ASX/RNS Announcement - Minsec to increase stake in Platmin up to 27.2%

Platmin represents a major new entrant in the platinum group metalssector. Platmin's Pilanesberg project is planned to commence production inearly 2009. Feasibility studies are also underway on two further projects,M'Phatlele and Grootboom.

Commenting today, Minsec CEO Keith Liddell said:

"I am very pleased that, following this acquisition, Minsec willmaterially increase its holding in Platmin and continue its participation inPlatmin's growth as it moves to producer status."

"Importantly, this reflects our confidence that Platmin can achieve thecritical production scale and mine life necessary to consider the constructionof an independent smelter and refinery, giving Platmin a unique advantage overother platinum project developers."

Minsec is acquiring the securities for investment purposes and mayacquire further common shares or dispose of its holdings of common shares bothas investment conditions warrant.

Further details on the agreement to acquire the Platmin shares arecontained in Annexure 1.

The acquisition is anticipated to be funded by Minsec's current cashreserves, existing facilities and Minsec has received expressions of interestfrom several banks in respect of providing further debt financing to completethe acquisition.

About Minsec:

Minsec is a multi-commodity resources company listed on the ASX and AIM(ticker: MXX). In addition to its significant share holding in Platmin, Minseccurrently has cornerstone investments in CopperCo Limited (ASX: - ), TianshanGoldfields Limited (ASX/AIM:TGF) and the Lady Loretta zinc project.

Minsec is chaired by Robert Champion de Crespigny AC (the founder andChairman of Normandy Mining Limited until its acquisition by Newmont Mining in2002) and managed by Keith Liddell (former Managing Director of AquariusPlatinum Limited and former Executive Chairman of Sally Malay Mining Limited).Keith Liddell, who has been involved in the platinum industry since 1981, isalso executive deputy chairman of Platmin and Mark Bolton, Minsec's COO, is VPCorporate Development of Platmin.

More details are available at

About Platmin:

Platmin is a TSX and AIM (ticker: PPN) listed PGM exploration anddevelopment company focused on four projects that host PGM Mineral Resourcesand Reserves: Pilanesberg, M'Phatlele, Grootboom, and Loskop. All of Platmin'sprojects are located in the Bushveld Complex of South Africa which isestimated to contain approximately 90% of global platinum resources.

Platmin's objective is to become a substantial mid-tier PGM producercommencing with Pilanesberg Project. Pilanesberg has commenced developmentwith M'phatlele and Grootboom projects currently subject to pre-feasibilityand feasibility studies respectively.

At Pilanesberg, Platmin plans production commencing early 2009 with anaverage production rate of 250,000 oz/year 3PGE+Au in concentrate for thefirst 11 years and a life of mine of 16 years.

Total Mineral Reserves and Resources for all of Platmin's projects arecurrently as follows; Proven plus Probable Mineral Reserves of 67.43Mt at2.04g/t 3PGE+Au, for 4.42Moz, Measured plus Indicated Mineral Resources of131.40Mt at 3.31g/t 3PGE+Au for 13.97Moz, Inferred Mineral Resources of133.90Mt at 3.63g/t 3PGE+Au for 15.64Moz.

More details are available at

                                 Annexure 1                              Acquisition Terms      1. CDC Group PLC ("CDC"), Minsec Investments (BVI) Limited (the         "Purchaser"), a wholly owned subsidiary of Minsec, and Minsec, as         Guarantor, entered into a share purchase agreement on 9 November         2007.      2. Pursuant to the terms of the agreement, the Purchaser has agreed to         acquire from CDC (and CDC has agreed to sell) 11,122,049 shares of         Platmin at CDN $9.90 per share representing a total consideration of         approximately CDN$110.1 million. Minsec has agreed to guarantee the         obligations of the Purchaser under the terms of the agreement. The         acquisition is to be completed in three stages:    Tranche  Date of      Number of    % of Platmin  Consideration  Minsec             Closing      Platmin      Represented                  Ownership                          Shares to    by Shares to                 % of                          be Acquired  be Acquired                  Platmin                                                                    After                                                                    Close       1     23 November   1,000,000       1.0       CDN$9,900,000     16.8             2007       2     14 December   3,000,000       3.1       CDN$29,700,000    19.9             2007       3     11 January    7,122,049       7.4       CDN$70,508,285    27.2             2008         ----------    TOTAL                 11,122,049    2.   Break Fee         a) Where, during the period from the date of the agreement and            ending 72 hours before the closing of the third tranche, a bona            fide offer is made to all holders of outstanding common shares of            Platmin (pursuant to a take-over bid, a plan of arrangement or            amalgamation which would require the approval of the holders of            outstanding common shares of Platmin) as would result in the            person making the bona fide offer holding at least 50.1 % of the            outstanding Common Shares, and the Vendor reasonably and in good            faith determines that the consideration offered pursuant to the            bona fide offer exceeds CDN$9.90, then the Vendor may elect not            to sell to the Purchaser, the Platmin shares pursuant to the            third tranche and, if Vendor exercises its election 72 hours            before the closing of the second tranche, the second tranche.         b) If, following the Vendor election not to sell to the Purchaser,            the bona fide offer is successful and some or all of the Vendor's            shares of Platmin are taken up as part of the bona fide offer,            then the Purchaser is entitled to a break fee equivalent to 50%            of the proceeds received by the Vendor pursuant to the bona fide            offer in excess of CDN$9.90. Furthermore, if the take-over bid is            withdrawn or expires (or not all of the Vendor's shares of            Platmin are taken up pursuant to the bona fide offer), the            Purchaser shall have the right within 60 days to purchase, at            CDN$9.90, all of the Platmin shares that were the subject of the            election and were not accepted pursuant to the bona fide offer.    

For further information

For additional information or for a copy ofMinsec's early warning report, please contact: Mr Keith Liddell, ChiefExecutive Officer, +44 207 152 6230, Email: enquiries@mineralsecurities.com
RBC Capital Markets, Martin Eales, Andrew Smith, +44 207 029 7881