Plato Gold Completes Terms for the Acquisition for the Pic River PGM-Copper Project and Provides Exploration Update - Seite 2

Mapping conducted by the Ontario Geological Survey indicates the continuation of the Eastern Gabbro westward onto Plato’s Pic River Property (Walker 1993, OFR 5868). In general, the underexplored western margin of the Coldwell Complex and the western extension of the Eastern Gabbro, host potential for similar PGE-Cu-Au mineralization. Due to the rugged nature of the terrain in this area, it has been subject to only minimal historical exploration activity.

In October of 2021, Plato completed a High-Resolution Airborne Magnetic (Mag) and Electromagnetic (EM) Survey over Plato’s Pic River Property (Press Release, November 30, 2021). The survey identified numerous high priority anomalies which were targeted for detailed exploration. Due to the rugged terrain in this area, preliminary groundwork included the brushing of historic trails to less accessible portions of the claim group along with an initial prospecting and sampling program in late 2022 (Press Release, November 30, 2022). Results indicate areas of anomalous copper and gold mineralization. There are numerous Priority One Mag and EM anomalies that remain untested and these will be targeted by Plato for future detailed ground exploration.

The technical information found within this news release has been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a qualified person (QP) for the purposes of NI 43-101.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company traded on the TSX Venture Exchange, OTC Markets, and Frankfurt Exchange with projects in Timmins, Ontario, Marathon, Ontario and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.