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Platino Energy Corp. Announces Year End 2013 Financial Results

CALGARY, ALBERTA -- (Marketwired) -- 03/13/14 -- Platino Energy Corp. ("Platino" or the "Company") (TSX VENTURE:PZE) announces the release of its audited consolidated financial results for the year and quarter ended December 31, 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 YEAR END 2013 FINANCIAL RESULTS                                     
                                                                            
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SELECTED FINANCIAL INFORMATION                                              
                                                                            
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(US$000s, except shares and data per share)       Year Ended     Year Ended 
                                                December 31,   December 31, 
                                                        2013           2012 
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Net gain / (loss)                                    (14,995)        (1,320)
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Basic and diluted net gain / (loss) per share  $       (0.22) $       (0.02)
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Weighted average shares outstanding                                         
- Basic and Diluted                               68,343,397     67,942,164 
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Expenditures on E&E Assets                            18,340         10,384 
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                                                 December 31,   December 31,
                                                         2013           2012
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Cash and equivalents, and short term                                        
 investments                                           54,659         89,518
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Working capital surplus                                53,564         79,268
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Long-term debt                                              -              -
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Total assets                                          112,302        141,574
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Common shares                                      69,492,164     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.

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

Contacts:
Platino Energy Corp.
Bogota
Tomas Villamil
President & Chief Executive Officer
+57(1) 235-0007

Platino Energy Corp.
Calgary
Tyler Rimbey
Vice President, Business Development
+1(403) 262-6046

Platino Energy Corp.
Andres Cuenca L
Controller & Interim CFO
+57(1) 235-0007

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