31 December 2013
(December 31, 2013) Platinum Group Metals Ltd., (PTM-TSX, PLG-NYSE.MKT) (the “Company” or “Platinum Group Metals”) announces that further to its press release of December 9, 2013, it has closed its public offering of common shares (the “Offering”). Pursuant to the Offering, the Company issued 148,500,000 common shares (the “Shares”) at a price of C$1.18 per Share, for aggregate gross proceeds of C$175,230,000. BMO Capital Markets and GMP Securities L.P. led a team of underwriters which included CIBC World Markets Inc., RBC Dominion Securities Inc., Barclays Capital Canada Inc., PI Financial Corp., Raymond James Ltd. and Dundee Securities Ltd. (collectively, the “Underwriters”) which agreed to buy the Shares on a bought deal basis.