Platinex Provides Update on Exploration Activities at Its Shining Tree Gold Project

Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) ("Platinex" or the "Company") is pleased to provide an update on exploration activities at its Shining Tree Gold Project ("Shining Tree" or the "Project") located in the Abitibi region of Ontario, a world-renowned gold district.

The Company has adopted a two-pronged approach whereby it is working both to identify new gold targets in several highly prospective and underexplored areas of the 225 km ² land package, including ground along the Ridout-Tyrrell Deformation Zone (RTDZ), through cost-effective grassroots prospecting methods, and to further develop drill targets at the centre of the property, including the Herrick deposit and the Ronda Mine area, through more advanced exploration. Several areas targeted as part of the current exploration program are on the grounds that Platinex acquired through recent property acquisitions.

Fieldwork carried out during 2022, including prospecting, geological mapping, litho-geochemical sampling, and soil sampling, as well as the compilation and modelling of historical drilling in the Herrick deposit and Ronda Mine areas, has increased Platinex's understanding of the district-scale Shining Tree property and will assist in the development of exploration programs and prioritization of areas for stripping, trenching, and drilling as the Company advances the Project.

Recent field work

Soil sampling in new target areas 2 and 3 has been completed and target area 5 has been partially covered. 1,865 samples were collected and submitted to Activation Laboratories Ltd. ("Actlabs") for Soil Gas Hydrocarbon ("SGH") and/or Inductively Coupled Plasma Mass Spectroscopy ("ICP-MS") analysis. SGH results for area 3 have been received from Actlabs.

SGH results in area 3 identified a robust anomaly in one of the most reliable SGH Pathfinders Classes in predicting the presence of gold mineralization. The "Bob Lake Anomaly" (BLA), as termed here, is located immediately east of Bob Lake in the east-central part of the soil grid in area 3 (Figure 1). According to Actlabs, which has recommended the BLA target for drill testing, a rating of 5.0, based solely on SGH, means a high probability that mineralization may be present. The BLA corresponds with the potential gold mineralization targets identified by Windfall Geotek using artificial intelligence (AI) (see press release dated August 23, 2022). The BLA is a highly prospective target for further exploration including stripping, trenching, and drilling as the Company continues its work program at Shining Tree.

A reconnaissance geological mapping transects along the highway in target area 1A identified a broad northeast-striking deformation zone with strong to intense iron carbonate alteration and quartz veining/stringers halfway between the Herrick and Ronda deposits. This deformation zone has a northeast trend similar to nearby historical gold-in-till anomalies. Detailed litho-structural mapping and lithogeochemical sampling will be completed to evaluate its economic potential for gold mineralization.

Target area 3: This target area, in south-central MacMurchy Township, was selected as a priority target following an AI review of historical data. The target area is cut by northwest and northeast-trending shears/faults and a north-northwest-trending fault similar to the Michiwakenda Lake Fault, which hosts the Herrick deposit located 400 m to the west in southeastern Churchill Township. Following the identification of the BLA, samples collected for SGH analysis will now be analyzed using ICP-MS and compared with SGH results to provide the Company with additional information on this target. A few outcrops along and immediately north of the east-west bush road were mapped and found to be deformed by northeast- to east-northeast-trending shear zones and altered to highly oxidized iron-carbonate+/-silica schist. These altered and deformed zone broadly correspond with a satellite SGH anomaly identified in the most north-central part of the soil grid (Figure 1).

Target area 2: This target area, in northern MacMurchy Township, covers the east-west-trending sheared Keewatin-Porcupine assemblage contact and is host to numerous northwest-trending splay structures off the RTDZ. The target area is coincident with significant gold-in-till anomalies. Soil samples have been collected and submitted to Actlabs for ICP-MS analysis.

Target area 5: This target area, in central Leonard Township, is host to potential splay structures off the RTDZ, similar to the Tyrrell Fault hosting the Juby and other gold deposits in adjacent Tyrrell Township. The target is characterized by a magnetic high coincident with the folded iron formation, which is considered a favourable setting for gold deposits. Field crews covered 65% of target area 5. Soil samples have been collected in the area covered and submitted to Actlabs for ICP-MS analysis.

Following receipt of ICP-MS results from targets areas 2, 3, and 5, as well as the ongoing project-wide data compilation, including the modelling of the Herrick deposit and the Ronda mine area, the Company will determine next steps in each target area, including potential litho-structural mapping, lithogeochemical sampling, geophysical surveying, stripping, trenching, and drilling. Additionally, the Company will continue soil sampling over the remaining portions of target area 5 as well as target areas 1A/B and 4 which have not been completed to date (see press release dated August 23, 2022).

Certain exploration expenditures incurred during recent work at Shining Tree qualifies for reimbursement through the Ontario Junior Exploration Program (see press release dated May 10, 2022).

