Mr. Greg Ferron reports

PLATINEX REPORTS THE VOTING RESULTS FROM ITS AGSM AND ANNOUNCES NEW DIRECTOR

Platinex Inc. has released the voting results from its annual general special meeting of shareholders held on Jan. 16, 2024.

Shareholders holding 129,324,513 shares or 42.53 per cent of the issued and outstanding shares of the company (as at the record date Jan. 16, 2024) were represented in person or by proxy at the meeting and voted in favour of all matters brought before the meeting as outlined in the company's management information circular dated Dec. 8, 2023. The results have been filed on SEDAR+.

The company's shareholders set the number of directors of the company for the ensuing year at six. The six directors included one new nominee appointee, Rajesh Sharma.

Platinex is pleased to add Mr. Sharma, ICD.D, to the board of directors. Mr. Sharma is the president and chief executive officer at Fancamp Exploration Ltd., who is a nominee director through the shareholder agreement dated March 13, 2023, between the company and Fancamp. He brings global leadership experience across sectors including metals, mining, mineral exploration and international trade. He has led large-scale mining start-ups, several investments and acquisitions, forged mutually beneficial stakeholder partnerships, and led international businesses. He serves on the boards of publicly listed mineral exploration and mining companies. His past roles include executive in residence at Investissement Quebec, and CEO and board member of various mineral exploration, development and mining investment subsidiaries of Tata Steel in Canada and Africa.

Name change

The shareholders also approved the resolution to change the corporate name from Platinex to PTX Metals Inc. This name change will take effect in February, 2024, or such time as the corporate legal amendments have been concluded. Management proposed the name change as the name Platinex does not describe the company's expanded portfolio and focus on gold, copper-nickel-platinum-group-element projects. The company will continue to trade on the Canadian Securities Exchange under the symbol PTX.

Stock option plan

Shareholders voted in favour of reapproving the company's stock option plan. The corporation has agreed to grant an aggregate of 6,675,000 stock options to the directors, officers, technical team and consultants. The options are priced at five cents per share for a three-year term from the date of grant. The company also cancelled 425,000 previously granted options.

About Platinex Inc.

Platinex creates shareholder value through the opportunistic acquisition and advancement of high-quality projects in prolific Canadian mining camps. Current assets include a 100-per-cent ownership interest in the W2 copper-nickel-PGE project near the Ring of Fire in Northern Ontario and a 75-per-cent interest in the South Timmins mining joint venture with Fancamp Exploration, which is focused on gold exploration along the Ridout-Tyrell deformation zone near Iamgold's Cote gold operation in the southwest Abitibi.

Platinex also holds majority ownership in Green Canada Corp., which holds uranium assets in Saskatchewan, Ontario and Quebec, as well as an option to earn as a 100-per-cent ownership interest in the Muskrat Dam critical minerals project in Northwestern Ontario.

In addition to its mineral exploration assets, Platinex holds a portfolio of net smelter return (NSR) royalties on gold, PGE and base metal properties in Ontario. Having put together a strong and diversified project portfolio and an expert technical team, the company is focused on comprehensively exploring and evaluating each project to maximize shareholder value. Platinex is based in Toronto, Canada, with a primary listing on the Canadian Securities Exchange under the symbol PTX. The company is also listed in Frankfurt under the symbol 9PF and on the OTCQB in the United States as PANXF.

We seek Safe Harbor.