Mr. Michael Jones 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. 20, 2020, in Vancouver, B.C.

The meeting had a turnout of shareholders representing 65.4 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 provided in an attached table.

Director             Number of shares for    Percentage for    Percentage withheld
                        
R. Michael Jones               36,042,502            99.53%                  0.47%    
Frank Hallam                   35,949,535            99.28%                  0.72%    
John Copelyn                   35,165,974            97.11%                  2.89%    
Timothy Marlow                 36,036,100            99.52%                  0.48%    
Diana Walters                  36,081,007            99.64%                  0.36%    
Stuart Harshaw                 36,038,668            99.52%                  0.48%    

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 98.88 per cent of the shareholders.

Shareholders also voted 96.61 per cent in favour of an ordinary resolution to approve the share compensation plan, as amended, until Feb. 20, 2023.

For more information on these matters, please refer to Platinum Group's information circular, which is available on SEDAR and 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.

We seek Safe Harbor.