Annerie Britz
Office: +27 11583 2000

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