Platinex Announces New Website Launch & Results of Warrant Exercise

TORONTO, ONTARIO--(Marketwired - June 29, 2017) - Platinex Inc. (CSE:PTX)(CSE:PTX.CN)(CNSX:PTX) ("Platinex" or the "Company") announces the launch of their brand new community resource website, on Saturday, July 1^st, 2017. The URL is www.cannabismall.org. The intention of the site is to become an important voice in the cannabis community of Canada and eventually the world. As well, the site will provide regular updates on the building of the Cannabismall.shop website.

Platinex further announces since June 28, 2016 (8,219,000) warrants have been exercised to net the treasury $415,950. Currently 4,501,000 of the June 28, 2016 and August 25, 2016 warrants remain outstanding at an exercise price of $0.10/share until June 28, 2021.

Giving consideration to the exercise of the warrants the total issued and outstanding shares of the Company is 81,238,710.

James R. Trusler, President & CEO of Platinex, states: "Shareholder support with the success of the warrant exercises provides excellent support as Platinex continues to develop its business plan."

About Platinex Inc. - Platinex has a long history of resource exploration and continues to focus efforts in this area. Platinex is also currently focusing efforts on the timely and strategic development of an online platform for the cannabis industry. Cannabismall.org is set to launch on July 1, 2017. Shares of Platinex are listed for trading on the Canadian Securities Exchange under the symbol "PTX".

To receive Company press releases, please email jtrusler@platinex.com and mention "Platinex press release" on the subject line.

FORWARD-LOOKING STATEMENTS:
Certain of the information contained in this news release may contain "forward-looking information". Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Platinex, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.