SOURCE: Platina Energy Group, Inc.

April 24, 2008 03:00 ET

Platina Energy Group Reports Oklahoma Production for Beginning of April

CHEYENNE, WY--(Marketwire - April 24, 2008) - Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) reports oil production of 7-13 barrels per day from the combined output of O'Daniel, Rick #1 and Stout wells in Oklahoma. Bowie Energy, a subsidiary of Platina Energy Group, is the local business representative for the prospect.

Bill Hopper, our local field representative has reported that we will be deploying the first Thermal Pulse Unit (TPU), on one of the existing wells on Garvin County field for testing. If successful, we will be adding additional TPU's to other wells that should increase current production significantly by reduction of paraffin and reduction of viscosity. This field currently has additional wellbores available for rework opportunities that are very promising for using the TPU technology.

"Albeit that this is one of our smaller field opportunities, we are very positive about the potential of further validating reserves through the deployment of the TPU," stated Blair Merriam, President of Platina Energy.

About Platina Energy Group

Platina Energy (www.PlatinaEnergyGroup.com) is an environmentally responsible, fast growing E&P strategic reserve Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to German inspired oil extraction technology. The Company continues to be aggressive in acquiring new and existing producing fields.

RISK/SEC DISCLAIMER

Information contained herein contains forward-looking statements; not guarantees of future success.

The presence or recoverability for optimal/timely reserves, costs, scheduling, etc., cannot be promised. This release contains "Safe Harbor" provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties that could cause actual results to differ materially from those estimated herein.

Platina Energy believes the forward-looking statements to be based on reasonable assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; access to financing; and other risks must be understood.

Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Issuances of shares for acquisitions, settlements or services may dilute future earnings.

Oilfield leases contain certain terms and stipulations, often developmental or financial that may require performance by the lessee. This could result in loss of future rights and underlying assets.

Contact Information