PMCI Platinum Min

RNS Number:7118K
Platinum Mining Corp of India PLC
19 October 2006


                    PLATINUM MINING CORPORATION OF INDIA PLC

                     APPOINTMENT OF ARGENT PARTNERS LIMITED


19 October 2006

Further to the announcement dated 17 October 2006 in which the Board of Platinum
Mining Corporation of India PLC ("PMCI") strongly advised PMCI shareholders not
to accept the unsolicited offer of SPI Partners Limited ("SPI"), the Board of
PMCI has appointed Argent Partners Limited ("Argent Partners") to assist it in
exploring suitable alternatives in order to maximise value for all shareholders.

Argent Partners is an independent corporate finance advisory firm focussed on
the provision of strategic and financial advisory services to clients in the
global mining and metals processing sector.

As previously announced, a circular setting out the Board of PMCI's detailed
response to SPI's offer document and its advice to PMCI shareholders will be
sent to shareholders shortly.

The Board of PMCI reiterates its advice to shareholders to reject the
unsolicited offer, made at a price which significantly undervalues PMCI's
potential. The Board urges shareholders not to complete the form of acceptance
which accompanied SPI's offer document.


Enquiries to:

Malcolm Groat
Platinum Mining Corporation of India PLC
Telephone: 01202 606010

Paul Dudley / Peter Jackson
W.H. Ireland Limited
Telephone: 020 7220 1666

Andrew Simkin / Torben Thordsen
Argent Partners Limited
Telephone: 020 7256 8661

Keith Irons
Bankside Consultants
Telephone: 020 7367 8888


W.H. Ireland Limited, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting exclusively for PMCI in connection
with SPI's offer and for no one else in connection with SPI's offer and will not
be responsible to anyone other than PMCI for providing the protections afforded
to clients of W.H. Ireland Limited nor for giving advice in relation to SPI's
offer or any matter or arrangement referred to in this announcement.

Argent Partners Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for PMCI in
connection with SPI's offer and for no one else in connection with SPI's offer
and will not be responsible to anyone other than PMCI for providing the
protections afforded to clients of Argent Partners Limited nor for giving advice
in relation to SPI's offer or any matter or arrangement referred to in this
announcement.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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