Canadian Platinum Corp. Shareholders Elect New Board Members; New Management Appointed

Canadian Platinum Corp. ("CPC" or the "Company") (TSX VENTURE:CPC) is pleased to
announce the election of two new members to the Board of Directors at the Annual
General and Special Meeting of Shareholders held July 30, 2014 in Calgary, AB.


Mr. James Engdahl and Mr. Douglas Billingsley are the two new board members
elected at the meeting. They join incumbent members Gary Billingsley and Mason
Douglas re-elected by the Company's shareholders. Former board members Todd
Montgomery, Brent Walter and Randy Ludwar did not stand for re-election. 


Jim Engdahl is currently President & CEO of Star Minerals Group Ltd., a
CSE-listed exploration company involved in the exploration and development of
strategic and critical minerals. Previously Mr. Engdahl was President and CEO of
Great Western Minerals Group Ltd, a TSXV-listed company currently being
developed into a fully integrated rare earth company. 


Prior to that, Mr. Engdahl was involved in corporate finance, specializing in
mergers and acquisitions, and successfully financing many projects in Canada.
Mr. Engdahl got his business and finance background working for many years in
banking, where he last served as a Vice President of Barclays Bank of Canada.


Mr. Billingsley is currently a Partner with Hong Kong based, Battalion Partners
LLC. Battalion is a business advisory and consulting firm that specializes in
working with companies to prepare and structure them to successfully attract
investment capital.


Throughout his career Mr. Billingsley has held numerous executive positions
(CEO, COO, CFO, SVP Corporate Planning, VP Marketing & VP Product Development)
in large financial services and manufacturing organizations. His experience
spans private and public companies as well as successfully starting and growing
his own businesses. Coming from a mining family, he is very familiar with the
mining industry, and has served on the boards of several publicly traded junior
mining companies.


Subsequent to the Annual General and Special Meeting, Gary Billingsley was
appointed by the Board to the position of President and CEO and Mason Douglas
was appointed Chairman of the Board. Mr. Billingsley comments, "I want to thank
Todd, Brent and Randy for their dedicated service to the Company since its
inception. Todd Montgomery has always had extraordinary vision in project
selection and has left a solid base for the new management to build on, which is
critical in this challenging market. Canadian Platinum will continue to focus on
platinum and base metals."


Canadian Platinum Corp. is a Calgary, Alberta based corporation engaged in the
exploration for, and development of, platinum group and base metals in Canada. 


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. Such
forward-looking statements are subject to both known and unknown risks and
uncertainties which may cause the actual results, performances or achievements
of the Corporation to be materially different from any future results,
performances or achievements expressed or implied by such forward-looking
statements. The forward-looking statements included in this press release are
made as of the date of this release and except as required by law, the
Corporation does not undertake any obligation to publicly update or revise any
forward looking statements, whether as a result of new information, future
events or otherwise.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements. This press release may contain
statements within the meaning of safe harbour provisions as defined under United
States Securities Laws and Regulations. The above statements are based on the
current expectations and beliefs of the management of Canadian Platinum and are
subject to a number of risks and uncertainties that may cause the actual results
to differ materially from those described above.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Platinum Corp.
Mr. Gary Billingsley
[phone]