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. 24, 2026, in Vancouver, B.C.

The meeting had a turnout of shareholders representing 51.38 per cent of its issued shares eligible to vote at the meeting. Shareholders expressed strong support for the board appointments and the resolutions presented.

The number of directors is fixed at six. On a show of hands, Shareholders elected management's six nominees as directors. Details of the proxy voting are as follows.

Shareholders also approved the reappointment of PricewaterhouseCoopers LLP as auditor of the company for the ensuing year, with a remuneration to be fixed by the directors. The resolution was approved by 99.40 per cent of votes cast.

In addition, shareholders approved the amended share compensation plan, with 78.82 per cent of votes cast in favour, and the amended and restated deferred share unit plan, with 98.11 per cent of votes cast in favour, extending both plans until Feb. 24, 2029.

About Platinum Group Metals Ltd.

Platinum Group 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 operated in joint venture with Impala Platinum Holdings Ltd., Mnombo Wethu Consultants Pty. Ltd., and HJ Platinum Metals Company Ltd. on behalf of Japan Organization for Metals and Energy Security and Hanwa Co. Ltd.

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