DALLAS, TX--(MARKET WIRE)--Aug 21, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News) (Frankfurt:O5Y.F - News) reports the delivery of a 2,500 mcf/day compressor to the Kentucky Field. Prior to this, Platina had been limited to approximately 500 mcf/day of natural gas from the field.

"The advent of the new compressor will dramatically increase product capacity from this field. We're now in the process of working full steam to add to the existing production and upgrade the initial completions of the new wells to take advantage of the increased compressor capacity," stated Blair Merriam, President of Platina.

Management is hosting an interactive webinar on August 27th at 4:30pm NY time to discuss production progress and show current field activity with live footage & photos. Platina is now adding production to the Kentucky pipelines concomitantly to the recent funding advance from the existing Trafalgar credit facility.

Please log on to www.PlatinaGroup.com to register for the Wednesday, August 27th 4:30pm, NY Time Webinar.

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.

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