Platino Energy Corp. Announces Third Quarter Financial Results

Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE:PZE) announces
the release of its unaudited consolidated financial results for the quarter
ended September 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 OF THE THIRD QUARTER FINANCIAL RESULTS



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SELECTED FINANCIAL INFORMATION                                              
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                                                Three Months    Nine Months 
                                                       Ended          Ended 
                                               September 30,  September 30, 
(US$000s, except shares and data per share)             2013           2013 
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Net Loss                                                (703)        (4,091)
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Basic and diluted net loss per share                  ($0.01)        ($0.06)
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Weighted average shares outstanding - Basic                                 
 and Diluted                                      68,278,611     68,492,164 
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Expenditures on E&E Assets                            10,252         17,505 
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                                                September 30,   December 31,
As at,                                                   2013           2012
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Cash and equivalents, and short term                                        
 investments                                           67,944         89,518
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Working capital surplus                                59,512         79,268
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Long-term debt                                              -              -
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Total assets                                          138,798        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 the word "will" and similar expressions
is intended to identify forward-looking information concerning the Company's
future operations. 


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: internet service disruption. 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 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 Cuenca L.
Controller & interim Chief Financial Officer
[phone]


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