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.

  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 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 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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