PTX

Platinex Inc. (TSX VENTURE:PTX), is pleased to report gold grain counts from the
most recent 21 till samples from the program underway in Shining Tree, Ontario.
Follow up gold grain counts on established glacial gold train targets has
returned the best results this year. Fourteen samples were reported to contain
10 or more gold grains with an average count of 24.1 grains. Five samples
contain 9 or more pristine gold grains with an average count of 4 pristine gold
grains for the 21 samples. To date 285 till samples have been collected and
processed. Two glacial gold trains on the property are now outlined by 171
samples. The interpreted source area for the gold grains coincides spatially
with a series of extensive XDS Ortho EM time decay anomalies interpreted to be
the result of disseminated sulphide mineralization in place. 


To view the map of the Shining Tree Project Till Sampling Program, please visit
the following link: 


http://media3.marketwire.com/docs/1018sttssp.pdf

James R. Trusler, President and CEO of Platinex Inc. states, "We are excited
with the continuing encouragement and target definition from the till sampling
program. The correlation of the gold trains with known geological structures and
geophysical anomalies is providing ample evidence of at least two very large
gold targets. The efficiencies in the till handling adaptations that have
enabled direct assaying of the till fine fraction will help expedite our
exploration effort."


As a follow up to the encouraging 2008-2011 basal till sampling program, target
areas are being sampled in detail towards the interpreted gold sources. At each
sample point the basal till at the bedrock interface (which is indicative of
nearby source material) is being collected using a powered mini-excavator. A
small split of the till sample is field dried and sieved to minus 100 mesh and
sent for initial analysis. An average 10 kg split of the till is collected and
held pending results of the initial analysis. Bedrock chips collected at the
same locations are logged, stored and/or sent for assay.


The 21 basal till samples were selected from the first 43 sample locations which
returned anomalous gold assays of the fine fraction of the till. (see Platinex
Release Sept 26th 2011) Results from an additional 55 basal till fine fraction
samples and 43 bedrock chip or grab samples are pending. Follow up work
including further till sampling, outcrop stripping and IP is planned for the
remainder of October to define high potential drilling targets.


All samples have been collected and processed for assay under the supervision of
Scott Franko, P.Geo who is considered the qualified person for the purpose of
this release. All assays of bedrock chip samples and sieved till samples were
completed by SGS Laboratories in Don Mills, Ontario by Fire Assay (FAI313). Till
samples submitted for gold grain counts are sent to Overburden Drilling
Management in Ottawa. A heavy metal concentrate is produced by ODM for each
sample and the gold grains are characterized as rounded, modified and pristine
and counted under a microscope.


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 expanding exploration
on the Herrick gold deposit with 66 holes drilled to date returning encouraging
gold values. Platinex's management team are leaders 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.


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.

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