Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE Amex) (“Platinum Group”) closes negotiation and ownership of Projects 1 and 3 of the Western Bushveld Joint Venture (“WBJV”). The contract includes the feasibility stage, 275,000 ounces per year Project 1 Platinum Mine.

"President and CEO, R. Michael Jones said, “We are now in a position to advance the Project 1 Platinum Mine and make a final decision on our strategic alternatives in the weeks ahead. We have a high degree of interest in the project from several different global players and financing groups at a time when the fundamentals for platinum and palladium have never been better.”

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