Platinex Inc.
TSX VENTURE : PTX

Platinex Inc.

January 19, 2010 13:45 ET

Gold Assays at Platinex's Shining Tree Property Show Enrichment Trend at Depth

TORONTO, ONTARIO--(Marketwire - Jan. 19, 2010) - Platinex Inc. (TSX VENTURE:PTX), announced today ninety five total metallics assays for gold at Swastika Laboratories used to obtain greater sample accuracy have confirmed the values obtained from the February, 2009 drilling program. All drill hole intervals from the Herrick deposit are posted at the end of the release and will be posted on Platinex's website. A modest increase was noticed in the near surface hole assays using total metallics assay methods. Comparison of all results to date from 36 drill holes indicates a consistent and significant increase in estimates of gold content in total metallics assays from intersections which are greater than 50 metres in depth.

A 11,500 m drilling program is planned to commence in mid-March, 2010. Initial targets will be on the Herrick Vein where unqualified intersections of 39.1g/t Au/2.3m, 18.88g/t Au/3.4m; 8.22 g/t Au/0.7m and 5.5g/t Au/4.0m are reported at depths between 100 and 200m. The down rake extension of the former producing Ribble Vein will also be tested.

For the purpose of this release James R. Trusler, P.Eng is considered the qualified person.

To receive Company press releases, please email lparadis@platinex.com and mention "Platinex press release" on the subject line.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Metallics Assays        
        Interval  Total Metallics Original Assay
Hole ID Zone From (m) To (m) (m) Au g/t Au g/t
HP09-36 CENTRAL 36.35 43.5 7.15 2.76 3.19
incl CENTRAL 36.35 39.7 3.35 3.79 4.70
HP09-24 WEST 40.8 46 5.20 4.30 4.11
incl WEST 40.8 44 3.20 6.54 6.23
HP09-16 WEST 22 25.5 3.50 0.51 0.51
HP09-16 CENTRAL 48.2 49.85 1.65 3.89 3.84
HP09-17 WEST 33.5 37.7 4.20 2.80 3.05
incl WEST 34 36.7 2.70 3.29 3.68
HP09-18 WEST 22.3 23.3 1.00 5.10 5.68
HP09-19 WEST 10 11.15 1.15 1.22 1.24
HP09-20 CENTRAL       NSV NSV
HP09-21 CENTRAL 12.75 14 1.25 6.90 6.84
HP09-22 CENTRAL 14 21.4 7.40 0.72 0.71
incl CENTRAL 19 21.4 2.40 1.19 1.14
HP09-23 WEST 14.4 15.7 1.30 5.67 5.62
HP09-25 WEST 12.9 14.3 1.40 3.05 2.47
HP09-26 WEST 17.4 18 0.60 3.70 3.22
HP09-27 WEST 18.6 29 10.40 2.65 2.63
incl WEST 26.3 29 2.70 5.42 5.46
HP09-28 WEST 24.9 26.3 1.40 2.07 1.94
HP09-29 WEST 14 20.5 6.50 1.79 1.77
incl WEST 19 20 1.00 8.72 8.52
HP09-30 WEST 18.2 28.4 10.20 1.53 1.57
incl WEST 18.9 20.7 1.80 6.28 6.47
HP09-31 WEST 24.2 31.4 7.20 1.88 1.74
incl WEST 26 29 3.00 3.08 2.88
HP09-32 WEST 26.3 30.5 4.20 0.48 0.48
HP09-33 hole stopped short of target due to shaft
HP09-34 CENTRAL 27.3 29.6 2.30 2.00 1.97
incl CENTRAL 27.3 29.1 1.80 2.33 2.32
HP09-35 CENTRAL 8.7 9.7 1.00 0.57 0.57
HP09-37 CENTRAL 19 24 5.00 2.20 2.09
incl CENTRAL 22.33 24 1.67 5.18 4.88
HP09-38 CENTRAL 29.3 30.7 1.40 2.79 2.59
HP09-39 CENTRAL 21.3 23.7 2.40 1.27 0.96
HP09-40 CENTRAL 35.85 37 1.15 2.63 2.94
HU89-5 WEST 26 26.4 0.40 2.18 2.18
HU89-5 CENTRAL 78.1 80 1.90 2.36 2.36
HU89-5 EAST 98.15 100.5 2.35 3.54 3.41
HU89-6 WEST 32 35 3.00 1.12 1.18
HU89-7 WEST 73.2 74.9 1.70 3.27 2.91
HU89-7 CENTRAL 114 115.3 1.30 4.10 4.08
HU89-8 WEST 39.3 42.1 2.80 5.94 5.46
incl WEST 39.3 41.1 1.80 8.72 7.94
HU89-8 CENTRAL 73 74.7 1.70 8.92 7.75
HU89-9 CENTRAL 79.7 87 7.30 2.51 2.58
incl CENTRAL 81.8 84.85 3.05 3.18 3.27
HU89-10 CENTRAL 68 73 5.00 2.20 2.09
incl CENTRAL 70.5 72 1.50 3.54 3.29
HU89-11 CENTRAL 46.3 50 3.70 2.93 2.96
incl CENTRAL 46.8 47.9 1.10 5.81 5.82
HU89-12 CENTRAL 90 99.5 9.50 1.90 1.71
incl CENTRAL 90.4 92.4 2.00 3.27 3.10
HU89-13 CENTRAL 104 105 1.00 4.97 4.50
HU89-14 CENTRAL 62.55 69.85 7.30 1.66 1.51
incl CENTRAL 65.9 69.85 3.95 2.62 2.32
HU89-15 CENTRAL 99.25 103.5 4.25 2.21 1.73
incl CENTRAL 99.25 100.7 1.45 3.73 2.62

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