FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1.                   Reporting Issuer

PLATINUM GROUP METALS LTD.

328 – 550 Burrard Street Vancouver BC, V6C 2B5

Telephone:  (604) 899-5450     Facsimile:  (604) 484-4710

Item 2.                  Date of Material Change  April 10, 2008

Item 3.                   Press Release:  The Issuer issued a press release at Vancouver, BC dated April 10, 2008 to the TSX.

Item 4.                   Summary of Material Change:

Platinum Group Metals Ltd. (PTM-TSX; PLG-AMEX) announces that it, along with Anglo Platinum and Wesizwe Platinum have entered into agreements to purchase three used mine hoists for a total delivered cost of 21 million Rand (C$2.6 million).

Item 5.                  1.) Full Description of Material Change: See the news release dated April 10, 2008.

2.) Disclosure for Restructuring Transactions N/A

Item 6. Reliance on Section 85(2) of the Act (British Columbia) And Section 118(2) of the Act (Alberta) N/A

Item 7.                  Omitted Information  N/A

Item 8.                   Senior Officers

The following senior officer of the Issuer is knowledgeable about the material change and may be contacted by the Commission at the following telephone number:

R. Michael Jones, President & CEO  Phone: (604) 899-5450

Item 9. Statement of Senior Officer

The foregoing accurately discloses the material change referred to herein. Dated at Vancouver, British Columbia this 15th day of April, 2008.

Platinum Group Metals Ltd.

“R. Michael Jones”

R. Michael Jones,

President & CEO