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Platinum Group Metals Ltd.: Waterberg Technical Report Filed

Platinum Group Metals Ltd.: Waterberg Technical Report Filed 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/18/13 -- Platinum
Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the
"Company") announces that further to its news release dated February
1, 2013 (the "Release") announcing an updated inferred mineral
resource estimate on the Company's Waterberg Project located in the
northern limb of the Bushveld Complex of South Africa, it has today
filed the associated National Instrument 43-101 technical report. The
report, entitled "Revised and Updated Mineral Resource Estimate for
the Waterberg Platinum Project, South Africa (Latitude 23 degrees 22'
01"S, Longitude 28 degrees 49' 42"E)" is dated effective February 1,
2013 and was prepared by Kenneth Lomberg, B.Sc. (Hons) Geology, B.
Com., M. Eng. Pr.Sci.Nat., MGSSA, of Coffey Mining (SA) Pty Ltd.
supporting the disclosure of the updated inferred mineral resource
estimate. The technical report is consistent in all material respects
with the inferred mineral resource estimates announced in the
Release. A copy of the report can be found at www.sedar.com and on
the Company's website. 
Exploration with 15 drill rigs continues on the adjacent up dip
license and is being funded by Platinum Group and JOGMEC in joint
venture.  
R. Michael Jones, P.Eng., the Company's Chief Executive Officer and a
significant shareholder of the Company, is a non-independent
qualified person as defined in National Instrument 43-101 Standards
of Disclosure for Mineral Projects and is responsible for preparing
the information contained in this news release. 
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, President and CE
O 
Mineral Resource 
While the terms "mineral resource" and "inferred mineral resource"
are recognized and required by Canadian regulations, they are not
defined terms under standards in the United States. As such,
information contained in this report concerning descriptions of
mineralization and resources under Canadian standards may not be
comparable to similar information made public by U.S. companies
subject to the reporting and disclosure requirements of the United
States Securities and Exchange Commission ("SEC"). "Inferred mineral
resources" have a great amount of uncertainty as to their existence
and a great uncertainty as to their economic and legal feasibility.
It cannot be assumed that all or any part of an "inferred mineral
resource" will ever be upgraded to a higher category. Investors are
cautioned not to assume that any part or all of mineral deposits in
this category will ever be converted into reserves. 
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 mineral resource estimates. 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 LLC 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.
R. Michael Jones
President
(604) 899-5450 / Toll Free: (866) 899-5450
(604) 484-4710 (FAX) 
Platinum Group Metals Ltd.
Kris Begic
VP, Corporate Development
(604) 899-5450 / Toll Free: (866) 899-5450
(604) 484-4710 (FAX)