Platino Swaps Putumayo Working Interest for Royalty

CALGARY, ALBERTA--(Marketwired - March 6, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Platino Energy Corp. (TSX VENTURE:PZE) ("Platino" or the "Company") is pleased to announce that it has entered into an agreement with Vetra Exploracion y Produccion Colombia S.A.S ("Vetra"), on the Put-8 block.

Subject to approval by Colombia's National Hydrocarbon Agency ("ANH"), Platino will assign it's 50% working interest in the Put-8 block to Vetra in return for a 7% Gross Over Riding Royalty ("GORR"). The 7% GORR would be calculated on 100% of the block's production post deduction of any government royalties.

In addition, this agreement is subject to other customary closing conditions which would have to be met by July 31, 2015.

About Platino

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

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking information and statements within the meaning of applicable Canadian securities laws (collectively, "forward looking information"). The use of any of the words "expect", "anticipate", "may", "will", "intends" and similar expressions are intended to identify forward-looking information. In particular, but without limiting the foregoing, this news release contains forward-looking information pertaining to the following: (i) the completion of the transaction; (ii) the potential for oil and gas production from the Put-8 block; (iii) the approval of the transaction by the ANH and the completion of various closing conditions set in the agreement by July 31, 2015; and (iv) other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance.