Platinum nanoparticles often lose their efficacy in challenging working environments. In this study, we developed a novel approach for the preparation of highly dispersed precious metal catalysts. The method involves the utilization of composite materials consisting of PtOx/(LC)0.9MP, achieved through the exsolution of a low Pt substituted A-site deficient perovskite (La0.97Ce0.03)0.9Mn0.99Pt0.01O3 ((LC)0.9MP). This procedure facilitates the in situ exsolution of Pt nanoparticles from (LC)0.9MP through heat treatment under 10 vol% H2/Ar environment. During this process, PtOx undergoes transformation to Pt0, exhibiting a high CO catalytic oxidation activity, with the T100(CO) decreasing from 213 to 141 °C. This capability primarily stems from the substantial number of oxygen vacancies and alterations in Pt species induced by the catalyst during the redox process. The active Pt nanoparticles are strongly integrated on the surface of (LC)0.9MP, demonstrate excellent CO oxidation activity and stability. This performance is attributed to the specific structure of perovskite. Upon reoxidation, these particles do not undergo direct reincorporation into the lattice structure. Instead, NPs result in the formation of stable, anchored oxide nanoparticles. This strategy can be extended to other metals oxides catalysts, thus may help the rational design of highly efficient transition metal oxide-based catalysts and beyond.