Canadian Platinum Drill Results

New Copper - Nickle - PGE Assays

3/12/12 4:47 PM CET

Canadian Platinum Corp. Announces New Copper-Nickel-PGE Assay Results on Hole 44

CALGARY, ALBERTA--(Marketwire - March 5, 2012) - Canadian Platinum Corp. ("Canadian Platinum" or the "Corporation") (TSX VENTURE:CPC) is pleased to report assay results from diamond drill hole DDH SW-44 of the 2011 Fall Drill Program on the Swan Lake Zone in the Peter Lake Project (the "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 500,000 acres.

Hole DDH SW-44 intersected mineralized zones with encouraging results. DDH SW-44 intersected PGE and copper mineralization as follows:

Hole DDH SW-44: 5.1 m grading 0.45% Cu, 0.472 g/t Au+Pt+Pd

The Swan Lake Zone on the Peter Lake Project (the "Project") is located in north east Saskatchewan on the "Swan Lake Complex", which is North America 's largest ultramafic complex. The Corporation's mining claims in the area cover approximately 500,000 acres.

John G. Pearson, PGeo, the Company's qualified person under NI 43-101 in charge of the drilling program, reviewed and approved the technical disclosure of this press release on behalf of the Company.

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 visit: http://canadianplatinumcorp.com/

Neither the TSX Venture Exchange nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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