Platinum Group Metals Ltd. Equity Distribution Agreement

Platinum Group Metals Ltd. has entered into an Equity Distribution Agreement with BMO Nesbitt Burns Inc., BMO Capital Markets Corp., and Beacon Securities Limited. This agreement allows the company to issue and sell its common shares through the agents, with an aggregate offering price of up to US$60,000,000. The shares will be sold on the NYSE American, LLC or the Toronto Stock Exchange. The agreement details the terms of these "at-the-market" offerings, including the floor price, sales agent compensation, and settlement procedures. The company has filed necessary documentation, including a preliminary short form base shelf prospectus and a registration statement on Form F-10, with Canadian and U.S. securities regulatory authorities. The agreement also includes representations and warranties from Platinum Group Metals Ltd. regarding its business, financial condition, and compliance with securities laws.