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

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb. 24, 2017) - 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 23, 2017 in Vancouver, BC.

The meeting had an impressive turnout of shareholders representing over 75% 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 as always pleased to see the vast majority of shareholders actively and supportively engaged, following our progress and voting their stock. We look forward to a pivotal year in 2017 with the ramp up of production to positive cash flow at the Maseve Mine and the continued advancement on the Waterberg Project."

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:

MOTIONS	NUMBER OF SHARES	PERCENTAGE OF VOTES CAST
	FOR	FOR		WITHHELD/ ABSTAIN
R. MICHAEL JONES	72,733,681	99.13	%	0.87	%
FRANK R HALLAM	72,547,538	98.88	%	1.12	%
ERIC H CARLSON	71,414,768	97.34	%	2.66	%
BARRY W SMEE	71,648,829	97.65	%	2.35	%
IAIN D C MCLEAN	71,611,045	97.60	%	2.40	%
TIMOTHY D MARLOW	72,883,710	99.34	%	0.66	%
DIANA J WALTERS	72,849,685	99.29	%	0.71	%

The Board of Directors is unchanged from the previous year.