Forfeiture of Mining Privilege Pursuant to section 118 of the Mining Act 1971, and in accordance with a delegated authority from the Minister of Energy dated 2 May 1991, I hereby declare the mining privilege described in the Schedule hereto, be forfeited. Dated at Wellington this 20th day of September 1996. PAUL STEPHEN CARPINTER, Secretary of Commerce. Schedule Type of Privilege: Mining Licence 32 2884. Registered No.: 176821. Registered Office: Southland. Name of Holder: Platinum Group Metals NL.15/1CL