PTX

Platinex Inc. (TSX VENTURE:PTX) and Creso Exploration Inc. (TSX
VENTURE:CXT)(OTCQX:CRXEF)(FRANKFURT:C3X) are pleased to release results from
recent channel and grab sampling of the Gold Corona/Pet Vein Zones on their Gold
Corona joint venture property near Shining Tree, Ontario. 


Channel sampling on the Gold Corona/Pet Vein intersection returned up to 5.4g/t
Au over 1.80m and channel samples in the Pet Vein Pit returned up to 26g/t Au
over 1.35m. 


The Pet Vein pit samples were collected by pumping out the 4m deep flooded pit
where grab samples returned grades of up to 181g/t (or 5.3 Ounces/ton) Au. A
stockpile of well mineralized Pet Vein material of approximately 3-5 tons was
located adjacent to the Pet Pit and a 10.5kg character sample taken assayed
26.3g/t Au by FAA313 Fire Assay, Gravimetric and Metallic Screen Analysis.
Further excavation of the pit to establish the controlling geometry of the
mineralized zone for diamond drill targeting is planned.


James R. Trusler, President and CEO of Platinex Inc. stated, "The Gold Corona
Joint Venture brings together several known high grade gold veins within a thick
corridor of chemical metasedimentary rocks. The mineralization found within the
Gold Corona and Pet veins provides impetus for pursuing both an expanded high
grade body at depth and a large tonnage low grade deposit at surface."


Robert J. Casaceli, Creso President and CEO stated, "We are pleased to see the
Gold Corona JV moving forward with favourable surface sampling results and we
look forward to helping develop this promising property to its full potential."


A summary of the best results is included in the table below.



----------------------------------------------------------------------------
AREA                 Channel #                                              
                         /Grab  ASSAY g/t Au           Uncorrected width (m)
----------------------------------------------------------------------------
Gold Corona/ Pet   Channel Cut                                              
Vein Intersection            1           5.4                            1.80
                  ----------------------------------------------------------
                         incl.          21.0                            0.40
                  ----------------------------------------------------------
                   Channel Cut                                              
                             6           3.2                            1.25
                  ----------------------------------------------------------
                         incl.           5.9                            0.60
                  ----------------------------------------------------------
                   Channel Cut                                              
                             7           0.4                            8.23
                  ----------------------------------------------------------
                         incl.           1.2                            1.50
----------------------------------------------------------------------------
Pet Vein Pit       Channel Cut                                              
                            10          26.0                            1.35
                  ----------------------------------------------------------
                   Channel Cut                                              
                            11          13.3                            1.40
                  ----------------------------------------------------------
                         incl.          27.0                            0.40
                  ----------------------------------------------------------
                                              1.825kg GRAB SAMPLE Assayed by
                     West Face          77.9        Metallic Screen Analysis
                  ----------------------------------------------------------
                                              1.650kg GRAB SAMPLE Assayed by
                     East Face         181.0        Metallic Screen Analysis
----------------------------------------------------------------------------



Of additional note is the thick low grade tonnage potential to be investigated
based on the average grade of Channel Cut 7 of 0.4g/t Au over 8.23m.


All samples were collected under the direct supervision of Scott Franko P.Geo
who is the qualified person for this release. Assays were submitted to SGS Labs
in Don Mills for fire assay to be followed by gravimetric assay of samples
grading over 10g/t Au. Screen metallics assays were performed where visible gold
was noted. Samples were submitted with appropriate standards and blanks as a
QAQC measure.


About Platinex Inc.

Platinex has recently uncovered strong indications of a major gold bearing zone
on its Shining Tree property as evidenced by high gold content of soil samples
along a nine km corridor. Platinex continues to expand the Herrick gold deposit
with 66 holes drilled to date returning encouraging gold values. Platinex's
management team continues to lead in the exploration and development of Platinum
Group Elements (PGE's) in North America. 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.

About Creso Exploration Inc.

The Corporation's principal mining exploration holdings are located in the
Shining Tree mining camp of Northern Ontario within 100km of the Timmins and
Kirkland Lake mining camps, and additional interests are held in base metal
properties in Guatemala. 


FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties.
Forward looking statements in this press release may be identified by the words
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", and the negative thereof or other variations thereon or
comparable terminology. Actual results could differ materially from those
anticipated in such forward-looking statements as a result of numerous factors,
some of which may be beyond the control of Creso and Platinex. These factors
include: results of exploration activities, general market and industry
conditions and other risks disclosed in the Corporations' filings with Canadian
Securities Regulators. 


Forward-looking statements are based on the expectations and opinions of the
Corporations' management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. Creso and Platinex expressly
disclaim any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise,
except as required by applicable law. Depending on exploration results and
available financing, the Corporations may at any point modify the suggested work
program for 2011.

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