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Atlatsa Resources Corporation announces delay in filing of Q2 2017 financial statements

14 August 2017

Atlatsa Resources Corporation (“Atlatsa” or the “Company”) (TSX: ATL; JSE: ATL) announced today that, due to its recently announced financial restructure plan (the “Restructure Plan”) with Anglo American Platinum Limited (“AAP”), it is not in a position to file its unaudited interim financial statements for the three and six months ended June 30, 2017 and the related management’s discussion and analysis and related CEO and CFO certificates by the August 14, 2017 filing deadline. At this time it is uncertain as to when the Company will be able to finalize its financial statements and related disclosures.

One of the salient features of the Restructure Plan is that AAP and Atlatsa have determined to place Bokoni Mine on care and maintenance, owing to continuing operational losses in a depressed platinum market. In order to maintain medium to longer term optionality for production to re-commence at Bokoni Mine, AAP has agreed to fully fund a care and maintenance strategy for the operations up until December 31, 2019. The care and maintenance strategy for Bokoni Mine will be reviewed on an ongoing basis during this period, having regard to macro and micro economic fundamentals relating to Bokoni Mine.

The Company has made and the British Columbia Securities Commission, as principal regulator for the Company, has approved an application under National Policy 12-203 - Management Cease Trade Orders (“NP 12-203”) requesting that a management cease trade order be imposed in respect of this late filing rather than an issuer cease trade order. The issuance of a management cease trade order generally does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities. The British Columbia Securities Commission will issue the management cease trade order on August 15, 2017. The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements to file its unaudited interim financial statements and MD&A within the prescribed period of time. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

Queries:

On behalf of Atlatsa Resources

Joel Kesler
Chief Commercial Officer
Office: +27 11 779 6800
Email: Joel@atlatsa.com

JSE Sponsor

One Capital Sponsor Services Proprietary Limited
Taryn Carter
Office: +27 11 550 5000
Email: sponsor@onecapital.co.za