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New Opportunity * New Horizon. Prepared on 06/01/07. Platinex Highlights Explore for Multi-Million oz PGE deposits ( e.g . Bushveld) Control 4,889 Ha of claims and leases over Big Trout Lake (BTL) layered intrusions in Northern Ontario BTL Complex: 500 m thickness of ultramafics;
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Platinex Inc. TSX-V: PTX New Opportunity * New Horizon Prepared on 06/01/07
Platinex Inc. TSX-V: PTX • Platinex Highlights • Explore for Multi-Million oz PGE deposits (e.g. Bushveld) • Control 4,889 Ha of claims and leases over Big Trout Lake (BTL) layered intrusions in Northern Ontario • BTL Complex: • 500 m thickness of ultramafics; • identified 17 chromitite layers • PGE Intercepted: • 8.3 g/t PGE over 2.3 m in previous drilling • 310 intercepts over 1 gm Pt+Pd+Au • Six Drill Ready PGE Targets and chromium deposits have been identified - 7,225 m drilling planned
Platinex Inc. TSX-V: PTX • Platinex Highlights • Chromium drill program to substantiate previous results which includes conceptual model of 1.725 billion tonnes of 8.4% Cr2O3. • Metallurgical tests to evaluate characteristics of chromite, test recovery and processing techniques and conduct preliminary pilot studies. • Preliminary ore valuation of chromite deposits. Possibly 2-4 g PGE in chromite; relationship between chromite and PGE mineralization. • 17,000 feet of core drilled by INCO to be relogged and sampled for PGE for the first time at a total probable cost of $200,000 ( a cost saving of $1.3 million • High hit potential in the former INCO drill fences as both Merensky Reef equivalent and Main Sulphide Zone equivalent stratigraphy will be tested for the first time for PGE.
Platinex Inc. TSX-V: PTX Share Structure Symbol: PTX Shares Outstanding: 15.3 million Fully Diluted: 18.3 million Share Price (6/1/07): $0.30 Market Capitalization: $4.6 million 52 week High/Low: $0.56/ $0.10 Working Capital ($0.5 million) Insiders et al. Ownership: 40%
First Nations Issues Platinex has had a long and frustrating relationship with Kitchenuhmaykoosib Inninuwug (KI) – but has contract with local trapper and originally had consent of chief to proceed with exploration. KI blockaded Platinex, saboutaged airstrip, and pillaged campsite last Feb forcing a termination of a drill program - police and Ontario refused to enforce law. To gain access Platinex took KI to court. Judge in July refused Platinex's injunction but upheld KI injunction charging KI to immediately enter consultation with Platinex and Ontario (Based on irreversible harm to culture etc.) After months of court cases Judge has restored Platinex possession of claims and leases and proclaimed the Memorandum of Understanding and Consultation Protocol covering the first 24 holes of an 80 hole program. Judge will remain in the background to ensure that the parties agree and accommodate to enable Platinex to explore the property Platinex, KI and Ontario now in more cooperative consultation to establish agreement on further drilling while the current program is being conducted. Platinex Inc. TSX-V: PTX
Platinex Inc. TSX-V: PTX • Officers and Directors • James R. Trusler, President, CEO and Director: Geological Engineer with 39 years exploration experience & strong focus on PGE’s; • Simon L. Baker, Vice President, Corporate Development and Director: Chartered Geologist and management services professional with 27 years of government and industry experience; • R. Bruce Reilly, Chief Financial Officer: Chartered Accountant with 20 years experience • James Marrelli, Director: Solicitor with law firm of Marrelli & Amenta (Toronto) with 23 years experience; • Thomas Atkins, Director: President & CEO of Crowflight Minerals with 19 years mineral & financial industry experience; • John Ross, Director: Vice President, Financial Planning and Analysis for MDS Inc. • Robert G. Kearns, Director: President of Kearns Insurance
Platinex Inc. TSX-V: PTX Big Trout Lake
Platinex Inc. TSX-V: PTX Geology and Claim Block
Representative Picture from the Project/Camp Platinex Inc. TSX-V: PTX
Platinex Inc. TSX-V: PTX Stratabound PGE Model
10 kilometres Big Trout Lake Chromite Deposits Platinex Inc. TSX-V: PTX
Platinex Inc. TSX-V: PTX Exploration Targets Target 1: basal Ni-Cu-PGE zone. Target 2 through 6: stratabound PGE prospects
Platinex Inc. TSX-V: PTX Ni Cu PGE Target – Basal Zone • Model similar to Norilsk, Sudbury, Thompson or Thierry Mine. • A very strong 800m long EM anomaly at the base of the Big Trout Lake Intrusion interpreted as massive sulphides.
Platinex Inc. TSX-V: PTX Stratabound PGE Target 2
Platinex Inc. TSX-V: PTX Stratabound PGE Target 3
Platinex Inc. TSX-V: PTX Stratabound PGE Target 4
Platinex Inc. TSX-V: PTX Stratabound PGE Target 5
Platinex Inc. TSX-V: PTX Stratabound PGE Target 6 Target 6 is an EM anomaly on the extension of the West Zone. The West Zone is a highly anomalous PGE horizon with mineralization from 20 to 60 m thick.
Platinex Inc. TSX-V: PTX Summary of Chromite Intersections with Related Pt-Pd Values
$2.5 million financing Reevaluate PGE reef potential in 17,000 feet of core and test near chrome zones with reliable PGE assay techniques Conclude working agreement with KI and Ontario Conduct first 24 holes of 80 hole program designed to bring chromium deposits to initial resource status, assess PGE content and conduct metallurgical tests and optimization studies. Acquire in the first two months after financing two large scale large potential PGE prospects and two additional gold and/or nickel projects which are at an advanced stage. Financing for Work Program on other properties in September-October at a projected price of plus $1.00/share. Establish aggressive Investor Relations program Near Term Objectives Platinex Inc. TSX-V: PTX
Platinum demand growing – prices increasing Controls 19 km section of the BTL Complex BTL Complex geology is similar to Bushveld and Stillwater Complexes 6 PGE Targets ready to drill, very large chromite deposits Potential for a very big, significant discovery similar to Merensky Reef in the Bushveld Underlying potential value yields almost unprecedented multiplier to stock price – could this be a 1,000 bagger? Summary Platinex Inc. TSX-V: PTX
Platinex Inc.James R. Trusler President, CEO and Director Tel: 905-727-9046 Fax: 905-727-4313 jim@platinex.com CHF Investor RelationsCathy Hume CEO Tel: 416-868-1079 ext. 231 Fax: 416-868-6198 cathy@chfir.com Platinex Inc. TSX-V: PTX www.platinex.com
This document has been prepared by Platinex Inc. and should be read in conjunction with the final listing application to the TSX Venture Exchange and SEDAR filings. Certain statements included in this document constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from future results expressed or implied by those forward-looking statements. Under no circumstances are the contents hereof to be reproduced in whole or in part, to the public or the press. Securities legislation in Canada prohibits such distribution of information. This document is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Platinex Inc. TSX-V: PTX Disclaimer