DALLAS, TX--(MARKET WIRE)--Sep 4, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News) (Frankfurt:O5Y.F - News) is pleased to report the acquisition of an additional 1,000 oil and gas lease acres in Laurel County, Kentucky over the last 60 days. This represents more than a 50% increase from the previous 1,700 acres that Platina has already drilled 10 successful wells on. This gives the Company approximately 70 potential well locations in the targeted developmental area.

Blair Merriam, President, stated, "We've already drilled ten good wells. Four of those are fully completed and producing oil and gas daily. As reported, we have had to postpone full completion of several wells because of excessive down-hole pressures. We elected to produce from open bore holes initially without tubing/rods and pump jacks until pressure reduced sufficiently to allow for proper completion. With any luck, we hope to have the balance of these wells on line by next month. For now, we're making progress daily toward this milestone."

About Platina Energy Group

Platina Energy is a fast growing E&P 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 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.

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     Platina Energy Group
     Blair Merriam
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     http://www.PlatinaEnergyGroup.com