Platinex Inc.

Platinex Inc.

June 10, 2009 17:32 ET

Platinex Issues Shares for Services

TORONTO, ONTARIO--(Marketwire - June 10, 2009) - Platinex Inc. (TSX VENTURE:PTX), a Canadian exploration company, announced today that it has issued 98,039 common shares as payment for services at a deemed value of $0.085 per share. The shares are subject to a hold period expiring on October 7, 2009. Platinex also issued 50,000 common shares as part of an option agreement with Skead Holdings Ltd. for the Shining Tree Gold property. The shares are subject to a hold period expiring on October 9, 2009.

About Platinex Inc.

Platinex is a Toronto based exploration company. Platinex focuses on carefully selected Platinum Group Element targets in settings analogous to the Merensky and UG2 reefs (Bushveld Complex, RSA) and the JM reef (Stillwater Complex, Montana) and opportunistic acquisition and exploration of other selected precious metal targets. Platinex is determined to find platinum sources to be used in the campaign to eliminate the threat of global warming. Shares of Platinex are listed for trading on the TSX Venture Exchange under the symbol "PTX".

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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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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