Platino Energy Corp. plans to complete the transition of the responsibilities of the Chief Financial Officer of the Company from Ken Hillier to Andrés 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."

Tags: Platino Energy Corp.