Corporate Matters:

The Company has received inquiries from shareholders about the proposed share consolidation approved at Platinex's annual general and special meeting of shareholders held on July 13, 2022. The Company wishes to inform shareholders that a share consolidation is not being completed at this time and, as stated in a press release dated August 27, 2022, the Company will not complete a share consolidation except as part of a shareholder value-enhancing transaction, such as a spin-off of assets.

QA/QC and Sampling Protocols

Soil samples were collected from the B-horizon of soil developed on a glacial till substrate. Approximately 30 grams of material was collected from each sample site. For field duplicates, samples were taken from the same soil hole and were of approximately the same size and of the same representative sample medium. Following collection, samples were shipped to Actlabs in North Bay, Ontario for preparation. For SGH analysis, the samples are air-dried at 40°C, then sieved and the -80 mesh sieve fraction (

The technical information presented in this news release has been reviewed and approved by Ike Osmani, P. Geo, a qualified person for exploration at the Shining Tree Gold Project, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Platinex Inc.: Platinex creates shareholder value through the opportunistic acquisition and advancement of high-quality projects in prolific Ontario mining camps. Current assets include a 100% ownership interest in the 160 km ² district scale W2 Copper-Nickel-PGE Project in the Ring of Fire and a 100% interest in the 225 km ² Shining Tree Gold Project in the Abitibi region of Ontario, a world-renowned gold district. The W2 Project controls one of the major Oxford Stull Dome complexes. The Shining Tree Project covers a major portion of the Ridout-Tyrrell deformation zone that trends as far west as Newmont's Borden Mine, through the area of IAMGOLD's Cote Gold deposit, and across Aris Gold's Juby Project. The Company is also developing a net smelter return (NSR) royalty portfolio and currently holds royalties on gold, PGE, and base metal properties in Ontario.

For further information please contact Mr. Greg Ferron, CEO at 416-270-5042 or via email at: gferron@platinex.com

To receive Company press releases, please sign up on the website www.Platinex.com.

FORWARD-LOOKING STATEMENTS :

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include those regarding planned exploration activities at the Shining Tree Gold Project. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any province in which such an offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.

a photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/71da75cf-6c28-40d3-aefa-b4e7ec52a99f

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Platinex Launches Exploration Programs for the South Timmins Mining Joint Venture

Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (" Platinex " or the " Company ") is pleased to announce exploration progress and plans for its South Timmins Mining Joint Venture ("South Timmins Mining" or "Joint Venture") properties. The South Timmins Mining properties include the Shining Tree, Heenan, and Mallard gold projects, all of which lie along the Ridout-Tyrrell Deformation Zone ("RTDZ") in the Abitibi Subprovince, one of the most gold enriched geologic regions in the world. IAMGOLDSumitomo's Côté Gold project, Aris Mining's Juby deposit, and numerous other small-scale historic gold producers fall within or are proximal to the RTDZ (see project location map, Figure 1).

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Platinex Common Shares Commenced Trading on the OTCQB Venture Market in the United States Under the Symbol "PANXF"

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The OTCQB listing offers convenience and accessibility for investors based in the United States and internationally while providing increased visibility and exposure to the Company. The OTCQB is operated by the OTC Markets Group, an American financial market, headquartered in New York City provides price and liquidity information for almost 10,000 over-the-counter securities. OTCQB listed companies reporting requirements undergo an annual verification and management certification process.

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Fancamp Reports on Shining Tree Gold Property Exploration Program Joint Venture with Platinex

Fancamp Exploration Ltd. (" Fancamp " or the " Corporation ") (TSX Venture Exchange: FNC ) is pleased to share the recent program updates and announcement made by Platinex Inc. (CSE:PTX) ("Platinex") with regards to the Shining Tree Gold Property, in which the Corporation holds a 25% interest through South Timmins Mining Inc. ("Goldco"), a joint venture with Platinex Inc. ( refer to news release dated March 14, 2023 ). GoldCo's Shining Tree Gold Property is strategically located in the South-West region of the Abitibi Greenstone Belt, the world's largest 2.7-billion-year-old mineral-rich greenstone geological belt, which hosts numerous major gold and base metal deposits, and predominant gold producers ( refer to Figure 1 ).

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Platinex Reports Positive Geochemical Sampling Results and Commences Exploration Program at Shining Tree Gold Property

Platinex Inc. (CSE:PTX) (OTC: PANXF, Frankfurt: 9PX) (" Platinex " or the " Company ") is pleased to provide an update on its Shining Tree Gold Property in which the Company holds a 75% interest through the South Timmins Mining joint venture ("South Timmins") with Fancamp Exploration Ltd. (see news release dated March 15, 2023). South Timmins holds a 100% interest in the Shining Tree Gold Property which borders Aris Gold's Juby Property as well as a 100% interest in the Heenan Mallard Gold Project which borders IAMGOLD's Côté Gold Project.

At Shining Tree, the joint venture is working to identify new gold targets in several highly prospective and underexplored areas of the 225 km ² land package including along the Ridout-Tyrrell Deformation Zone (RTDZ) while continuing more focused exploration efforts in the central area of the project to support additional drilling at the Herrick deposit, Caswell prospect, and historic Ronda Mine (see attached map).

