14 February 2014
(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE MKT) (“Platinum Group” or the “Company”) announces positive results from an Independent Preliminary Economic Assessment (“PEA”) on the Waterberg Joint Venture project (the “Project”) completed by international and South African engineering firm WorleyParsons . Platinum Group Metals Ltd. holds a 49% effective interest in the Waterberg Joint Venture while the Japan Oil, Gas and Metals National Corporation (“JOGMEC”) holds a 37% interest. Empowerment partner Mnombo Wethu Consultants Pty Ltd. holds the balance of the joint venture.
The Project will immediately advance to the pre-feasibility stage.