Platino Energy Corp. Announces Second Quarter Financial Results

Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE:PZE) is pleased
to announce the release of its unaudited consolidated financial results for the
quarter ended June 30, 2013, together with its management's discussion and
analysis, both of which will be made available on the Company's website at
www.platinoenergy.com and SEDAR at www.sedar.com. 




SUMMARY SECOND QUARTER FINANCIAL RESULTS                                    
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SELECTED FINANCIAL INFORMATION                                              
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(US$000s, except shares and data per  Three Months Ended   Six Months Ended 
 share)                                    June 30, 2013      June 30, 2013 
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Net Loss                                          (2,141)            (3,374)
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Basic and diluted net loss per share   $           (0.03) $           (0.05)
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Weighted average shares outstanding -                                       
 Basic and Diluted                            68,389,417         68,167,026 
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Expenditures on E&E Assets                         5,260              7,251 
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As at,                                     June 30, 2013  December 31, 2012 
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Cash and equivalents, and short term                                        
 investments                                      74,700             89,518 
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Working capital surplus                           70,584             79,268 
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Long-term debt                                         -                  - 
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Total assets                                     135,303            141,574 
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Common shares                                 68,492,164         67,942,164 
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About Platino Energy

Platino is a Calgary, Alberta headquartered resource company engaged in the
exploration for, and the acquisition, development and production of hydrocarbons
in Colombia. 


Advisory Regarding Forward-Looking Information 

This news release contains "forward-looking information" within the meaning of
applicable securities laws. The use of any of the words "will", "intends" and
similar expressions is intended to identify forward-looking information
concerning the Company's future operations and performance.


The forward-looking information in this news release is based on certain key
expectations and assumptions made by Platino. Although Platino believes that the
expectations and assumptions on which such forward-looking information is based
are reasonable, undue reliance should not be placed on the forward-looking
information because Platino can give no assurance that it will prove to be
correct. The forward-looking information in this news release is subject to
known and unknown risks and uncertainties and other factors which may cause
actual results to differ materially from those expressed or implied in the
forward-looking information. Such risks, uncertainties and factors include,
among others: the inability to secure necessary regulatory or other third party
approvals; the early stage of development of Platino and its assets and the
nature of the exploration and development activities on such assets;
difficulties encountered during the exploration for, delineation, development
and production of oil. As a result of the foregoing, readers should not place
undue reliance on the forward-looking information contained in this news
release. Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information on these and other factors that could affect
the operations or financial results of Platino are included in the Listing
Application (Form 2B) of Platino filed with the TSX-V, which has been filed with
applicable securities regulatory authorities and may be accessed through the
SEDAR website www.sedar.com.


The forward-looking information contained in this news release is made as of the
date hereof and Platino undertakes no obligation to update publicly or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Platino Energy Corp. - Bogota
Tomas Villamil
President & Chief Executive Officer
[phone]


Platino Energy Corp. - Bogota
Andres Modarelli
Vice President of Finance & interim CFO
[phone]


Platino Energy Corp. - Calgary
Tyler Rimbey
Vice President, Business Development
[phone]
www.platinoenergy.com