PZE

Platino Energy Corp. ("Platino" or the "Company")(TSX VENTURE:PZE) is pleased to
announce that it has confirmed arrangements with members of its senior
management team to lead Platino as it commences operations as an independent oil
exploration company operating in Colombia. 


Tomas Villamil, a director of the Company and consultant to management, and
formerly the Executive Vice President, Exploration of C&C Energia Ltd. ("C&C"),
will be appointed as President and Chief Executive Officer of the Company. He
will assume the position following the retirement of Randy McLeod, currently the
President and Chief Executive Officer of Platino and the former President and
Chief Executive Officer of C&C, at the end of February 2013.


Mr. McLeod has advised the board of directors of the Company that he will
continue to serve in his current role to assist Platino as it commences
operations and establishes itself as a public reporting company. Messrs. McLeod
and Villamil will work closely together over the next six weeks to ensure a
smooth transition and successful launch of the Company's operations.


Kenneth Hillier, the Chief Financial Officer of Platino (and the former Chief
Financial Officer of C&C) has informed the board of directors of the Company of
his decision to retire from the Company. Mr. Hillier will remain with Platino
for approximately three to four months to ensure a smooth and orderly
transition. The Company's board of directors intends to commence a search for a
successor to Mr. Hillier.


Cesar Vasquez, formerly an exploration consultant with C&C, has been appointed
as the Vice President, Exploration of the Company. Tyler Rimbey, formerly the
Vice President, Business Development of the C&C, will serve in the equivalent
position with Platino. All executive appointments are subject to acceptance by
the TSX Venture Exchange (the "TSX-V").


Carl J. Tricoli, a director of the Company and formerly the Chairman of the
Board of C&C, has been appointed by the board of directors of the Company as
Chairman of the Company. Mr. Tricoli said "Tomas is the perfect leader for the
Platino team as it returns to its exploration roots. We also want to thank Randy
for growing C&C into the successful operation it is today, as well as for his
help during the transition."


Platino also announces that pursuant to the provisions of its stock option plan,
it has granted an aggregate of 3,402,000 options to directors, officers,
employees and consultants. The options have an exercise price of $1.33 per
share. The options granted vest as to one third on the first anniversary of the
date of grant, one third on the second anniversary of the date of grant and the
balance on the third anniversary of the date of grant. The options will expire
on January 10, 2018. All stock option grants of Platino are subject to the
receipt of the necessary regulatory approvals.


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 President and Chief Executive
Officer and Chief Financial Officer and appointment of a new President and Chief
Executive Officer and Chief Financial Officer, the future prospects of the
Company, the transition process for the Company and the potential for a
successful launch of the Company's operations.


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


Platino Energy Corp.
Ken Hillier
Chief Financial Officer
403-262-6046

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