Certain Common Shares of Platinum Group Metals Ltd. are subject to a Lock-Up Agreement Ending on 23-JAN-2017. These Common Shares will be under lockup for 90 days starting from 25-OCT-2016 to 23-JAN-2017. Details: The Company's officers and directors will enter into agreements providing that, subject to certain exceptions, for a period beginning from the date of the Underwriting Agreement and ending 90 days from the Closing Date, they will, without the prior written consent of BMO Nesbitt Burns Inc., directly or indirectly, offer, sell, contract to sell, transfer, assign, pledge, grant any option to purchase, make any short sale or otherwise dispose of or monetize any Common Shares or any options or warrants to purchase any Common Shares, or any securities convertible into, exchangeable for, or that represent the right to receive Common Shares, and will not enter into any swap, forward or other arrangement that transfers all or a portion of the economic consequences associated with the ownership of the Common Shares or agree to do any of the foregoing or publicly announce any intention to do any of the foregoing.