Platinum Group Metals Completes Public Offering

Platinum Group Metals Ltd. (“Platinum Group Metals”) closed its underwritten public offering (the “Offering”) of 225,000,000 common shares at a price of $0.80 per common share for aggregate gross proceeds of $180,000,000. The syndicate for the Offering was co-led by BMO Capital Markets, RBC Capital Markets and GMP Securities L.P. as joint bookrunners, with Raymond James Ltd., Stifel Nicolaus Canada Inc., CIBC World Markets Inc. and Cormark Securities Inc. acting as co-managers.

Gowling Lafleur Henderson LLP acted as counsel to Platinum Group Metals on Canadian legal matters with a team including Daniel Allen, Brett Kagetsu, Catherine Graham, James Isaac, Irene Chen and Ryan Welsh (corporate/securities) and Brent Kerr (tax).

Dorsey & Whitney LLP acted as counsel to Platinum Group Metals on US legal matters with a team including Christopher Doerksen, Lisa Luebeck, Peter Skrief, Carol Calfa and Tom Ryan (corporate finance and securities) and John Hollinrake (tax).

Blake, Cassels & Graydon LLP acted as counsel to the underwriters on Canadian legal matters with a team including Peter O'Callaghan, Kathleen Keilty, Amanda Willett, Luke Pangman and Michael Li (securities) and Kevin Zimka (tax).

Skadden, Arps, Slate, Meagher & Flom LLP acted as counsel to the underwriters on US legal matters with a team including Riccardo Leofanti, Ryan Dzierniejko and Vittoria Varalli (corporate finance and securities); Elizabeth Malone (environmental) and Daniel McCall and Vikram Agarwal (tax).