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, 16,130,000 units of the Corporation (the "Units") at a price of C$0.62 per Unit (the "Offering Price") for gross proceeds of C$10,000,600 (the "Underwritten Offering").

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FPX Nickel Announces Expansion to Generative Alliance with JOGMEC

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce an expansion of the Company's Global Generative Alliance (the " Generative Alliance ") program with Japan Organization for Metals and Energy Security (" JOGMEC "). Building on Year One progress and positive momentum achieved to-date, FPX and JOGMEC have agreed to an expanded Year Two budget. The program will remain focused on the global identification and acquisition of high-quality awaruite nickel properties similar in geological character to the Company's flagship Baptiste Nickel Project (" Baptiste ") in central British Columbia.

Highlights

Global Generative Alliance budget increased from initially planned $650,000 to $1,500,000 for Year Two
Through ongoing evaluations in five international and three Canadian jurisdictions, the Generative Alliance program remains on track to define Designated Projects to be joint ventured by FPX and JOGMEC starting in Year Two
The Generative Alliance program has staked approximately 120 km ² of prospective ground in British Columbia

"We are pleased with our progress during Year One of our Generative Alliance with JOGMEC and look forward to increasing momentum through a significantly expanded Year Two budget," commented Andrew Osterloh , FPX's Senior Vice-President of Projects and Operations. "Our shared vision of realizing new globally significant awaruite nickel deposits remains resolute, and with ongoing evaluations in multiple Canadian and International jurisdictions, we are on track to achieve our shared objective of defining Designated Projects starting in Year Two."

A JOGMEC representative commented: "JOGMEC has decided to increase funding for Year Two activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon, source of nickel for the electric vehicle battery supply chain toward the realization of a carbon-neutral society."

In April 2023 , FPX and JOGMEC initiated a Generative Alliance to carry out mineral exploration activities for the identification and acquisition of high-quality awaruite nickel targets on a worldwide basis. Under the terms of the agreement, JOGMEC funded 100% of the $650,000 budget in Year One (covering the year ended March 31, 2024 ) and will fund 100% of the first $650,000 budgeted for Year Two (for the year ended March 31, 2025 ).

Building on Year One progress and the positive results of work completed to-date, FPX and JOGMEC have agreed to expand the Year Two budget to a total of $1,500,000 . Under the terms of the agreement for Year Two, after JOGMEC has funded a cumulative total of $1,300,000 , the parties will fund ensuing exploration activities on pro-rata basis (FPX 40% and JOGMEC 60%).

Subject to agreement between FPX and JOGMEC, one or more specific targets identified by the Generative Alliance may be advanced to a second phase to be further developed as a separate designated project (" Designated Project "). Each Designated Project will have its own work program and budget with the objective, of testing and further developing the identified targets. For each Designated Project, JOGMEC and FPX will respectively fund 60% and 40% for approved work programs.

During Year One of the Generative Alliance, FPX's exploration team conducted evaluations and/or sampling programs in five international and three Canadian jurisdictions. With multiple evaluations ongoing, and further prospective opportunities identified, the program is on track to identify Designated Projects in its second year.

Representing the first ground staked under the Generative Alliance, the Company is pleased to announce the acquisition of approximately 120 km ² of new mineral claims in British Columbia. This staking was based on historic sampling by FPX coupled with updated geological interpretation based on FPX's learnings at Baptiste.

The Company is currently strategizing on additional mineral tenure acquisitions within British Columbia , elsewhere in Canada , and in multiple international jurisdictions across multiple continents; one or more of such land packages may ultimately be selected as a Designated Project under the terms of the Generative Alliance. As and when Designated Projects are confirmed, FPX will provide additional disclosure regarding the location and planned work programs for such Projects.

Keith Patterson , P.Geo., FPX's Vice President, Generative Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About the Decar Nickel District

The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni ₃ Fe) hosted in an ultramafic/ophiolite complex. The Baptiste mineral claims cover an area of 245 km ² west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste Deposit is located within the Baptiste Creek watershed, on the traditional and unceded territories of the Tl'azt'en Nation and Binche Whut'en, and within several Tl'azt'enne and Binche Whut'enne keyohs. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

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Northern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto

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After the November 25, 2020, denial of the permit application for the Pebble Project, a separate division of the USACE remanded the denial decision back to the USACE Alaska District on April 25, 2023, after an administrative review found numerous errors with the denial decision. Today, after several requests for extensions, the USACE has announced that it has declined to engage in the remand process altogether. The USACE reasoning is due to the EPA veto, which effectively prevents them from altering their decision while that veto is in place. On March 15, 2024, we announced we were filing an appeal of the EPA veto in Federal District Court in Alaska, and the State of Alaska filed its action against the veto on April 11, 2024.

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Platinex Provides Update on Exploration Activities at Its Shining Tree Gold Project

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