Platinum Group Metals Announces Positive Results of Annual General Meeting of Shareholders

788 – 550 Burrard Street

Vancouver, BC V6C 2B5

P: 604-899-5450

F: 604-484-4710

News Release No. 18-361

February 23, 2018

Platinum Group Metals Announces Positive Results of

Annual General Meeting of Shareholders

(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE MKT)

(“Platinum Group” or the “Company”) is pleased to announce the positive results from

its Annual General Meeting held on February 23, 2018 in Vancouver, BC.

The meeting had a turnout of shareholders representing over 62% of its issued shares

eligible to vote at the meeting. Shareholders strongly supported the appointment of the

Board and the resolutions proposed.

R. Michael Jones, President, CEO and co-founder of Platinum Group Metals said “We were

pleased to see the support of shareholders. During 2017 the Company undertook some

difficult decisions . T he business of the Company is now focused on the palladium

dominant Waterberg Project and we look forward to 2018 and the advancement of that

project”.

The number of directors is fixed at five and on a show of hands the shareholders at the

meeting elected management’s five nominees for directors. Details of the proxy voting

are as follows:

MOTIONS

NUMBER OF

SHARES

PERCENTAGE OF

VOTES CAST

FOR FOR

WITHHELD/

ABSTAIN

R. MICHAEL JONES 67,185,768 98.08% 1.92%

FRANK R HALLAM 66,395,996 96.92% 3.08%

IAIN D C MCLEAN 67,204,598 98.11% 1.89%

TIMOTHY D MARLOW 67,379,465 98.36% 1.64%

DIANA J WALTERS 67,436,065 98.44% 1.56%

At the Annual General Meeting the Board of Directors was reduced from seven members

in the previous year to five members. Long term past directors Eric Carlson and Barry

Smee are thanked for their many years of dedicated service and guidance to the

Company.

Shareholders also voted 96.31% in favour of re-appointing PricewaterhouseCoopers LLP

as auditors, and to authorize the Directors to fix the auditor’s remuneration for the

ensuing year.

At a meeting of the Board of Directors following the shareholders meeting , the current

officers of the Company were ratified for the following year.

PLATINUM GROUP METALS LTD. …2

For more information on these matters, please refer to Platinum Group’s information

circular, available on SEDAR ( www.sedar.com) or visit ou r website at

www.platinumgroupmetals.net.

About Platinum Group Metals Ltd.

Platinum Group is focused on, and is the operator of , the Waterberg Project, a bulk

mineable underground deposit in northern South Africa. Waterberg was discovered by

the Company. Waterberg has potential to be a low cost dominantly palladium mine and

Impala Platinum recently made a strategic investment in the Waterberg Project.

On behalf of the Board of

Platinum Group Metals Ltd.

R. Michael Jones

President, CEO and Director

For further information contact:

R. Michael Jones, President

or Kris Begic, VP, Corporate Development

Platinum Group Metals Ltd., Vancouver

Tel: (604) 899-5450 / Toll Free: (866) 899-5450

www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE MKT LLC have not reviewed and do not accept

responsibility for the accuracy or adequacy of this news release, which has been prepared

by management.

This press release may contain forward -looking information within the meaning of

Canadian securities laws and forward -looking statements within the meaning of U.S.

securities laws (collectively “forward-looking statements”). Forward-looking statements

are typically identified by words such as: believe, expect, anticipat e, intend, estimate,

plans, postulate and similar expressions, or are those, which, by their nature, refer to

future events. All statements that are not statements of historical fact are forward -

looking statements. Although the Company believes any forward-looking statements in

this press release are reasonable, it can give no assurance that the expectations and

assumptions in such statements will prove to be correct. The Company cautions investors

that any forward-looking statements by the Company are not guarantees of future results

or performance, and that actual results may differ materially from those in forward -

looking statements as a result of various factors. The Company directs readers to the

risk factors described in the Company’s Form 20-F annual report, annual information

form and other filings with the Securities and Exchange Commission and Canadian

securities regulators, which may be viewed at www.sec.gov and www.sedar.com,

respectively.