Palladium Mine Waterberg Project North Limb, South Africa Control - PowerPoint PPT Presentation

Advancing the Next Great Palladium Mine Waterberg Project – North Limb, South Africa Control of a 19.5M Ounce, Shallow, Mechanized PGM Reserve J u n e 1 8 , 2 0 2 0 PLG: NYSE AMERICAN | PTM: TSX

Platinum Group Metals Disclosure Technical and Scientific Information the extent to which the mineral resource estimates and assumed that all or any part of an inferred mineral This presentation has been prepared by Platinum the other estimates and projections included in the resource will ever be upgraded to a higher category. (“Platinum Group” Group Metals Ltd. or the reports may be materially affected by any known Under Canadian securities laws, estimates of inferred “Company”) . Information included in this presentation environmental, permitting, legal, taxation, socio-political, mineral resources may not form the basis of feasibility regarding the Company’s mineral properties has been marketing, or other relevant issues. or pre-feasibility studies, except in rare cases. compiled by R. Michael Jones, P.Eng, the President Additionally, disclosure of "contained ounces" in a and Chief Executive Officer of the Company, and a Cautionary Note to United States Investors resource is permitted disclosure under Canadian non-independent Qualified Person for purposes of Estimates of mineralization and other technical securities laws; however, the SEC normally only permits National Instrument 43-101 - Standards of Disclosure information included or referenced in this presentation issuers to report mineralization that does not constitute (“NI 43-101 ”), for Mineral Projects based on have been prepared in accordance with NI 43-101. The "reserves" by SEC standards as in place tonnage and independent information filed by the Company with the definitions of proven and probable reserves used in NI grade without reference to unit measurements. Canadian securities regulators and the U.S. Securities 43-101 differ from the definitions in SEC Industry Guide Accordingly, information contained or referenced in this and Exchange Commission (“SEC”) . R. Michael Jones, 7. Under SEC Industry Guide 7 standards, a "final" or presentation containing descriptions of the Company's the QP who has compiled the technical info for the "bankable" feasibility study is required to report mineral deposits may not be comparable to similar presentation, has approved the written disclosure reserves, the three-year historical average price is used information made public by U.S. companies subject to regarding technical and scientific information in this in any reserve or cash-flow analysis to designate the reporting and disclosure requirements of United presentation. For more detailed information regarding reserves and the primary environmental analysis or the States federal securities laws and the rules and the Company and its mineral properties, you should report must be filed with the appropriate governmental regulations thereunder. refer to the Company’s independent technical reports authority. As a result, the reserves reported by the and other filings with the Canadian securities regulators Company in accordance with NI 43-101 may not qualify COVID 19 and the SEC, which are available at www.sedar.com as "reserves" under SEC standards. In addition, the The recent COVID-19 pandemic and related measures and www.sec.gov, respectively. Scientific and technical terms "mineral resource", "measured mineral resource", taken by government create uncertainty and have had, information contained herein is derived from the "indicated mineral resource" and "inferred mineral and may continue to have, an adverse impact on many Company’s Company’s technical reports. Information contained resource" are defined in and required to be disclosed by aspects of the business, including herein related to the Waterberg Definitive Feasibility NI 43-101; however, these terms are not defined terms employee health, workforce productivity and availability, Study and associated Reserve and Resource Update under SEC Industry Guide 7 and normally are not travel restrictions, contractor availability, supply Company’s can be found in the October 4, 2019 technical report permitted to be used in reports and registration availability, the ability to maintain its entitled, “Waterberg Project Definitive Feasibility Study statements filed with the SEC. Mineral resources that controls and procedures regarding financial and and Mineral Resource Update. ” www.sedar.com and are not mineral reserves do not have demonstrated disclosure matters and the availability of insurance and www.sec.gov. Reference is made to such reports for economic viability. Investors are cautioned not to the costs thereof, some of which, individually or when more detailed information with respect to the assume that any part or all of the mineral deposits in aggregated with other impacts, may be material to the Company’s properties, including details of quality and these categories will ever be converted into reserves; Company. grade of each mineral resource estimate, details of the "inferred mineral resources" have a great amount of key assumptions, methods and parameters used in the uncertainty as to their existence, and great uncertainty mineral resource estimates and a general discussion of as to their economic and legal feasibility. It cannot be PLG: NYSE AMERICAN | PTM: TSX 1