Termination of Merger

RNS Number:4495R
Platinum Diversified Mining Inc.
19 February 2007

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

                        Termination of Merger Agreement

Platinum Diversified Mining, Inc. announces further to the announcement made by
Nord Resources Corporation ("Nord") on 15 February 2007 in relation to the
all-cash merger transaction (the "Merger"), that on 16 February 2007, Platinum
also served its Termination Notice to Nord and considers the Merger Agreement to
be void with no liability of Platinum.  Platinum rejects the allegations that it
has breached the Merger Agreement and believes that the conditions precedent as
contained in the Merger Agreement have not been satisfied.  Since Platinum is
not in breach of the Merger Agreement, it believes that it does not owe Nord a
$ 2,000,000 termination fee.

On 15 February 2007, Nord delivered a Notice of Termination to Platinum in
respect of the proposed acquisition of Nord by Platinum.  In the Notice of
Termination, Nord has made a demand of Platinum to pay Nord a termination fee of
$2,000,000 no later than the close of business on Tuesday, 20 February, 2007.
In addition, Nord has reserved all of its rights to pursue Platinum for damages.

Following termination of the Merger, and pursuant to Platinum's AIM admission
document dated 8 March 2006, Platinum will now seek other suitable investment
opportunities.  The Company will be dissolved and funds, including funds held in
Trust, will be returned to holders of shares and warrants, in line with their
respective entitlements, if the Company has not (i) effected an acquisition or
signed a letter of intent, agreement in principle or definitive agreement within
the 12 months following Admission or (ii) (having signed a letter of intent or
an agreement in principle within 12 months following admission) effected an
acquisition within 18 months of admission. If the Company is dissolved, the
shares owned by the Directors of Platinum will not participate in any return of
funds to shareholders.

19 February 2007

Enquiries:

Bobby Cooper, Chief Executive Officer                +001-520-544-2206

Tom Myatt, Chief Financial Officer                   +001-520-204-0159


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