PTX

Platinex Inc. (TSX VENTURE:PTX), is pleased to announce today that it has
received and analyzed results for the initial hole drilled on the Caswell
project this winter. Hole WP11-01 intersected a composite gold value of 4.52 g/t
over a core length of 2.52 metres including 18.75 g/t Au over 0.5 m at a
downhole depth of 199 metres. Gold mineralization is hosted by quartz tourmaline
veins within gabbroic textured flows. The veining projects southeast of an area
of trenching completed last year (Trench 4 in the area of historic veins 108 and
109). This intercept provides a target area southeast of trench 4 for additional
powerstripping and drilling. Hole WP11-01 was collared 250 metres northwest of
Caswell shaft 1.


James R. Trusler, President and CEO states, "I am pleased to see the drilling
has confirmed historic indications of gold mineralization in each structure
intersected. The Caswell prospect is a very well mineralized system. Platinex
has been observing patterns in the distribution of silver and tellurium
mineralization relative to gold. Our work infers that these elements are
effective pathfinders to more significant gold zones nearby and we are examining
other potential pathfinders. We plan to target these zones for future drilling."


The top portion of hole WP11-01 tested both the Saville and Evelyn structures.
In this area, both features appear to be controlled by graphitic interflow
metasedimentary rocks, which have been sheared, chloritized and/or bleached and
quartz veined. Both returned anomalous gold values over several metres of width.
Within the structures the best values are as follows:




Saville Structure 0.10 g/t over 2.35 metres                                 
Evelyn Structure 0.29 g/t over 1.14 metres                                  



Additional screen metallic assaying for gold along with copper, silver,
tellurium, tungsten, molybdenum and bismuth are planned for samples within each
mineralized structure to provide guides to gold mineralization.


An additional six holes have been completed on the Caswell prospect and three
holes on the Herrick deposit. Results will be reported when complete for each
hole.


Follow up prospecting and sampling to locate the sources of multiple spectacular
high gold in till results on the property has commenced and will be carried out
during the summer. It is anticipated that the source of the gold grains is a
bedrock deposit(s) located between the Herrick and the Caswell structures.


Diamond drilling for the current program was done under contract by Laframboise
Drilling Inc. of Earlton, Ontario. A sampling quality control program consisted
of inserting known standards and blanks into the sample stream during the
logging and sampling process. All assaying for the current program has been
completed by ALS Minerals with a sample preparation laboratory located in
Sudbury, Ontario and assay facilities in Vancouver, BC. All results reported in
this release have quality control samples that returned results within
acceptable error and with no indication of cross contamination of samples.


Core logging took place within rented facilities in Shining Tree. Core to be
sampled was marked and tagged by the project geologist and cut or split by
Canadian Exploration Services or at the Shining Tree facilities. Delivery to ALS
Minerals for sample preparation and analysis was done either by Canadian
Exploration Services or Platinex personnel. The samples were analyzed for gold
using standard fire assay techniques.


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


About Platinex Inc.

Platinex has recently revealed strong evidence of a major gold bearing zone on
its Shining Tree property as evidenced by an extraordinarily high gold content
of soil samples along a nine km long corridor. Platinex is also exploring the
Herrick gold deposit with 63 holes drilled to date returning good gold values.
Platinex's management team has been leaders in the exploration and development
of Platinum Group Elements (PGE's) in North America for 24 years. Shares of
Platinex are listed for trading on the TSX Venture Exchange under the symbol
"PTX".


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.


To view the Shining Tree Project map, please visit the following link:
http://media3.marketwire.com/docs/PTXmap.pdf

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