Plateau Uranium Commences Environmental Baseline Permitting Work Following Positive Government Meetings

TORONTO, ONTARIO--(Marketwired - April 26, 2016) - Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1)(US OTC:PLUUF) is pleased to announce that the Company has engaged experienced environmental consultant group Asesores y Consultores Mineros SA ("ACOMISA") to commence the enhanced environmental baseline study work required for future permitting and Environmental Impact Assessment (EIA) studies. This follows constructive meetings with government officials from the Mining Commission of the Peruvian Congress, Mines and Energy Ministry and additional mining and nuclear authorities towards establishing future uranium production in the country.

Ted O'Connor, CEO of Plateau Uranium, commented: "Significant progress has been made in Lima meetings between management of Plateau Uranium and members of the Mining Commission of the Peruvian Congress, the Minister and senior leaders at the Ministry of Mines and Energy ("MEM"), the leader of the Peruvian Institute of Geology, Mines and Metallurgy ("INGEMMET") and representatives of the Peruvian Institute of Nuclear Energy ("IPEN"). The encouragement and cooperation received at every level is highly indicative of Peru's support for future uranium production in the country. We are pleased to be working in such a favourable, mining-friendly jurisdiction with clear mining regulations and permitting procedures in place, and supportive central government and ministries.

As a result of the positive government support, the Company has engaged ACOMISA to commence the next level of environmental baseline work on the permitting path through pre-feasibility and feasibility studies as we progress towards production at our Macusani project."

Peruvian Government Meetings

The Company has been advancing uranium production permitting and regulation discussions with the Peruvian mining and nuclear authorities since mid-2015 with a committee formed holding monthly meetings. In addition to Plateau Uranium company representatives, the committee is chaired by the leader from INGEMMET, and has members from MEM and IPEN.

Since early November 2015, Company executive and management have visited and met with various administrative and political authorities in Lima, Peru, including the Mining Commission of the Congress of the Republic, MEM, IPEN, INGEMMET, and with private mining construction companies COSAPI and STRACON G&M, with the aim of initiating pre-feasibility level work and the EIA study.