Platinum Group Metals Ltd.: WBJV Project 1 (Maseve) Section 54 Notice

Thu Feb 14, 2013 11:52am EST

* Reuters is not responsible for the content in this press release.


Platinum Group Metals Ltd.

February 14, 2013 - 11:52:18 AM

Platinum Group Metals Ltd.: WBJV Project 1 (Maseve) Section 54 Notice

14, 2013) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum
Group" or the "Company") reports that at the end of the business day today in
South Africa it has received a Notice under Section 54 of the Mine Health and
Safety Act (1996) requiring it to stop its operations and comply with various
instructions, and as a result all work at the WBJV Project 1 (Maseve) site has
stopped with immediate effect pending compliance with the instructions in the
notice and upliftment of the notice by the principal inspector of mines. 

The Company and its contractors are working diligently to satisfy the
requirements of the Section 54 order so that work can resume. 

Safety has been the number one priority of the Company since commencement of
the construction of the WBJV Project 1 (Maseve) mine. A thorough investigation
of the recent incident will be completed with the objectives of finding the
causes of the incident and improving safety going forward. 

About Platinum Group Metals Ltd.

Platinum Group is building the WBJV Project 1 Platinum mine in the Western
Limb of the Bushveld Complex, South Africa. The Company owns 74% of the WBJV
Project 1 Mine and 26% is owned by Wesizwe which is controlled by Jinchuan of

Platinum Group is listed as PLG on the NYSE MKT and PTM on the TSX in Toronto.

On behalf of the Board of Platinum Group Metals Ltd. 

R. Michael Jones

This press release contains forward-looking information within the meaning of
Canadian securities laws and forward-looking statements within the meaning of
U.S. securities laws ("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 the 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 including
risk factors described in the Company's Form 40-F annual report, annual
information form and other filings with the SEC and Canadian securities
regulators, which may be viewed at and,

Platinum Group Metals Ltd., Vancouver
R. Michael Jones
(604) 899-5450 or Toll Free: (866) 899-5450

Platinum Group Metals Ltd., Vancouver
Kris Begic
VP, Corporate Development
(604) 899-5450 or Toll Free: (866) 899-5450
(604) 484-4710 (FAX)


The Toronto Stock Exchange and the NYSE MKT have not reviewed and do not
accept responsibility for the accuracy or adequacy of this news release, which
has been prepared by management.
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