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

Vancouver, British Columbia and Johannesburg, South Africa – (Newsfile Corp. – February 18, 2021) – Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (“Platinum Group” or the “Company”) is pleased to report the positive results of its Annual General Meeting held on February 18, 2021 in Vancouver, British Columbia.

The meeting had a participation of shareholders representing 62.30% of its issued shares with voting rights at the meeting. The shareholders strongly supported the appointment of the Board and the proposed resolutions.

The number of directors is set at six and, by a show of hands, the shareholders elected the six management nominees to the directors. The details of the proxy voting are as follows:

DIRECTOR

NUMBER
OF ACTIONS

PERCENTAGE
DISTRIBUTED VOICES

FOR

FOR

DETENTION

R Michael Jones

39,006,439

99.64%

0.36%

Franck Hallam

38 252 553

97.72%

2.28%

Diana walters

39,016,071

99.67%

0.33%

Timothy marlow

38,200,364

97.58%

2.42%

John copelyn

38 283 454

97.80%

2.20%

Stuart Harshaw

38 004 279

97.08%

2.92%

The renewal of PricewaterhouseCoopers LLP as auditors of the Company for the following year, for remuneration to be determined by the directors, was voted by 99.24% of the Shareholders.

For more information on these matters, please refer to the Platinum Group Information Circular, available on SEDAR (www.sedar.com) or visit our website at www.platinumgroupmetals.net.

About Platinum Group Metals Ltd. and the Waterberg project

Platinum Group Metals Ltd. is the operator and majority owner of the Waterberg Project, an underground bulk deposit of palladium, platinum, gold and rhodium located in South Africa. The Waterberg project was discovered by Platinum Group and is being advanced jointly with the shareholders of Waterberg JV Resources (Pty) Ltd. (“Waterberg JV Co.”), namely Platinum Group, Impala Platinum Holdings Ltd., Japan Oil, Gas and Metals National Corporation, Hanwa Co. Ltd. and Mnombo Wethu Consultants (Pty) Ltd. (“Mnombo”).

In 2019, the Company founded Lion Battery Technologies Inc. in partnership with Anglo American Platinum Limited to support the use of palladium and platinum in lithium battery applications.

On behalf of the Board of
Platinum Group Metals Ltd.

Frank R. Hallam
Chief Financial Officer, Corporate Secretary and Director

For more information contact:
R. Michael Jones, President
or Kris Begic, vice-president, corporate development
Platinum Group Metals Ltd., Vancouver
Phone. : (604) 899-5450 / Toll free: (866) 899-5450
www.platinumgroupmetals.net

Disclosure

The Toronto Stock Exchange and the NYSE American have not reviewed and accept no responsibility for the accuracy or relevance of this press 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 US securities laws (collectively, “forward-looking statements”). Forward-looking statements are generally identified by words such as: believe, expect, anticipate, intend, estimate, plan, postulate and similar expressions, or are those which, by their nature, refer to events. future. All statements that are not statements of historical fact are forward-looking statements. Although the Company believes that the forward-looking statements contained in this press release are reasonable, it cannot guarantee that the expectations and assumptions contained in such statements will prove to be correct. The Company cautions investors that the Company’s forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those of forward-looking statements due to various factors. The Company directs readers to the risk factors described in the Company’s Annual Report on Form 20-F, the Annual Information Form and other documents filed with the Securities and Exchange Commission and Canadian securities regulators, which may be consulted at the address www.sec.gov and www.sedar.com, respectively.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74897

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