Platinum Group Metals Ltd.

Platinum Group Metals Ltd. is based in Johannesburg, South Africa and Vancouver, Canada. The company's main asset is a 74% interest in the Western Bushveld Joint Venture Project 1 platinum mine near Rustenburg, South Africa. An initial phase 1 construction program with a budget of US$100M, including underground development, is in progress. Project 1 has estimated steady-state production of 275 Koz/year platinum group metals, based on an October 2009 updated feasibility study. First production is scheduled for mid-2014. Platinum Group's active exploration programs include the high-grade, joint venture Waterberg discovery on the North Limb of the Bushveld complex in South Africa.