Canadian Platinum Finds Untested TEM Anomaly Near Major MMI Anomaly 1.7 Km South of Historical Westarm Mine

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Canadian Platinum Corp. ("Canadian Platinum" or the "Corporation") (TSX
VENTURE:CPC) is pleased to report that recent exploration efforts have uncovered
the presence of a high priority target anomaly on the Flin Flon South Project
(the "Project"). Recent Borehole Pulse EM Surveys reveal the presence of a
strong off-hole conductor at the end of recently completed drill holes 33 and
34, 1.7 kilometres west of the historical Westarm Mine. The Flin Flon South
Project is composed of 2 claims for a total of 17,386 acres south of the town of
Flin Flon, Saskatchewan. 


The Project lies approximately 15 kilometres south of a prolific mining camp
near the town of Flin Flon that has produced over 100,000,000 tonnes of
Copper-Zinc ore. The 777 Mine, the newest addition to the Flin Flon mining camp
area has 4.4 million tonnes of proven reserves grading 3.1% copper, 4% zinc, 2.4
g/t gold, and 25.7 g/t silver, with probable reserves of 11.2 million tonnes
grading 2.1% copper, 5% zinc, and similar grades of precious metals to the
proven reserves.


Dave Koop, President of Koop Geotechnical and the firm conducting the surveys
states "We have modeled this off-hole anomaly with a high conductance source
with dimensions in excess of 300m x 300m below the holes that were surveyed.
Kevin Ralph, the Chief Geophysicist at Crone, was the Geophysicist overseeing
the data. I believe this is a bona fide Category A target. I am encouraged by
these results and look forward to further delineating the nature of this anomaly
especially since this project is within close proximity to a region that has
produced several mines". Koop Geotechnical used the Crone Geophysics Borehole
PULSE EM System, the same system HudBay Minerals used when they found the Lalor
deposit in the Snow Lake region. 


The area of the recent drilling and the subsequent Borehole Pulse EM anomaly was
targeted after anomalous values were obtained from a mobile metal ions ("MMI")
sampling program. MMI's geochemistry is a proven geochemical exploration
technique known to find mineral deposits.


A DeepEM geophysical survey is planned to define the borehole anomaly and the
other VTEM geophysical targets in the area. The company has therefore asked Koop
Geotechnical Services to perform a deep penetrating Surface PULSE EM survey. As
soon as the modeling results of this survey are in, drilling will commence
sometime in February 2012.


Canadian Platinum Corp. is a Calgary, Alberta based corporation engaged in the
exploration of platinum group and base metals in Canada. For further information
please contact:


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