Platinum Group Metals Ltd.: WBJV Project 1 (Maseve) Surface Worker Fatality

Thu Feb 14, 2013 9:10am EST

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Platinum Group Metals Ltd.

February 14, 2013 - 09:10:08 AM

Platinum Group Metals Ltd.: WBJV Project 1 (Maseve) Surface Worker Fatality

14, 2013) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum
Group" or the "Company") reports with great regret that Moshiko Molepo, an
employee of a surface earth works contractor, was involved in an incident on
surface at the WBJV Project 1 (Maseve) mine site and subsequently died while
under medical care. Our deepest condolences are passed on to Moshiko's family,
friends and co-workers.

It is reported that a truck made contact with the employee. The relevant
authorities have been contacted and senior management of the Company and the
contractor are on site and are investigating. Surface work by the contractor
was stopped immediately pending the investigation. The Company is providing
full co-operation with the authorities and the investigation and discussion
with the Department of Mineral Resources inspectors is ongoing at this time. 

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 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)


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has been prepared by management.