Dealings in Ordinary Shares

RNS Number:8186D
Platinum Diversified Mining Inc.
13 September 2007


                        Platinum Diversified Mining Inc.
                         ("Platinum" or the "Company")

                          Dealings in Ordinary Shares


The Company received notification on 12 September 2007 of the following dealings
pursuant to the FSA Disclosure and Transparency Rules:

  * on 11 September 2007, Platinum Partners Value Arbitrage Fund, L.P.
    ("Platinum Partners"), of which Mark Nordlicht is a managing member of the
    general partner, purchased 2,375,000 Ordinary Shares at an average price of
    US$7.57 per Ordinary Share;
  * on 12 September 2007 Platinum Partners purchased a further 2,595,351
    Ordinary Shares at an average price of US$7.52 per Ordinary Share;
  * on 12 September 2007, Mark Nordlicht entered into conditional agreements
    to transfer 86,931 Ordinary Shares to Anchorage Capital Master Offshore Ltd
    ("Anchorage") for nil cash consideration and 1,154,945 Ordinary Shares to
    Platinum Partners at par value; and
  * on 12 September 2007 Bobby Cooper, Howard Crosby, John Ryan and Thomas
    Loucks entered into conditional agreements to each transfer 21,733 Ordinary
    Shares to Anchorage for nil cash consideration.

The Company confirms that at the extraordinary general meeting of the Company on
13 September 2007 the Founder Shares, as defined in the admission document
circulated to Platinum shareholders on 20 August 2007, will be voted as set out
in the Admission Document.

Assuming completion of the dealings described above the number of Ordinary
Shares not in public hands (as defined in the AIM Rules) at Admission will
represent 63.5 per cent. of the Company's issued Ordinary Share capital
(assuming no exercise of Redemption Rights or Conversion Rights).

Assuming completion of the transactions listed above, and before the issue of
Ordinary Shares pursuant to the acquisition of International Consolidated
Minerals Limited if approved by Shareholders at the EGM:


   * Mark Nordlicht will be interested in no Ordinary Shares;

   * Bobby Cooper, Howard Crosby, John Ryan and Thomas Loucks will each be
    interested in 288,736 Ordinary Shares representing 2.4 per cent. of the
    Company's issued share capital (0.7 per cent. of the issued ordinary share
    capital following Admission*);

   * Platinum Partners will be interested in 6,125,296 Ordinary Shares
    representing 49.3 per cent. of the issued share capital of the Company (14.4
    per cent. of the issued ordinary share capital following Admission*); and

   * Anchorage will be interested in 1,448,214 Ordinary Shares representing
    10.4 per cent. of the issued share capital of the Company (3.4 per cent. of
    the issued ordinary share capital following Admission*).

* assuming no exercise by Shareholders of Conversion Rights or Redemption Rights

All definitions in this announcement have the same meaning as terms defined in
the 'Definitions' section of the Company's AIM Admission Document dated 20
August 2007.

Enquiries:
Platinum Diversified Mining Inc.
Mark Nordlicht [phone]


Strand Partners Limited
Simon Raggett [phone]
Warren Pearce


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

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