Total Depth Reached in Tennessee – Good Show of Natural Gas Prior to Completion

CHEYENNE, Wyo., Oct. 4 /PRNewswire-FirstCall/ — Platina Energy Group, Inc. (BULLETIN BOARD: PLTG) , (Frankfurt: O5Y.F) reports that the first well for Platina’s wholly owned subsidiary, Appalachian Energy, hit total depth and has had good evidence of natural gas to the surface as forecasted according to Steve Eversole, President of Appalachian Energy.

Steve commented, “as we approached Total Depth, we encountered a very hard cherty formation which created a challenge in the last part of drilling but we were able to successfully penetrate the strata and reach TD as planned. We are evaluating the best method for economic completion of the well. During our last phase of drilling, natural gas was evident and natural gas continues to come to the surface from the uncompleted well. This is very exciting, considering the fact that wells in this formation typically do not have this amount of gas to the surface prior to completion .”

The Company is considering a combination of a hydrojet/nitrogen frac completion at this time. Third party experts are being consulted to ascertain the optimal completion technique and scheduling. According to Blair Merriam, President and CEO of Platina, “we are on time and on budget but we want to exercise caution in the completion process so that we do not damage the formation and thus optimize well productivity.

About Platina Energy Group

Platina Energy is a fast growing E & P Company. Since its organization in 2005, it has successfully acquired proven producing and proven non-producing reserves estimated to be worth in excess of $300,000,000.00 according to third party reports. The Company owns rights to German inspired, oil extraction technology currently in the R & D phase. Additionally, the Company owns exploratory lease acreage in the Palo Duro Basin for which a portion is currently being evaluated.

   Contact Information:   Platina Energy Group   Blair Merriam   InvestorRelations@platinagroup.com   http://www.platinaenergygroup.com/    SEC DISCLAIMER  

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

The actual presence or recoverability of reserves for optimal and timely recovery, well costs or schedules or other matters cannot be promised. This release contains “Safe Harbor” provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties, which could cause actual results to differ materially from those estimated herein.

Platina Energy believes the forward-looking statements are based on current reasonable assumptions but can give no assurance that results will be achieved. Unpredictable & unanticipated risks, trends and, the potential

inability to achieve profits or have cash flow; access to financing; and other must be understood.

Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

As with all oilfield leases, certain terms and stipulations require obligations of the lessee including developmental milestones or there may be the risk of loss of future leasehold rights and underlying assets.

Platina Energy Group, Inc.

CONTACT: Blair Merriam of Platina Energy Group, Inc.,InvestorRelations@platinagroup.com, +1-303-881-2604

Web site: http://www.platinaenergygroup.com/