Mr. Greg Ferron reports

PLATINEX INC. ANNOUNCES NAME CHANGE TO PTX METALS INC.

Platinex Inc. has completed its name change to PTX Metals Inc., effective Feb. 28, 2024. Management recommended the name change because Platinex no longer accurately describes the company's expanded portfolio and focus on gold and copper-nickel-PGE (platinum group element) projects.

Trading will commence under the new name on Wednesday, Feb. 28, 2024. The company's shares will continue to trade under the symbol PTX on the Canadian Securities Exchange, under the symbol PANXF on the OTCQB and under 9PX on the Frankfurt Stock Exchange.

New ISIN/CUSIP numbers reflecting the name change are CA69380V1067/69380V106. Existing shareholders are able to deposit or trade their common shares in the former company name and former CUSIP/ISIN.

Effective on or about Feb. 28, 2024, the company's website will have a new URL (uniform resource locator).

About PTX Metals Inc.

PTX Metals creates shareholder value through the opportunistic acquisition and advancement of high-quality projects in prolific Ontario mining camps. Current assets include a 100-per-cent ownership interest in the W2 copper-nickel-platinum-group-element 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-Tyrrell deformation zone near Iamgold's Cote gold operation in the southwest Abitibi.

PTX Metals 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. PTX Metals is based in Toronto, Canada.