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Gold/Mining/Energy : Platinum Group Metals (PGMs)

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To: Ptaskmaster who started this subject12/18/2002 10:14:43 PM
From: Natasha_Kidd   of 529
Wed Dec 18, 2002


Platinum Group Metals Ltd. (PTM: TSX-V) provides the following update.

The Company now holds four option property interests in South Africa including the Elandsfontein, Ledig, War Springs and Tweespalk properties. As previously announced, these properties are held under option agreements with the underlying owners. Africa Wide Investments, a black empowerment company with considerable expertise in the legal and environmental fields, is a 30% joint venture partner on the War Springs and Tweespalk Projects. The Company plans to drill on all four of its South African properties in the first quarter 2003, provided the Permits are in place.
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