Waterberg PGE Project Definitive Feasibility Study Update, Seventeen Drill Rigs on Site; Lead Engineers Appointed

Platinum Group Metals (TSX:PTM) (NYSE American:PLG) (“Platinum Group” “PTM” or the “Company”) is pleased to announce that the ongoing Definitive Feasibility Study (“DFS”) for the Waterberg Project is now being advanced under the direction of the Technical Committee appointed by Waterberg JV Resources (“Waterberg JV”).

R. Michael Jones, CEO of Platinum Group said:

“We are very pleased with the work completed by the Technical Committee.  The mine building and operating experience of the technical team, including Implats and the newly appointed engineers, alongside our own discovery team, are working with an excellent “best for value of the Project” attitude.

In our joint venture we have perspectives ranging from geology to metals marketing, including contributions from South Africa, the USA, Canada and Japan.  Waterberg, which is palladium dominant, is modelled for fully mechanized production and has the potential to be amongst the lowest operating cost mines in the PGM sector.”

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