Mr. Anthony Cohen reports

PLATO GOLD CORP. ANNOUNCES SALE OF TIMMINS-AREA PROPERTIES TO MAYFAIR GOLD CORP.

Plato Gold Corp. has entered into a definitive asset purchase agreement with Mayfair Gold Corp., pursuant to which Mayfair will acquire Plato's interests in the Guibord, Marriott and Holloway properties, all located in the Timmins, Ont., area, for total cash consideration of $2.5-million.

The properties consist of mineral claims and mining leases located along and adjacent to the Destor-Porcupine structural corridor in the Timmins gold district. The transaction is intended to allow Plato to monetize non-core assets and focus its resources on advancing its remaining exploration portfolio.

Anthony Cohen, president and chief executive officer of Plato Gold, commented: "Plato is pleased to conclude the sale of these assets to Mayfair Gold in order to concentrate on our flagship Good Hope niobium project, as well as other projects that we believe can add value for Plato's shareholders. We were very pleased to be introduced to the team at Mayfair Gold and to work with them in concluding this transaction, which we believe will benefit each of our respective shareholders and allow us to monetize long-held assets. Mayfair has been professional and a pleasure to deal with throughout the process."

Properties included in the transaction

Under the terms of the agreement, Mayfair will acquire the following interests from Plato:

• Guibord property (50-per-cent interest): The Guibord property consists of 16 mineral claims and two mining leases covering approximately 275 hectares. The property is located southeast of the Timmins mining camp and benefits from highway access.
• Marriott property (100-per-cent interest): The Marriott property consists of 142 contiguous mining claims covering approximately 2,728 hectares and is accessible via Highway 101. The property is an early-stage exploration asset within the broader Timmins mining district.
• Holloway property (100-per-cent interest): The Holloway property consists of 10 contiguous mining claims covered by a mining lease, totalling approximately 156 hectares, and is also accessed via Highway 101.

Transaction terms

Pursuant to the agreement, Mayfair will acquire Plato's interests in the properties for total cash consideration of $2.5-million.

The transaction is subject to customary conditions precedent, including receipt of all required regulatory approvals and ministerial consent with respect to the transfer of certain mining leases.

On closing, the cash consideration will be paid into escrow and released to Plato in stages as follows:

• 50 per cent upon completion of the transfer of the Marriott property;
• 25 per cent upon completion of the transfer of the Holloway property;
• 25 per cent upon completion of the transfer of the Guibord property.

Regulatory matters

The transaction constitutes a reviewable disposition under the policies of the TSX Venture Exchange and remains subject to exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

About Plato Gold Corp.

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

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

In Argentina, Plato owns a 95-per-cent 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 6,035 hectares in Killala Lake area and Cairngorm Lake area townships, near Marathon, Ont., with the primary target being niobium.

The Pic River platinum group metal (PGM) project consists of 2,352 hectares in Foxtrap Lake and Grain township, near Marathon, Ont., 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.

We seek Safe Harbor.