TORONTO, ONTARIO--(Marketwired - March 30, 2017) - Platinex Inc. (CSE:PTX)(CSE:PTX.CN) (the "Company") has
agreed to a purchase and sale agreement on 96 claim units totaling 1,536 hectares (3,840 acres). The vendor will receive
86,705 shares of Platinex Inc. in exchange for Platinex receiving a 100% interest in the claim block. The units are
contiguous with the Platinex Shining Tree project, centered on the Ridout-Tyrrell Fault zone between IAMGOLD Corp's Cote Lake
project and Tahoe Resources' Juby Project. The acquisition now brings Platinex holdings in the Shining Tree area to 476 claim
units covering 7,616 hectares (19,040 acres).
About Platinex Inc.
Platinex's goal is to create shareholder value through entrepreneurial endeavors and its existing mineral exploration
activities. The mining focus is currently on the Shining Tree gold camp, which has received little modern exploration compared to
other gold camps in the Abitibi Greenstone Belt, but its potential is accentuated by several major discoveries along strike in
recent years. Its current entrepreneurial activities include the establishment of a cannabis mall. Shares of Platinex are listed
for trading on the Canadian Securities Exchange ("CSE") under the symbol "PTX".
The information presented in this news release has been reviewed and approved by James R. Trusler, Geological Engineer, the
Chief Executive Officer of the Company and the Qualified Person for exploration at the Shining Tree property, as defined by
National Instrument 43-101 "Standards of Disclosure for Mineral Projects".
To receive Company press releases, please email jtrusler@platinex.com and mention "Platinex press release" on the subject line.
FORWARD-LOOKING STATEMENTS:
Certain of the information contained in this news release may contain "forward-looking information". Forward-looking
information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of
Platinex, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could",
"will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof
are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future
performance will be achieved. Forward-looking statements and information are based on information available at the time and/or
management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties,
assumptions and other unpredictable factors, many of which are beyond the Company's control. The Company does not intend, nor
does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this
news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.