Canadian Platinum Corp. Retains Investor Relations Firm

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

CALGARY, ALBERTA -- (Marketwire - Dec. 19, 2011) - Canadian Platinum Corp. (TSX VENTURE:CPC) ("Canadian Platinum" or the "Corporation") is pleased to announce that it has retained Teatyn Enterprises Inc. ("Teatyn") of Delta, British Columbia to provide investor relations and financial communications services.

Teatyn is owned and operated by Mr. Steve McGuire. Teatyn will assist the Corporation in fostering productive and continuing dialogues with analysts, brokers, investors and other investment professionals. In exchange for its services, Teatyn will receive monthly compensation of $5,000, and the Corporation will also issue to Teatyn options to acquire a total of 350,000 common shares of the Corporation. The aforementioned options will be granted immediately, will vest as to one twelfth per month over the first 12 months of the agreement and will be exercisable at $0.35 per share. The investor relations agreement has a term of one year, subject to early termination by either side on 30 days notice. The options will expire 30 days after the expiration or termination of the contract.


CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein may constitute forward-looking statements Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

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


Contact Information

Canadian Platinum Corp.
Todd Montgomery
President
403-228-0607
403-262-4860 (FAX)
rgodin@proventurelaw.com