PLATINEX AND ONTARIO SETTLE DISPUTE OVER BIG TROUT LAKE

Platinex(PTX) reported a scheduled $2.0 million flow-through financing on January 19, 2010 in order to launch an aggressive exploration program including 11,500m of drilling on its Shining Tree gold property.

The press release is quoted as saying:

Platinex is a Canadian mining exploration company. PTX’s management team has been leaders in the exploration and development of Platinum Group Elements (PGEs) in North America for 24 years. Platinex also actively pursues the opportunistic acquisition of other precious metal targets.

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