2010 Highlights

• Completed the "Project Delta" reorganization of the Western Bushveld Joint Venture ("WBJV") assets on April 22, 2010 with the Minister of the Department of Mineral Resources approval, gaining Platinum Group the right to acquire a 74% project interest
• Jinchuan Group, a Chinese state company, announced in June 2010 their agreement to acquire control of the WBJV partner Wesizwe and finance their Frischgewaagd-Ledig project to production
• Completed extensive value engineering and project planning on the WBJV Project 1 Platinum mine, including detailed plans for underground development and project implementation
• Continued exploration drilling on the War Springs Property in the North Limb of the Bushveld Complex, funded by the Government of Japan's State Company, JOGMEC
• Initiated exploration funded by JOGMEC on the Waterberg Project and discovered a previously unmapped part of the Bushveld Complex
• Continued positive interaction with the communities in the area of our operations including the PTM sponsored second "Annual Friendly Soccer Tournament" with several teams from the nearby communities taking part (Platinum Group's Staff Team was beaten badly by the enthusiastic community teams)
• Had a successful start to our "Eat What You Grow Project" in community schools where over 400 learners participated in a program to teach young children how to grow, harvest, eat and even potentially sell their own food. The project was embraced by the school district and encouraged a message of self-determination
• A deposit was made and positive interaction continued with the State owned utilities negotiating for the delivery of power and water to the WBJV Project 1
• In August, 2010 the Company acquired the right to purchase the last large scale piece of surface rights, with accommodation facilities, overlaying the deposit area of the Project 1 Platinum Mine, increasing the Company's holdings to approximately 2,700 ha

• Institutional shareholders showed their support for our Company in September 2010 to exercise Warrants early at $1.75 per share for $6M
• In September, 2010 the Company announced an updated resource estimate for Project 3 of the WBJV
• In October, 2010 the Company completed $143.8M bought deal financing with a syndicate of underwriters lead by Canadian investment banks BMO, RBC, and GMP as Joint Book Runners. The overwhelming global broad institutional support for this offering highlights the Company's highly competitive position in platinum and encourages us to drive forward with the construction.