Platinex issues shares for debt

AURORA, ON, March 21 /CNW/ - Platinex Inc. (TSX Venture: PTX) announced today that it has received regulatory approval effective March 19, 2007 from the TSX Venture Exchange with respect to the filing application in connection with the Shares for Debt transaction between Platinex Inc., a director and another non-arm's length supplier of services to settle debt totaling $62,720 by the issuance of 313,600 common shares at a deemed value of $0.20 per share. The common shares issued are subject to a four-month hold period.

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 became listed for trading on the TSX Venture Exchange on November 4, 2005, under the symbol PTX. Including the shares for debt financing, the Company will have 15,209,763 shares issued and outstanding.

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