On September 8, 2008 Platina Energy Group, Inc. (the "Company") entered into a Consulting Agreement (the "Agreement") with Value Relations GmbH , a Federal Republic of Germany company ("VR"). Pursuant to the Agreement, VR has agreed to act as the Company's strategic investor relations' consultant in Germany, Austria and Switzerland ("the Consulting Services"). The Agreement is for a term from September 8, 2008 to August 31, 2009. As compensation for its Consulting Services, VR is to receive (i) 15,000 EUR payable in quarterly payments of 5,000 EUR commencing December 1, 2008 (ii) 5,000 shares of Series D Preferred Stock and (iii) stock options for two years for 1,000,000 shares of common stock at US $0.25 per share and 1,000,000 shares of common stock at US $0.50 per share.

The information included in Item 1.01 of this Current Report on Form 8-K is also incorporated by reference into this Item 3.02 of this Current Report on Form 8-K.

As consideration for the Agreement with VR to provide investor relations service to the Company described in Item 1.01 above, we are issuing (i) 5,000 shares of Series D Preferred Stock and (ii) stock options for two years for 1,000,000 shares of common stock at US $0.25 per share and 1,000,000 shares of common stock at US $0.50 per share. We believe that the issuance of the shares will be exempt from the registration and prospectus delivery requirements of the Securities Act of 1933 since the recipient is a non US resident.