Mr. Frank Hallam reports

PLATINUM GROUP METALS ANNOUNCES POSITIVE RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Platinum Group Metals Ltd. has released positive results from its annual general meeting held on Feb. 29, 2024, in Vancouver, B.C.

The meeting had a turnout of shareholders representing 59.54 per cent of its issued shares eligible to vote at the meeting. Shareholders strongly supported the appointment of the board and the resolutions proposed.

The number of directors is fixed at six and on a show of hands the shareholders elected management's six nominees for directors. Details of the proxy voting are as noted herein.

The reappointment of PricewaterhouseCoopers LLP as auditor of the company for the ensuing year at a remuneration to be fixed by the directors was voted in favour by 99.57 per cent of the shareholders.

For more information on these matters, please refer to Platinum Group's information circular, available on SEDAR+ or at the company's website.

About Platinum Group Metals Ltd.

Platinum Group Metals is the operator of the Waterberg project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg project was discovered by Platinum Group and is being jointly developed with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants Pty. Ltd., Japan Oil, Gas and Metals National Corp., and Hanwa Co. Ltd.

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