Platinex Inc. Announces A Delay In Filing Its Executive Compensation Disclosure Due To Delays Caused By COVID-19

TORONTO, June 26, 2020 (GLOBE NEWSWIRE) -- Platinex Inc. (CSE: PTX) ("Platinex" or the "Company") announces that due to circumstances created by the novel coronavirus ("Covid-19"), it will be postponing the reporting of its executive compensation disclosure required to be filed pursuant to section 9.3.1(2.2) pursuant of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102").

This news release is being issued in accordance to Ontario Instrument 51-504 – Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials dated May 1, 2020 (the “Order”). Platinex intends to rely on the exemption provided in this Order and to postpone the filing of its executive compensation disclosure until such time as the Company has filed and delivered to shareholders the Company’s information circular related to its 2020 annual general meeting of shareholders.

As previously disclosed on April 28, 2020, the Company will continue to observe a trading blackout consistent with the principles contained in National Policy 11-207 – Failure-to-File Cease Orders and Revocations in Multiple Jurisdictions until its annual and interim filings have been filed.

Contact

Lori Paradis, Corporate Secretary                  
Tel: [phone]                                           
Email: [e-mail]                        
Web: www.platinex.com

About Platinex Inc.

Platinex is currently focusing efforts on re-establishing its mining business, assembling a very large property in the Shining Tree gold camp, which has received little modern exploration compared to other gold camps in the Abitibi Greenstone Belt and forming alliances to move property exploration forward. The Company utilizing its proprietary data is also seeking financial backing to secure and advance major Platinum Group Element properties in North America. Shares of Platinex are listed for trading on the Canadian Securities Exchange under the symbol "PTX".