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Press Release Details

Platinum Group Metals Ltd. Closes $1.3 Million Financing at $ 0.55 per Flow Through Special Warrant

12/22/2000

Platinum Group Metals Ltd, (PTG) closed a Special Warrant Financing for $ 1,310,000 at $ 0.55 per Special Warrant and filed a Preliminary Prospectus for a further financing of $ 1,400,000 at $ 0.50 per Common Share. The Flow Through Special Warrants convert to one Common Share without further consideration.

Goepel McDermid acted as Agent for the Flow Through placement and are acting as Agent for the Prospectus Offering. For Further Information on the financings please see the Prospectus on file at www.sedar.com or contact Goepel McDermid.

Platinum Group Metals Ltd. is focused on PGE exploration in Canada in the NWT, Sudbury Ontario and the Thunder Bay area, Ontario.

R. Michael Jones
President