Platina Energy Group Reports This Weeks
Production Estimate for Kentucky
Dallas, Texas – Wednesday, July 23, 2008, 4:05pm EST

Platina Energy Group, Inc. (Symbol OTCBB: PLTG), (Symbol Frankfurt: O5Y.F) reports this week’s production estimate at 550 BOE for Kentucky.  This includes 180 barrels of existing oil plus estimated field production for natural gas.  At present pricing, roughly $75,000 for the week! 

Blair Merriam, President stated, “Assuming no growth, with level production, the annualized income, basis the current common shares issued and outstanding, is almost 3.5 cents per share.  Considering there is additional production from other fields, and new product is being added in Kentucky weekly, our revenue over the next twelve months could easily challenge our current stock price.”

Growth in Kentucky is significant for Platina.  Probable production estimates could easily double or triple current rates over the near term.  The Company toured investors over the recent days who were more than impressed with all of the developmental achievements and have promised to post their independent video recordings onto YouTube in the near future.

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.

Contact Information:

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 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.