GAMELOFT LICENSES CLASSIC“COWBOYS&ALIENS” FROM PLATINUM STUDIOS

LOS ANGELES, May 9, 2011 – Platinum Studios, Inc. (OTCBB: PDOS), an entertainment company that controls an international library of more than 5,000 comic book characters which it adapts, produces and licenses for all forms of media, has licensed its top-selling“Cowboys&Aliens” graphic novel to Gameloft, a leading global publisher of digital and social games, to produce the video game. Launching in July 2011, coinciding with the release of the new film by Paramount Pictures, the game will allow players to relive their favorite graphic novel adventure and fight against the alien invasion to protect the human race.

“Cowboys&Aliens” tells the story of an alien invasion in the Old West in the late 19 th century. The graphic novel was created by Platinum Studios, Inc. Chairman and CEO Scott Mitchell Rosenberg and was first published in December 2006, when it became the largest ordered graphic novel of the year.

“We are confident‘Cowboys&Aliens’ will translate into a great mobile game that not only stays true to the graphic novel, but brings a new experience to a classic license,” said Karine Kaiser, vice president Marketing&Licensing of Gameloft.“Gamers and fans alike will be thrilled.”

“Gameloft understood the opportunity of uniting the Cowboys and Indians to fight against the alien invasion and the cool gadgetry and combat play that it represents,” said Platinum’s Rosenberg.“I can’t wait to play this game on my phone!”

A feature film version of“Cowboys&Aliens,” starring Daniel Craig, Harrison Ford and Olivia Wilde, directed by Jon Favreau (“Iron Man” and“Iron Man 2”), executive produced by Steven Spielberg and produced by Brian Grazer, Ron Howard, Alex Kurtzman, Roberto Orci and Rosenberg, will be released in North America on July 29, 2011 via DreamWorks and Universal Pictures with Paramount Pictures handling the international release of the picture.

About Platinum Studios, Inc.

Platinum Studios (OTCBB: PDOS) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile / wireless, gaming, and merchandising.

Platinum Studios - Comics Fueling Media EVERYWHERE!

To learn more about the company, please visit our website:

http://www.platinumstudios.com

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About Gameloft

A leading global publisher of digital and social games, Gameloft® has established itself as one of the top innovators in its field since 2000. Gameloft creates games for all digital platforms, including mobile phones, smartphones and tablets (including Apple® iOS and Android® devices), set top box, connected TVs and consoles. Gameloft partners with leading international brands such as UNO®, Spider-Man®, James Cameron’s Avatar™, Ferrari® and Sonic Unleashed®. Gameloft also operates its own established franchises, such as Real Football, Asphalt™, Modern Combat 2: Black Pegasus and N.O.V.A Near Orbit Vanguard Alliance®. Gameloft is present in all continents, distributes its games in 100 countries and employs over 4,000 developers.

Gameloft is listed on the Paris Stock Exchange (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA).

Platinum Studios Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC.

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Contact:

Randy Greenberg

The Greenberg Group for Platinum Studios, Inc.

(310) 807-8100

info@platinumstudios.com

Contact:

Aude Fouquier

European Communication Director

Tel +33 1 58 16 20 40

Mail: aude.fouquier@gameloft.com 


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