Ms. Prudence Lebina reports

ATLATSA RESOURCES CORPORATION - UPDATE ON DELAY IN FILING OF UNAUDITED INTERIM FINANCIAL STATEMENTS

Atlatsa Resources Corp. has provided an update. The company announced on Aug. 14, 2015, that due to the uncertainties surrounding its operations, financial condition and the state of commodity markets, it was not in a position to file its unaudited interim financial statements for the three and six months ended June 30, 2015, and the related management's discussion and analysis (MD&A) and related chief executive officer and chief financial officer certificates. At this time it remains uncertain as to when the company will be able to finalize its financial statements and related disclosures.

As previously announced, Atlatsa remains in discussions with Anglo American Platinum Ltd. surrounding the future sustainability of Bokoni mine as well as potential alternative financial support for the company, having regard to current challenges within the South African platinum industry. As previously disclosed in Section 1.11 liquidity of the MD&A of financial condition and results of operations for the year ended Dec. 31, 2014, and Note 2 going concern of the consolidated financial statements for the year ended Dec. 31, 2014, filed on SEDAR and EDGAR, significant doubt remains regarding the company's ability to continue as a going concern. No assurances can be given that the issues being faced by the company will be resolved.

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 -- cease trade orders for continuous disclosure defaults -- 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 issued the management cease trade order on Monday, Aug. 17, 2015.

The company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the filing requirements to file its financial statements and MD&A within the prescribed period of time. The company confirms that there have been no failures with respect to the company fulfilling its stated intention of satisfying the requirements of the alternative information guidelines and further confirms that there is no other material information relating to the status of the default and its affairs that has not been generally disclosed.

We seek Safe Harbor.