Platinex Announces New Technical Members to the Team - Seite 2

Line Cutting and Induced Polarization:

The Company is also pleased to announce a program of line cutting, and an IP (induced polarization) survey is being commissioned on a line grid comprising up to 57 line km and the work has commenced. The IP survey will cover parts of the Caswell-Ronda prospect area, also locate possible target sources of gold-in-till anomalies and test areas south of and through the Herrick mine and Churchill mine, where it is believed the Ridout-Tyrrell deformation zone separates older volcanic rocks on the south from a large area of Porcupine sedimentary rocks on the northeast.

All exploration activities, including drilling, line cutting and IP, are being designed and will be implemented within COVID-19 safety guidelines for the Province of Ontario.

Platinex owns 100% interest of the Shining Tree gold project, northern Ontario. The Shining Tree Property is situated in the Abitibi Greenstone Belt comprising 21,720 ha (53,648 ac.), making it the largest land position in the Shining Tree area. The property is located to the east of IAMGOLD’s Cote Gold deposit and along 21 km of the Ridout-Tyrrell deformation zone (“RTDZ”) and borders Aris’s Gold’s Juby Gold Deposit.

The information presented in this news release has been reviewed and approved by Mr. James R.Trusler, PEng, Chairman and CEO of the Company, and the qualified person for exploration at the Shining Tree property, as defined by National Instrument 43-101 -- Standards for Disclosure for Mineral Projects.

About Platinex Inc. – Advancing a District Scale Project in an Abitibi Gold Camp

Platinex is focusing its efforts on the exploration of its property in the Shining Tree District. Platinex has created the largest combined gold focused property package in the Shining Tree District, northern Ontario, which has received little modern exploration compared to other gold camps in the Abitibi Greenstone Belt. Shares of Platinex are listed for trading on the Canadian Securities Exchange under the symbol "PTX".

See the new video coverage titled – “Active Exploration Program at Caswell”

Greg Ferron, Board of Director/Corporate Development Consultant
Tel: [phone]

Lori Paradis, Assistant Secretary
Tel: [phone]
Email: [e-mail]

Web: www.platinex.com

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FORWARD-LOOKING STATEMENTS:

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

Investing into early-stage companies, inherently carries a high degree of risk and investment into securities of the Company shall be considered highly speculative.

The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.