Cdn Platinum drills 3.1 m of 1.84 g/t PGE at Peter Lake

2011-12-05 09:42 ET - News Release

Mr. John Pearson reports

CANADIAN PLATINUM CORP. ANNOUNCES NEW COPPER-NICKEL-PGE ASSAY RESULTS

Canadian Platinum Corp. has released assay results from the three diamond drill holes of the 2011 fall drill program on the Swan Lake zone in the Peter Lake project. The Project, believed to be Canada's newest platinum discovery, is located in northeast Saskatchewan on the "Swan Lake Complex", North America's largest mafic/ultramafic complex. The Corporation's mining claims in the area cover approximately 600,000 acres.

The three drill holes, SW-41 through SW-43, all intersected mineralized zones with encouraging results (see table below). DDH SW-42 intersected PGE and copper mineralization as follows:

-- Hole SW-42:

3.1m grading 1.844 g/t Au + Pt + Pd (Combined)

Includes 0.5m @ 9.610 g/t PGE (PGE defined as Au + Pt + Pd)

Includes 0.3m @ 3.030 g/t PGE

and 1.53% Copper

Includes 0.5m @ 3.87% Copper

Includes 0.3m @ 9.39% Copper

http://www.canadianplatinumcorp.com