Platinex Issues Shares for Services

TORONTO, ONTARIO, Jul 10 (MARKET WIRE) --
Platinex Inc. (TSX VENTURE: PTX), a Canadian exploration company,
announced today that it has issued 98,039 common shares as payment for
services at a deemed value of $0.085 per share. The shares are subject to
a hold period expiring on November 7, 2009.

About Platinex Inc.

Platinex is a Toronto based exploration company. Platinex focuses on
carefully selected Platinum Group Element targets in settings analogous
to the Merensky and UG2 reefs (Bushveld Complex, RSA) and the JM reef
(Stillwater Complex, Montana) and opportunistic acquisition and
exploration of other selected precious metal targets. Platinex is
determined to find platinum sources to be used in the campaign to
eliminate the threat of global warming. Shares of Platinex are listed for
trading on the TSX Venture Exchange under the symbol "PTX".

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.

Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Platinex Inc.
James R. Trusler
President & CEO
(905) 470-6400 ext. 8007
jtrusler@platinex.com

Copyright 2009, Market Wire, All rights reserved.

-0-