Communicators

Platina Energy Group Announces Reorganization

Corpus Christi, Texas December 3, 2008

Platina Energy Group, Inc. (Symbol OTCBB: PLTG) (Symbol Frankfurt: O5Y.F) announces filing for reorganization. The Company believes this course of action under the auspices of Chapter 11, will provide for the creation of a comprehensive creditor plan.

The Company plans to work with its creditors under acceptable terms to serve the highest and best purposes for all involved. Stock market deterioration along with a sharp drop in commodity pricing has created the need for such a strategic plan.

According to Blair Merriam, President of Platina, “I am convinced that we have considerable reserve assets and that a decisive plan will allow for the profitable recovery of underlying hydrocarbons in our key fields.”

The Company produces hydrocarbons on several fields, but not in sufficient quantities to service its obligations. Management anticipates to emerge from Chapter 11 promptly.

About Platina Energy Group

Platina Energy is a nimble E&P Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to possible/probable reserves. It also owns rights to German Inspired extraction technologies. Although there are always considerations relative to sustainability of production development and profitability, engineering reports suggest strong hydrocarbon reserves.

Contact Information:

Platina Energy Group
Blair Merriam
InvestorRelations@PlatinaGroup.com
www.PlatinaEnergyGroup.com

RISK/SEC DISCLAIMER
Information contained herein contains forward-looking statements; not guarantees of future success.

The presence/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, which may cause actual results to differ materially from those stated herein.

Platina Energy believes the forward-looking statements to be based on possible assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; limited access to financing; significant accounts payable debts; debt defaults and non-current trade payables & other risks exist.

Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent or current events. Issuances of shares for acquisitions, settlements, fund raising or services will cause dilution.

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



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