Platinex Consolidates W2 Copper-Nickel-PGE Project Acquiring Historical Resource - Seite 2

Previous operators identified numerous mineralized zones within a 7.5 km long folded corridor. Inco described the central area as containing a potential resource of “approximately 14.6 million tons averaging 0.58% copper and 0.37% nickel with minor values in cobalt, gold, platinum and palladium” based upon 47 drillholes. (Chattaway, R.T, B.Sc., Fellow, GAC, AGO. 2001. “Report on the Lavoie Lake Copper-Nickel Occurrence and Nearby Properties, Northwest Ontario”. PGM Ventures Corporation. and Osmani, I. A. , M.Sc., FGAC, P.Geo and Samson Jacques, B.Sc.H. 2002. “2001 Exploration Program, Lansdowne House Property”. Aurora Platinum Corporation. https://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/records/ ...). Platinex advises that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources or mineral reserves.

Qualified Person
The technical information presented in this news release has been reviewed and approved by Shuda Zhou, BSc, MSc, P. Geo. who is a qualified person for W2 as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About W2
W2 is a district scale land package comprised of 1,154 cell units covering 22,763 ha (227.6 km²) in an area of world-class geological targets located in the Oxford Stull Dome Complex near Ontario’s Ring of Fire. W2 controls the mineral-rich and under-explored, layered mafic-ultramafic Lansdowne House Igneous Complex (“LHIC”), which is highly prospective for copper-nickel (Cu-Ni), platinum group element (PGE), gold and chromite deposits. The common thread of strong Cu-Ni-PGE, Cr and Ti-V mineralization in the mafic- ultramafic intrusions ringing the Oxford Stull Dome is suggestive of a common source, a very large magmatic system, and therefore a potential significant abundance of metals in each intrusion.

Historical work, including approximately 20,000 metres of drilling in the W2 area by operators such as INCO and Aurora Platinum, has delineated at least seven significant mineralized zones within a 7.5 km long folded corridor near the centre of the land package. Additionally, VTEM and AeroTEM II airborne geophysical surveys have identified multiple high-priority conductors in the eastern section of the property which have yet to be drill tested.