Platinum Group Metals Added to S&P/TSX Global
Mining Index
�(Vancouver/Johannesburg) Platinum Group Metals Ltd.
(PTM-TSX; PLG-NYSE:AMEX) (�Platinum Group� or the �Company�) is pleased to
announce that it has been added to the S&P/TSX Global Mining Index
effective at the market open on Monday, December 20, 2010.
The S&P/TSX Global Mining Index
provides an investable index for the global mining industry providing a representative
international benchmark tracking the world's leading mining companies. The
Toronto Stock Exchange serves as the distributor of both real-time and
historical data for this index. Eligibility criteria include certain levels
for market capitalization and liquidity, among other requirements.
About Platinum Group Metals Ltd.
Platinum Group has an experienced mine building and operating team based in
Vancouver, Canada and Johannesburg, South Africa. The Company has started on
the construction of a large scale platinum mine in
South Africa and is active in platinum exploration in South Africa and in
Canada.
The Company�s main asset is a 74%
interest in the Western Bushveld Joint Venture
(WBJV), a 275,000 ounce per year mine to produce platinum, palladium, rhodium
and gold with a 22 year mine plan. The WBJV is adjacent to 70% of the world�s
platinum production in South Africa. In addition to the WBJV Project, the
Company has two active exploration joint ventures with JOGMEC, the Japanese
state owned company. Platinum Group also owns significant mineral rights in
the vicinity of North American Palladium Ltd.�s Lac
des Iles Mine north of Thunder Bay, Ontario.
Platinum Group recently completed a
$143.81 million equity financing to begin development of the WBJV. The
Company has been supported by senior institutional shareholders and
investment banks over its 10 year history and it is listed as PLG on the NYSE
AMEX and PTM on the TSX in Toronto.
On behalf of the Board
of
Platinum Group Metals
Ltd.
�R. Michael Jones�
President and Director
For further information contact:
R. Michael Jones, President
or Kris Begic, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
The Toronto Stock Exchange and the New
York Stock Exchange � NYSE AMEX have not reviewed
and do not accept responsibility for the accuracy or adequacy of this news
release, which has been prepared by management.
This press release contains
forward-looking statements within the meaning of Canadian and U.S. securities
laws. Forward-looking statements are typically identified by words such as:
believe, expect, anticipate, intend, estimate, 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 timing of any debt/financing for Project
1, the potential to increase the Company�s interest in certain of its
projects and further exploration on the Company�s properties. In addition,
the results of the feasibility study 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 located, the
Company�s ability to obtain any necessary permits, consents or authorizations
required for its activities, 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 he 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.
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