Platinum Group Metals and Japanese Partner Consolidate Waterberg PGM District - Seite 3

A total of 71,000 meters of largely infill drilling on the old Joint Venture area has been completed since June 2014. A resource update covering the entire Waterberg deposit area is in progress and remains due to be completed in calendar Q 2 2015.

The primary objective of the planned 2015 drilling will be to increase the confidence level of known areas of Super F mineralization on the southern portion of the old Waterberg Extension area, as well as down dip from these locations onto the old Joint Venture area. Additional areas of T Zone mineralization will also be drilled targeting a level of detail for the indicated category. Recent intercepts of good grade thickness Super F, above 400m depth will be followed up as part of the immediate drill campaign. Drilling to prospect the open F zone mineralization for the best grade thickness of the new deposit type will continue.

A further updated resource estimate for the New Waterberg JV overall is expected in approximately September 2015 prior to the completion of a pre-feasibility study on the entire unitized Waterberg deposit.

Qualified Person, Quality Control and Assurance

R. Michael Jones, P.Eng. is the non-independent qualified person who has reviewed and verified the technical information disclosed in this press release. He has relevant experience in precious metals and platinum evaluations and has verified the data by reviewing the detailed assay and geological information on the Waterberg deposit and visiting the site and core yard many times from 2011 through 2015.

Base metals and other major elements were determined by multi acid digestion with ICP finish and PGEs were determined by conventional fire assay and ICP finish. Setpoint Laboratories is an experienced ISO 17025 SANAS accredited laboratory in assaying and have utilized a standard quality control system including the use of standards. Platinum Group Metals utilized a well-documented system of inserting blanks and standards into the assay stream and has a strict chain of custody and independent lab re-check system for quality control. These standards are detailed in the Technical Report dated December 19, 2014, referred to above.