Platinex issues shares for services

    TORONTO, Jan. 23 /CNW/ - Platinex Inc. (TSX Venture Exchange: PTX) today
announced that it has agreed to a shares for services payment of $20,000 to
Norstar Securities by the issuance of 235,294 common shares at a deemed value
of $0.085 per share. The common shares will be subject to a hold period
expiring on May 23, 2009.
    Platinex and Norstar Securities have terminated their agreement under
which Norstar provided strategic advice and services.

    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) 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".

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    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.

    %SEDAR: 00014019E

For further information:

For further information: Platinex Inc., James R. Trusler, President &
CEO, Tel: (905) 470-6400 ext. 8007, Email:; CHF Investor
Relations, Cathy Hume, CEO, Tel: (416) 868-1079 ext. 231, Email:

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