Pluris Energy Provides 2007 Year-End Review

VANCOUVER, BC, Jan 15 (MARKET WIRE) --
Pluris Energy Group Inc. (OTCBB: PEYG) (the "Company" or "Pluris Energy") is
pleased to provide its shareholders with a year-end review of its 2007
operations.

Pluris Energy Chairman and CEO, Sacha H. Spindler, begins by stating,
"2007was an extremely busy and productive year with many milestones and
accomplishments for the Company and our valued shareholders. 2007
commencedwith the Company having successfully initiated its South American
business
development mandate by securing the successful bid to purchase 100% of the
shares of San Enrique Petrolera, SA, which was announced by the Company in
late 2006. This significant milestone quickly established Pluris Energy in
South America, and our ongoing commitment to complete the San Enrique
acquisition
has proven and galvanized the Company's commitment to the region.
Furthermore, this first entry success provided the foundation for our
continued evolution in Argentina by further realizing the fulfillment of our
South
American business development mandate during 2007 with the subsequent
announcement of the major acquisition agreement with Clear SRL, for the
proposed purchase of their Cerro Negro concession. As a continuation of
these previous successes, Pluris Energy has secured its third strategic
acquisition opportunity under an exclusive Acquisition Agreement."

New Strategic Acquisition

Pluris Energy is pleased to announce that at the end of December 2007, the
Company entered into an exclusive acquisition agreement to acquire 100% of
the shares of a well established Buenos Aires, Argentina based oil
development and production company as a wholly owned operating subsidiary to
Pluris
Energy. The acquisition positions the Company upon closing with production and
significant leasehold assets of potentially over 135,000 net acres primarily
located in the Neuquen Basin, Rio Negro Province, Argentina. The concessions are
adjacent to and on trend with well-known oil fields which have produced over
20 million barrels of oil to date.

Mr. Spindler continued, stating, "We are extremely pleased to have
structured
terms of an acquisition agreement to purchase 100% of the shares of yet another
Argentine based oil production company. This is a highly instrumental deal for
Pluris insofar as positioning the Company and its shareholders with a
significant high impact portfolio of assets in the prolific Neuquen Basin.
The assets include existing infrastructure proximal to production, extensive 3D
and 2D seismic data, field offices and oil treatment facilities capable of
handling capacities of several thousands of barrels of oil per day. The
acquisition is subject to Pluris Energy performing in depth due diligence over
the assets and the company, which will include detailed third party engineering
and geophysical evaluation of available 3D and 2D seismic data, all well
data, as well as negotiating and executing a mutually acceptable share
purchase agreement. We look forward to providing further details of the
acquisition to our shareholders immediately after closing."

Due Diligence Phase of Acquisition Opportunities

Pluris Energy is currently performing extensive due diligence over assets
comprised of well over 230,000 net acres of producing oil and gas concessions
in the highly prolific Neuquen and Golfo San Jorge Basins, Argentina. All of the
assets held within the concessions currently secured by Pluris Energy have
extensive geotechnical data available for the Company's detailed evaluation,
including significant 2D and 3D seismic data. Key seismic data is being
reprocessed and reinterpreted and is currently being analyzed and
incorporated into the interpretation as part of the Company's due diligence
review. In addition, the Company has retained the services of worldwide
top-tier engineering firm Gaffney Cline & Associates in Houston, Texas to
conduct an independent third party reserves report over the Golfo San Jorge and
Neuquen Basin concessions held under exclusive acquisition agreements as
described and previously reported.

Pluris Energy President and COO, Mr. S. Sam Sen, stated, "Key operational
and staff
growth drivers of the Company's results for calendar year 2007 include:
positioning the Company and its shareholders with non-competitively bid,
focused, negotiated acquisition opportunities with exclusivity, comprising of
an Argentine operating company as a wholly owned subsidiary and a substantial
and growing property portfolio of potential incoming Argentine producing assets
possessing infrastructure, extensive upside development and exploration
potential,
all situated in prolific basins of historic and recent, high impact success;
drillable development opportunities for years to come to increase existing
production
and to prove up additional reserves on the portfolio positions secured by the
Company and the building of a top-notch, on-the-ground team of South American
regional industry experts working with the Company as managers, consultants and
advisors."

Increasing Bench of Expertise

2007 saw significant developments in the extension of a broader bench of
South American based management, consulting and advisory expertise for the
Company. Pluris Energy retained Jose Bereskyj as its Senior Vice
President,Exploration and Development. Mr. Bereskyj offers over 31 years of
technicaland business experience in the international upstream business with
specific
expertise in all major Argentine geologic basins. Mr. Bereskyj has held
senior positions with YPF, Exxon, Occidental and Petrolera San Jorge (since
acquired by Chevron) and has been involved in the discoveries and
developments of fields at El Trapial, Argentina (410 million barrels oil), and
Sierra de Reyes, Loma Negra, la Yesera fields, (over 1 billion barrels of oil
equivalent) in the prolific Neuquen basin in Argentina. Additionally, Pluris
Energy
retained the services of Eduardo Davila as Senior Advisor to the Board of
Directors. Mr. Davila previously served as National Director of Resources
for the Under-secretary of Fuels, Secretary of Energy, Ministry of Economy and
Public Works, Argentina where he participated in the preparation of
Argentina's upstream environmental rules and new hydrocarbons laws and was an
instrumental contributor to the privatization of the oil and gas industry in
Argentina. Mr. Davila is taking an active role in the Company securing new
business development opportunities such as those being reported to our
shareholders
in this update and in previous announcements from the Company.

