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

Shareholder Meetings

838 – 1100 Melville Street

Vancouver, BC V6E 4A6

P: 604-899-5450

F: 604-484-4710

News Release No. 25-485

February 28, 2025

Platinum Group Metals Announces Positive Results of

Annual General Meeting of Shareholders

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

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

General Meeting held on February 28, 2025 in Vancouver, British Columbia.

The meeting had a turnout of shareholders representing 59.31% of its issued shares eligible

to vote at the meeting. Shareholders strongly supported the appointment of the Board and

the resolutions proposed.

The number of directors is fixed at six and on a show of hands the Shareholders elected

management’s six nominees for directors. Details of the proxy voting are as follows:

DIRECTOR

NUMBER

OF SHARES

PERCENTAGE

OF VOTES CAST

FOR FOR WITHHELD

Diana Walters 48,788,342 99.10% 0.90%

Frank Hallam 48,759,306 99.05% 0.95%

Timothy Marlow 48,345,254 98.20% 1.80%

John Copelyn 48,671,091 98.87% 1.13%

Stuart Harshaw 48,732,566 98.99% 1.01%

Mpho Makwana 48,764,078 99.06% 0.94%

The re -appointment of PricewaterhouseCoopers LLP as auditors of the Company for the

ensuing year at a remuneration to be fixed by the directors was voted in favour by 96.99%

of the Shareholders.

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

available on SEDAR+ at www.sedarplus.ca or at www.platinumgroupmetals.net.

About Platinum Group Metals Ltd.

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground

palladium and platinum deposit located in South Africa. The Waterberg Project was discovered

by Platinum Group and is being operated in joint venture with Impala Platinum Holdings Ltd.,

Mnombo Wethu Consultants (Pty) Ltd. , and HJ Platinum Metals Company Ltd. on behalf of

Japan Organization for Metals and Energy Security and Hanwa Co. Ltd.

PLATINUM GROUP METALS LTD. …2

On behalf of the Board of

Platinum Group Metals Ltd.

Frank R. Hallam

President and CEO

For further information contact:

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 American 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, anticipate, 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 annual information form, Form 40-F annual report and other filings

with the Canadian securities regulators and the Securities Exchange Commission, which may be

viewed at www.sedarplus.ca and www.sec.gov, respectively.