Platinex Updates Drill Holes on the Shining Tree Property

Platinex Inc. (TSX VENTURE:PTX), is pleased to provide an update on the Shining
Tree Project. In March and April of 2011, Platinex completed seven
reconnaissance drill holes on the Caswell area of the Shining Tree Project,
totaling 1,070 m. On May 24, Platinex announced the results from the first hole
in the program, WP11-01, highlighted by a gold assay of 18.75 g/t over 0.5 m
within a broader zone of visible gold bearing quartz-tourmaline veining assaying
4.52 g/t over 2.52 m.


The remaining six holes focused on other shear zones, generally in locations
that could not be easily accessed for trenching due to proximity to Caswell
Lake. A total of eleven separate quartz tourmaline vein/shear structures with
anomalous gold values between 0.2 and 1 g/t were intersected, with total zone
widths ranging from 1.5 to 22.5 metres.


Six of the holes were surveyed by DGI Geoscience to provide structural
orientation of veins and shears observed in the drill holes. This technique will
prove invaluable in sorting out correlations of the numerous vein sets on the
Caswell prospect. In addition, an I.P probe and natural gamma log probe were
used to provide data on chargeability, resistivity and alteration (dominantly
potassic). This work, in addition to silver and tellurium assaying, has begun to
outline a broad alteration system controlled by a nearly orthogonal conjugate
fault system. The current interpretation is that each of the zones outlined
above is a separate structure within the overall conjugate fault pattern. The
2011 drilling along with the 2010 trenching programs have tested a small number
of structures within an area of 700 m by 400 m. Current exploration is following
up on the better results from 2010 and 2011, prospecting numerous old trenches
to sample additional structures, and is using till sampling and prospecting to
define how large the mineralized conjugate fault system may be. A detailed
description of the Caswell drilling with gold values will be posted on the
Platinex web site.


Additional prospecting and powerstripping is being carried out on various parts
of the property, as the results of till samples taken earlier in 2011 begin to
be received and compiled. Most of this focus is on the central portion of the
property between the Herrick and Caswell areas. A diamond drill program is
planned for the fall of 2011 to continue expanding the Herrick deposit, to test
additional targets at Caswell, including the mineralization intersected in
WP11-01, and to test priority reconnaissance targets as they develop.


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 David Jamieson, P.Geo 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 66 holes drilled to date returning encouraging 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.
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