SOURCE: Platina Energy Group, Inc.

June 30, 2008 16:05 ET

Platina Energy Group Reports Significant Field Production Increase

DALLAS, TX--(Marketwire - June 30, 2008) - Platina Energy Group, Inc. (OTCBB: PLTG), (FRANKFURT: O5Y) reports daily natural gas production increase of 200mcf for the week ending June 29, 2008. Estimated net oil production for the same week was 100-200 barrels.

According to Blair Merriam, President of Platina, "These are not static production numbers as they can vary depending on many factors. In response to a rash of phone calls asking about our production, we decided to provide a snapshot for last week's activity, which we will report on from time to time. As we receive revenue checks and post revenues from these recent activities, I'm hoping the daily calls about production will settle down as I cannot provide information to one shareholder and not to all."

The Company is in the process of connecting additional wells from other recent activity in addition to adding oil collection tanks known as tank batteries to common field areas for storage and pick up.

About Platina Energy Group

Platina Energy is a fast growing E&P 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.


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.

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