Junior Mining.Exploring or Litigating, Platinex CEO and Directors Still Well Paid

a) During the year ended December 31, 2007, the Company paid $120,000
in management fees ($75,000 - 2006)
and reimbursed rent and utility costs of $12,000 ($12,000 - 2006) paid
to a partnership owned by James R.
Trusler, who is director and also acts as the President and CEO of the
Company. Of the management fees,
$72,600 was allocated to exploration (engineering services) on the Big
Trout Lake property ($39,000 - 2006) and
of the rent, $5,100 was allocated to exploration on the Big Trout Lake
property ($2,400 – 2006). James R. Trusler,
President and CEO and director of the Company is a principal partner of
J R Trusler & Associates.
b) During the year ended December 31, 2007, the Company paid $32,000 in
management fees ($51,945 – 2006)
paid to a company which is owned by Simon Baker, who is director and
also acts as the Vice-President of the
Company. Of the management fees, $15,500 was allocated to exploration
expenditures on the Big Trout Lake
property ($50,750 – 2006). Simon Baker, Vice-President Corporate
Development and director of the Company is
the president and principal owner of Telacorp Inc.
c) During the year ended December 31, 2007, the Company incurred
consulting fees of $128,222 ($30,000 - 2006)
paid to a legal firm where one of the firm's partners is a director of
the Company. Of the legal fees $102,449 was
allocated to exploration expenditures on the Big Trout Lake property
($30,000 – 2006). During the year ended
December 31, 2007 a partner of the legal firm, who is a director of the
Company, received 250,000 shares in
consideration for outstanding debt by the corporation of $50,000 ($0 –
2006).