Platinum Group Metals Ltd. Announces Positive Results of Annual General Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb. 29, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the "Company") is pleased to announce the positive results from its Annual General Meeting held on February 26, 2016 in Vancouver, BC.

The meeting had an impressive turnout of shareholders representing over 82% of its issued shares eligible to vote at the meeting. The shareholders strongly supported the appointment of the Board and the resolutions proposed.

R. Michael Jones, President, CEO and co-founder of Platinum Group Metals said, "We are pleased to see the vast majority of shareholders actively engaged, following our progress and voting their stock. We look forward to a pivotal year in 2016 with the ramp up of production at the Maseve Mine (WBJV Project 1) and the continued advancement on the Waterberg platinum and palladium deposit."

The number of directors is fixed at seven and on a show of hands the shareholders at the meeting elected management's seven nominees for directors. Details of the proxy voting are as follows:

	NUMBER OF SHARES(1)	PERCENTAGE OF VOTES CAST
MOTIONS	FOR	FOR	WITHHELD/ ABSTAIN
R. MICHAEL JONES	58,090,792	99.85%	0.15%
FRANK R HALLAM	57,689,907	99.16%	0.84%
ERIC H CARLSON	57,711,444	99.19%	0.81%
BARRY W SMEE	58,079,322	99.83%	0.17%
IAIN D C MCLEAN	58,080,742	99.83%	0.17%
TIMOTHY D MARLOW	58,079,926	99.83%	0.17%
DIANA J WALTERS	58,087,131	99.84%	0.16%

The Board of Directors is unchanged from the previous year.