Mr. Spindler went on to say, "Pluris Energy has been very fortunate to align
the interests of highly qualified South American industry participants that
possess particular expertise in the Argentine energy sector. We anticipate
making future announcements regarding additional developments pursuant to the
management and advisory aspects of Pluris Energy's Argentine operational
build-out in preparations to complete our current acquisition opportunities.
In that regard, we are working toward comprising a South American Advisory Board
and retaining new additions to the management structure of the Company with
individuals who possess on-the-ground technical expertise specifically aligned
with developing assets in Pluris Energy's Argentine regions of interest."

Mr. Spindler concluded by stating, "Management of the Company was vigilant
throughout 2007 in maintaining a determined focus on debt reduction and
corporate restructuring in anticipation of its contemplated South American
business developments coming to fruition in 2008. The Company was able to
reduce approximately $700,000 of debt for the nine months ended September 30,
2007
and is now positioned to complete the wind-up of its US based operations,
whereby all of Pluris Energy's management efforts will now be entirely
focused towards the Company's South American business development mandate. In
that
regard, positioning Pluris with an extensive land portfolio in the Neuquen and
Golfo San Jorge Basins is in and of itself, significant growth opportunities
fully aligned with the Company's South American acquisition mandate."

About Pluris Energy

Pluris Energy Group Inc. is an international energy company engaged in the
acquisition and development of producing oil and gas interests in South
America. For further information, please visit the Company's website at
www.pluris.com.

This news release contains "forward-looking statements." Statements in this
press release, which are not purely historical, are forward-looking statements
and
include any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include, among others,
the
expectation and/or claim, as applicable, that: (i) the Company will complete
any of the proposed acquisitions of San Enrique Petrolera, SA, Clear SRL or the
Argentine oil and gas company referred to in this news release (the
"AcquisitionOpportunities"); (ii) the development potential of the concessions
attributable to
the Acquisition Opportunities secured by the Company are substantial; (iii)
the Argentine oil and gas company potentially possesses 3P (proven, possible &
probable) reserves of as much as 15 million barrels of oil equivalent and 15
billion cubic feet of natural gas; (iv) the Acquisition Opportunities
potentially possess 1P (proven producing) reserves of approximately 6.5 million
barrels of oil equivalent and 3P (proven, possible & probable) reserves of
approximately 43 million barrels of oil equivalent; (v) the Acquisition
Opportunities consist of multiple concessions of interest; (vi) the Acquisition
Opportunities possess significant material drilling and production potential;
and
(vii) a successful development program can be devised over and executed on
the

Acquisition Opportunities.

It is important to note that actual outcomes and the Company's actual
results
could differ materially from those in such forward-looking statements. Actual
results
could differ from those projected in any forward-looking statements due to
numerous factors. Such factors include, among others: (1) the failure to
complete
all or any of the Acquisition Opportunities for whatever reason; (2) the failure
to
identify and develop further oil and/or gas reserves on any of the concessions
attributable to the Acquisition Opportunities; (3) the Company's ability to
raise the necessary financing to complete the acquisition of all or any of the
Acquisition Opportunities and to pursue the further exploration and
development of the concessions attributable to the Acquisition Opportunities;
(4) the
accuracy of seismic and other data for the concessions attributable to the
Acquisition Opportunities; (5) the inability to obtain the necessary
approvals for the further exploration and development of all or any of the
concessions attributable to the Acquisition Opportunities; (6) the continued
significant demand for oil and gas; (7) risks inherent in the oil and gas
industry; (8) the number of competitors in the oil and gas industry with
greater technical, financial and operations resources and personnel; (9)
fluctuations in world prices and markets for oil and gas due to domestic,
international, political, social, economic and environmental factors beyond the
Company's control; (10) the uncertainty of the requirements demanded by
environmentalagencies; (11) the Company's ability to raise debt or equity
financing for
operations; (12) the Company's ability to hire and retain qualified employees
and
consultants; and (13) the fact that there is no certainty that any commercial
quantities of oil and gas will be found or recoverable on any of its current and
future exploration targets or that any such resources will be commercially
viable to produce. In general, estimates of 3P (proven, possible &
probable) reserves are based upon a number of factors and assumptions made
as of the date on which the estimates were determined, such as geological,
technological and engineering estimates and are subject to a variety of risks
and uncertainties and other factors that could cause actual events or results
to differ materially from those anticipated in the forward-looking estimates.
The Company undertakes no obligation to update forward-looking information
if circumstances or management's estimates or opinions should change, except
as required by law. Readers should also refer to the Company's current
annual report or other filings, which are available at www.sec.gov for
additional discussion of risks and uncertainties. The reader is cautioned not to
place undue reliance on forward-looking statements.

Cautionary Note to U.S. Investors -- The United States Securities and
Exchange Commission permits oil and gas companies, in their filings with the
SEC, to disclose only proved reserves that a company has demonstrated by actual
production or conclusive formation tests to be economically and legally
producible under existing economic and operating conditions. The Company uses
certain terms in this press release that the SEC's guidelines strictly prohibit
the
Company from including in filings with the SEC. U.S. Investors are urged to
consider closely the disclosure in our Form 10-KSB filed with the SEC on Edgar.

Company Contact
Louis Fruchier
Corporate Communications
604-607-1677

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