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Platina Energy Group Reports Young County Production

Dallas, Texas - Thursday, November 6, 2008 - 9AM (EST)

Platina Energy Group, Inc. (Symbol OTCBB: PLTG) (Symbol Frankfurt: O5Y.F) reports 200 barrels of high-grade oil in two weeks from Young County. The Company has repaired the electrical and mechanical field problems over the past few weeks and now has seven operational wells that have out performed initial estimates.

Blair Merriam, President of Platina stated, “We had hoped to have 7-10 barrels per day of production from this field and within the first two weeks of reconnections we already have 200 barrels. That’s almost double what we had estimated. Now that we are back on track with the field, we hope to drill additional wells as finances allow.”

Field progress in Young County is now operating commensurately with Tennessee and Kentucky along with Oklahoma and Wyoming. Production continues to out pace the decline in oil and gas prices though recent market activity is reflecting seasonal demands due to cold weather.

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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