Platinum Group Metals Announces WBJV Project 1 Resumes Work

Platinum Group Metals Announces WBJV Project 1 Resumes Work 
VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA --
(Marketwire) -- 03/05/13 -- Platinum Group Metals Ltd. (TSX:PTM)(NYSE
MKT:PLG) ("Platinum Group" or the "Company") reports that today, in
South Africa, the Notice under Section 54 of the Mine Health and
Safety Act (1996) requiring it to stop its operations at WBJV Project
1 (Maseve) site has been uplifted by the Principal Inspector of
mines. 
The Company has resumed mine building operations and underground
development with diligent attention to the instructions of the
Department of Mineral Resources Inspectors. 
Safety has been the number one priority of the Company since
commencement of the construction of the WBJV Project 1 (Maseve) mine.
A thorough investigation of the recent incident is continuing with
the objectives of finding all of the causes of the incident and
improving safety going forward.  
About Platinum Group Metals Ltd. 
Platinum Group is building the WBJV Project 1 Platinum mine in the
Western Limb of the Bushveld Complex, South Africa. The Company owns
74% of the WBJV Project 1 Mine and 26% is owned by Africa Wide
Prospecting and Exploration (Pty) Limited, a wholly owned subsidiary
of Wesizwe Platinum Ltd. Platinum Group is also currently drilling
with 15 machines at the Waterberg Project in partnership with JOGMEC,
a Japanese state company and a private empowerment company. Platinum
Group is listed as PLG on the NYSE MKT and PTM on the TSX in Toronto. 
On behalf of the Board of Platinum Group Metals Ltd.  
R. Michael Jones 
This press release contains forward-looking information within the
meaning of Canadian securities laws and forward-looking statements
within the meaning of U.S. securities laws ("forward-looking
statements"). Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate, plans,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. All statements that are not
statements of historical fact are forward-looking statements.
Forward-looking statements in this press release include, without
limitation, statements regarding the Company's plans to move
Waterberg ahead with exploration and engineering work. In addition,
the results of the UFS may constitute forward-looking statements to
the extent that they reflect estimates of mineralization, capital and
operating expenses, metal prices and other factors. Although the
Company believes the forward-looking statements in this press release
are reasonable, it can give no assurance that the expectations and
assumptions in such statements will prove to be correct. The Company
cautions investors that any forward-looking statements by the Company
are not guarantees of future results or performance, and that actual
results may differ materially from those in forward looking
statements as a result of various factors, including, but not limited
to, variations in market conditions; the nature, quality and quantity
of any mineral deposits that may be locate;, the Company's ability to
obtain any necessary permits, consents or authorizations required for
its activities; the Company's ability to successfully complete
hedging establishment and off-take negotiations; the Company's
ability to produce minerals from its properties successfully or
profitably, to continue its projected growth, or to be fully able to
implement its business strategies and other risk factors described in
the Company's Form 40-F annual report, annual information form and
other filings with the SEC and Canadian securities regulators, which
may be viewed at www.sec.gov and www.sedar.com, respectively.  
The Toronto Stock Exchange and the NYSE MKT have not reviewed and do
not accept responsibility for the accuracy or adequacy of this news
release, which has been prepared by management. 
Contacts:
Platinum Group Metals Ltd., Vancouver
R. Michael Jones
President
(604) 899-5450 or Toll Free: (866) 899-5450 
Platinum Group Metals Ltd., Vancouver
Kris Begic
VP, Corporate Development
(604) 899-5450 or Toll Free: (866) 899-5450
(604) 484-4710 (FAX)
www.platinumgroupmetals.net
 
 
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