Plateau Uranium Completes $3,000,000 Non-Brokered Private Placement and Announces Appointment of New Directors

TORONTO, ONTARIO--(Marketwired - June 29, 2016) -

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Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) is pleased to announce that it has completed a non-brokered private placement raising gross proceeds of C$3.0 million through the issuance and sale of 11,111,111 common shares of the Company at a price of C$0.27 per share (the "Financing"). All securities issued in the private placement are subject to a 4-month hold period in Canada and such longer periods as may be required under other applicable securities laws.

The Company is also pleased to announce the appointment of Ms. Maryse Belanger and Mr. Christian Milau to the Company's Board of Directors, subject to regulatory approval. Mr. Engin Ozberk has resigned from the board to make room for the new appointees and will continue with the Company in a consulting capacity.

Ms. Belanger brings over 30 years of experience in the mining industry with strengths in operational excellence and efficiency. Most recently, she was the Chief Executive Officer and Managing Director of Mirabela Nickel Ltd. where she was responsible for the remarkable turn around of the company and the reestablishment of the Santa Rita Nickel-Copper sulphide open pit mine in Brazil. From 2012 to 2014, Ms. Belanger was Senior Vice President, Technical Services at Goldcorp where she oversaw the global geology, mine planning and design, metallurgy, hydrology, tailings dam and geotechnical engineering functions. During her career, Ms. Belanger has also gained considerable expertise providing oversight and project management support for some of the mining industry's key strategic acquisitions. Prior to joining Goldcorp, Ms. Belanger was Director, Technical Services for Kinross Gold Corporation for Brazil and Chile. Ms. Belanger holds a Bachelor of Science degree in Geology and a graduate certificate in Geostatistics and is fluent in English, French, Spanish and Portuguese. She has been an active board member at Mirabela, True Gold Mining Inc., CEEC International Ltd. and is a member of Westcoast Women in Engineering, Science and Technology (WWEST).