Global Platinum + Gold, Inc. Press Release Clarification

9-20-10

The recently issued Press Release dated September 13, 2010 indicated that Global Platinum + Gold, Inc. would be acquiring all of the membership interests of Bourque Alloys, LLC. Further due diligence has revealed that it will not be necessary or advisable to do so. The principle assets consist of intangible assets (licenses) that have already been conveyed in any event to JBIT, Inc. and or the Company. The additional accounting and auditing costs have also contributed to this decision. The Company’s Management apologizes for any confusion in this matter.

This communication to shareholders and the public contain certain forward looking statements. Actual results may vary materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding estimated reserves, estimated future production, and the value thereof, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.