Platinum Group Metals Ltd. Reports Production Results for the Month of March 2017; Provides Production Guidance for the Year 2017

Platinum Group Metals Ltd. is a Canada-based palladium and platinum-focused exploration and development company. The Company conducts work on mineral properties it has staked or acquired by way of option agreements in the Republic of South Africa. Its business is focused on the engineering and development of the Waterberg Project, which hosts a platinum group metals (PGE) and base metal bearing deposit. The Waterberg Project is located in South Africa on the Northern Limb of the Bushveld Complex. Waterberg represents a large-scale platinum group metal resource. The Waterberg Project consists of granted prospecting rights, applied for prospecting rights and the Waterberg Mining Right with a combined active project area of approximately 66,003 hectares, located on the Northern Limb of the Bushveld Igneous Complex, approximately 85 kilometers (km) north of the town of Mokopane. Waterberg Project comprises the former Waterberg joint venture property and the Waterberg extension property.