Platinex Supports Go Green Ontario Initiative



    TORONTO, July 18 /CNW/ - Platinex Inc. (TSX.V:PTX) today announced its
support for the Ontario Government initiative to create a protected area in
the boreal forest north of 51 degrees latitude and provide local First Nations
with more capacity to participate in exploration and development of the
non-protected portion of the area, as part of Go Green Ontario
(<A HREF="http://www.gogreenontario.ca">www.gogreenontario.ca</A>).

    James R Trusler, President and CEO of Platinex Inc. stated, "Platinex
holds some 57,400 acres in the McFaulds Lake-Big Trout Lake Belt which is
starting to look like a huge nickel, chromium, platinum group element bearing
structure. We are one of the larger land holders in the area and providing an
environment to allow parties to partner cooperatively is something that
Platinex has advocated for a long time. This announcement appears to promise
the first step."

    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.

    To receive Company press releases, please email <A HREF="MailTo:shirley@chfir.com">shirley@chfir.com</A> and
mention "Platinex" 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.

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

    %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

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