Frontier Lithium Inc V.FL

Lac des Iles area heating up!

[hank2010]

See what the neighbors are up to. Platinum Group Metals Ltd. Suite 800 – 409 Granville Street, Vancouver BC, V6C 1T2 Telephone: [phone] Fax: [phone] E-mail: [e-mail] Web Site: www.platinumgroupmetals.net CDNX: PTMSEC Form 20F, File No. 0-30306 No. 02-31 NEWS RELEASE MAY 10, 2002 WHEATON RIVER TO OPTION AND FUND DRILLING ON PART OF PLATINUM GROUP METALS LAC DES ILES AREA HOLDINGS Platinum Group Metals Ltd. (PTM: TSX Venture Exchange) is pleased to announce that it has entered into an Option Agreement with Wheaton River Minerals Ltd. (“Wheaton River”) whereby Wheaton River can earn up to a 25% interest in the Shelby Lake and Lac des Iles River Properties by funding exploration expenditures totalling $400,000. An initial $200,000 exploration program, which will allow Wheaton River to earn a 10% interest in both properties, is planned to start immediately. PTM will be the operator of the exploration program. The initial program will include ground geophysics and drilling of approximately 1,000 meters. A minimum of four drill holes, totalling approximately 800 meters are planned to test the Stinger Zone where surface grab sampling returned values of 5.7g/t palladium, 1.0g/t platinum and 0.7g/t gold. This is the first drill test of the Stinger Zone, which is hosted by the Towle Lake Intrusive Complex (TLC). The TLC can be traced for over 20km and hosts at least two other significant platinum-palladium occurrences within PTM’s holdings. The second target, to be targeted by 2 holes, is a distinct geophysical feature near the western end of this trend. PTM can earn a 50% interest in the Shelby Lake Property by completing expenditures of $500,000 over 4 years and a 60% interest by expending an additional $500,000 over an additional 30-months under an underlying Option Agreement with New Claymore Resources Ltd. PTM holds the right to earn a 50% interest in the Lac des Iles River Property by undertaking exploration expenditures of $1,000,000 over 5 years and a 60% interest by funding a feasibility study under the terms of an underlying agreement with East West Resource Corp. and Maple Minerals Ltd. Wheaton River’s Option is contingent on PTM completing its underlying Option earn -ins. At the end of the initial $200,000 program Wheaton River and PTM have the option of converting the Wheaton River’s property interest to PTM common shares. The obligations of PTM are subject to the approval of the TSX Venture Exchange. Not as good a deal as the HLM/AEM deal!