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Platina Energy Group Strikes Oil Again in Kentucky

DALLAS, TX, Aug 19, 2008 -- Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) reports the seventh successful new well activity on its Kentucky Field. Platina has maintained a remarkable record for productive oil and natural gas wells in Kentucky beyond its initial expectations.

The Company continues to develop this field with diligence and will be adding additional production through completion strategies to further enhance product flow of both oil and gas from each well. Platina further expects to drill additional wells over the next few months as offsets to these proven producing sites.

"We are finally realizing significant product into the pipeline and to the refineries on a regular basis from these field activities that will be in our next quarterly filing. The Company also expects to grow its current production by at least 50-100% over the next 45-60 days," stated Blair Merriam, President of Platina.

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About Platina Energy Group

Platina Energy 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 developing and 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:
Platina Energy Group
Blair Merriam
Email InvestorRelations@PlatinaGroup.com
Contact www.PlatinaEnergyGroup.com