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

Thu Feb 14, 2013 9:10am EST

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

  VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH
AFRICA, Feb 14 (MARKET WIRE) --
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 China. 

    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
www.sec.gov and www.sedar.com, respectively. 

    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.

Contacts:
Platinum Group Metals Ltd., Vancouver
R. Michael Jones
President
(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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