Platinex Increases Incentive Stock Option Exercise Price



    AURORA, ON, Oct. 22 /CNW/ - Platinex Inc. (TSX Venture: PTX) announced
today that the exercised price of the 1,180,000 incentive stock options
announced by press release on October 16, 2007, has been increased from $0.30
per share to $0.32 per share. The options will expire on October 16, 2012.

    About Platinex Inc.

    Platinex is a Canadian exploration company based near Toronto. Platinex
focuses on carefully selected Platinum Group Element targets in settings
analogous to the JM reef (Stillwater Complex, Montana) and the Merensky and
UG2 reefs (Bushveld Complex, RSA). 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.

    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.

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    To receive Company press releases, please email chris@chfir.com and
mention "Platinex" on the subject line.

    %SEDAR: 00014019E




For further information:

For further information: Platinex Inc., James R. Trusler, President &
CEO, Tel: (905) 727-9046, Email: jim@platinex.com; CHF Investor Relations,
Cathy Hume, CEO, Tel: (416) 868-1079 ext. 231, Email: cathy@chfir.com;
Christopher Haldane, ext. 237, chris@chfir.com

Organization Profile

PLATINEX INC.

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