Wits Basin Announces Receipt of New Order Mineral Permits for the FSC Project, South Africa.

MINNEAPOLIS -- Wits Basin Precious Minerals Inc., (OTCBB:WITM) is pleased to announce that it has been advised by AfriOre (Pty) Limited ("AfriOre") that AfriOre has received New Order Prospecting Rights under South Africa's Mineral and Petroleum Resources Development Act thus allowing for further exploration to progress at the FSC gold project. The Prospecting Rights which have been granted cover an area of approximately 52,615 hectares (129,959 acres) of the estimated total of 102,612 hectares (253,451 acres) where rights are held, are in application or subject to conversion at the FSC gold project. Following completion of drill hole BH 48 (which intersected quartzites that were positively identified as Witwatersrand Supergroup strata) additional geophysics and seismic interpretations have been completed. Preparations are now underway to mobilize a drill rig to the next drill site as additional drill targets are being identified.

Vance White, Chairman of the Board of Wits Basin commented, "We are particularly delighted at the cooperation between South Africa's Department of Minerals and Energy and the project manager, AfriOre, in awarding these rights so that we can resume our exploration program in the southern extension to the Witwatersrand Basin at the FSC gold project."

About Wits Basin Precious Minerals Inc.

We are a minerals exploration and development company holding interests in five exploration projects and currently do not claim to have any mineral reserves on any project. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "WITM." To find out more about Wits Basin Precious Minerals Inc. (OTCBB: WITM) visit our website at www.witsbasin.com.

Forward-Looking Statements and Risk Factors

Certain statements contained in this press release are forward-looking in nature and are based on the current beliefs and assumptions of our management. Words like "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes.

The exploration for and development of mineral deposits involves significant financial risks, which even experience and knowledge may not eliminate, regardless of the amount of careful evaluation applied to a process. While the discovery of a mineral deposit may result in substantial rewards, few properties are ultimately developed into producing mines. Moreover, we cannot make any estimates regarding probable reserves and mineral resources in connection with any of our projects and any estimates relating to possible reserves are subject to significant risks. Therefore, no assurance can be given that any size of reserves or grades of reserves will be realized. If a discovery is made, the mineral deposit discovered, assuming recoverable, may differ from the reserves and mineral resources already discovered and recovered by others in the same region of the planned areas of exploration.

The cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on Form 8-K.