Platino Energy Corp. to Complete CFO Transition

Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE:PZE) plans to
complete the transition of the responsibilities of the Chief Financial Officer
of the Company from Ken Hillier to Andres Modarelli, current VP Finance of
Platino and former VP Finance of C&C Energia Ltd. ("C&C"), effective March 15,
2013. On that date Mr. Modarelli will begin serving as CFO of the Company on an
interim basis. Messrs. Hillier and Modarelli worked closely together over the
past two months to ensure a smooth transition and successful launch of the
Company's operations. Platino will announce its plans for a permanent CFO once
the Board has completed its review and selection process. 


Mr. Carl Tricoli, Chairman of the Company, thanks Mr. Hillier for his
contribution to Platino (which was formed in connection with the acquisition of
C&C by Pacific Rubiales Energy Corp.). Mr. Tricoli said "Ken was a key member of
the Executive Team that led the growth and ultimate sale of C&C, providing
strong financial leadership through the C&C and Pacific Rubiales transaction and
the ultimate formation of Platino. We want to sincerely thank Ken for his
efforts and wish him the best in his future plans."


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 expected retirement of the current Chief Financial Officer,
appointment of an interim Chief Financial Officer and appointment of a permanent
Chief Financial Officer. 


The forward-looking information in this news release is based on certain key
expectations and assumptions made by Platino, including assumptions as to: the
submission, in a timely manner, of regulatory and third party applications; the
receipt in a timely manner, of regulatory and third party approvals; the timing
and progress of work relating to Platino's assets; Platino's geological and
engineering estimates; future production levels; the regulatory framework with
respect to royalties, taxes, environmental matters, resource recovery and
securities matters in the jurisdiction in which Platino will conduct its
business; the geography of the areas in which Platino will conduct exploration
and development activities; the sufficiency of budgeted capital expenditures in
carrying out planned activities; the accuracy of testing results and seismic
data; and the accuracy of resource estimates and the general continuance of
current or, where applicable, assumed operational, regulatory and industry
condition. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Platino Energy Corp.
Tyler Rimbey
Vice President, Business Development
403-262-6046