Another downgrade for Morgan Chase

2:07a ET Wednesday, October 9, 2002

Dear Friend of GATA and Gold:

GATA welcomes a new corporate supporter,
Platinum Group Metals Ltd., which was
introduced to GATA by our friend Ron
Struthers of the Resource Stock Advisory
newsletter.

Ron has provided a brief description of
the company, which is appended below.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Platinum Group Metals Ltd.
(www.platinumgroupmetals.net), listed as PTM
on the TSX Venture exchange and PTMQF on the
Nasdaq, provides unique global exposure to
platinum, palladium, and gold.

Platinum (US$564/oz) and palladium (US$312/oz)
have performed better than gold recently as a
result of their rare nature and increasing
use in jewelry and industrial applications.
As gold gains investment interest, these
precious metals should also see increased
interest in a tight physical market.

PTM has partnered with a proven technical
team in South Africa, which provides a strong
competitive advantage in the richest mineral
region in the world for platinum, palladium,
and gold. PTM made its first acquisitions in
South Africa recently and is continuing with
acquisition plans focused on all three
metals. New mineral laws in South Africa are
creating opportunities for acquisitions.

PTM also has substantial properties in Canada.

The world's largest platinum producer is
investing in PTM's Agnew Lake Platinum-
Palladium Project in Sudbury, Ontario,
Canada, with a 10,000-meter (30,000-foot)
drilling program under way. PTM surrounds one
of only two primary palladium mines in North
America, with 100 square miles of mineral
rights surrounding the mine. A recent drilling
discovery by PTM, having values similar to
those of the mine nearby, has sparked interest
among major mining companies.