Platform announces closing of property disposition



    /NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

    CALGARY, March 19 /CNW/ - Platform Resources Inc. (TSXV: PFM) announces
that it has closed the previously announced agreement with an affiliate of a
TSX listed company for the disposition of certain properties in S.E.
Saskatchewan, including those in Crystal Hill and Macoun (the "Properties").
In the aggregate, the Properties comprise about 200 bbl/d of production net to
Platform. Aggregate consideration for the Properties was $8.05 million in
cash.

    Company website: www.platformresources.com

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    Not for dissemination in the United States of America. This news release
shall not constitute an offer to sell or the solicitation of any offer to buy
securities of Platform in any jurisdiction, including the United States. The
common shares of Platform have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and have not been and will not be offered or sold
in the United States or to any U.S. person except in certain transactions
exempt from the registration requirements of the U.S. Securities Act and
applicable state securities laws.

    %SEDAR: 00020297E




For further information:

For further information: Platform Resources Inc., Suite 2800, 350 - 7th
Avenue S.W., Calgary, Alberta, T2P 3N9; Shabir Premji, President & CFO, T:
(403) 232-3341, F: (403) 263-6702, spremji@platformresources.com; Michael Lee,
Chief Operating Officer, T: (403) 232-3371, F: (403) 263-6702,
mlee@platformresources.com

Organization Profile

PLATFORM RESOURCES INC.

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