Platinex Sells Tib Lake Claim Group

Platinex Inc. (TSX VENTURE:PTX)(PINKSHEETS:PANXF)(FRANKFURT:9PX), has entered
into an agreement with Lac des Iles Mines Ltd. to sell 100% interest in its Tib
Lake claims for $25,000 plus a 0.5% NSR royalty on production from the claims.
Lac des Iles Mines Ltd. is a subsidiary of North American Palladium Ltd. 


As well, Platinex has donated some 7,000 m of drill core plus derived data
respecting the Big Trout Lake Intrusion to the government of Ontario. The core
represents the only known complete stratigraphic section through an Early
Precambrian layered intrusion in Ontario and helps to unlock the secret to
platinum deposits in this setting. James R. Trusler, president and CEO of
Platinex said, "We know that the core will contribute to general knowledge and
hope that the interest sparked will ultimately lead to exploration and
development of similar intrusions in the Ring of Fire area of northwestern
Ontario."


For the purpose of this release James R. Trusler P.Eng is 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 expanding exploration
on the Herrick gold deposit with 62 holes drilled to date with an average grade
of 2.10 g/tonne gold. 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", (PINKSHEETS:PANXF)(FRANKFURT:9PX).


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.

Platinex Inc. (TSXV:PTX)
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