WESIZWE CEO DECIDES NOT TO RENEW CONTRACT

4 August 2010
Johannesburg, 4 August 2010 : The Board of Directors of Wesizwe Platinum Limited (`Wesizwe Platinum` or `the Company`) has notified its shareholders, with regret, that the Company`s Chief Executive Officer, Mike Solomon, has decided not to renew his contract for a further term.

The Board has also announced that with effect from 1 October 2010, the Company`s current Finance Director, Arthur Mashiatshidi, will be appointed Chief Executive Officer, while Wesizwe Platinum`s Chief Financial Officer, Jacques de Wet, will assume the role of Finance Director.

Mr Solomon has committed to continue to serve the Company in an advisory capacity for a further six months and will remain as a non-executive director.

Wesizwe Platinum Chairman, Dawn Mokhobo, commented, "Late last year, Mr Solomon stated his intention to serve as Chief Executive Officer until his current contract expires. He recently presented his decision to the Board, which has now accepted his request. On behalf of the Board, I want to thank Mr Solomon for the significant contribution he has unstintingly made to the Company over the last six years."

Mr Solomon commented, "Having been with the Company from its early exploration to the onset of the fully funded capital development of one of the finest new projects in the platinum industry, it is an extremely difficult decision for me to make to step down at this point and not oversee the sinking of the shafts. As a mining engineer, this is obviously extremely close to my heart and represents the culmination of all the high-risk and difficult work that the Board, my team and I have done to date. However Wesizwe Platinum is undergoing a fundamental transition in its format and operational requirements, and it needs a fresh team with different attributes to take the Frischgewaagd-Ledig project forward."

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