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Platinum Group Metals Reports on Maseve Mine Operations

VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA–(Marketwired – April 4, 2017) – Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) (“Platinum Group” or the “Company”) reports that during March 2017 the Maseve Mine produced approximately 2,477 ounces of platinum, palladium, rhodium and gold (“4E”) in concentrate. Production in March 2017 was the best level achieved since completion of commissioning in 2016 and shows a positive trend. Production ramp-up is following a positive trend but is behind schedule. Further improvement in the ramp-up rate is required. The results for March demonstrate improved stoping and tramming as well as the positive effects of Block 11 production coming online. Planned conveyor and silo completions are on track targeted to be completed at the end of April and are expected to facilitate and continue to improve performance.