Plato Gold Corp. Announces Sale of Timmins-Area Properties to Mayfair Gold Corp.
For Immediate Release
Plato Gold Corp. Announces Sale of Timmins-Area
Properties to Mayfair Gold Corp.
TORONTO, Ontario, April 2, 2026 – Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF)
(Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) announces that it has entered
into a definitive asset purchase agreement (the “Agreement ”) with Mayfair Gold Corp.
(“Mayfair”) pursuant to which Mayfair will acquire Plato’s interests in the Guibord, Marriott and
Holloway properties (collectively, the “Properties”), all located in the Timmins, Ontario area, for
total cash consideration of C$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 o n advancing its remaining
exploration portfolio.
Anthony Cohen, President and Chief Executive Officer of Plato Gold Corp., 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 introduce d 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 monet ize 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% 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% 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% 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 C$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% upon completion of the transfer of the Marriott Property;
• 25% upon completion of the transfer of the Holloway Property; and
• 25% 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 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 tota lling 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 Ontario , with the primary target being
niobium.
The Pic River Platinum Group Metals (PGM) Project consists of 2, 352 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.
For additional company information, please visit www.platogold.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
For further information, please contact:
Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
www.platogold.com
Forward-Looking Statements
This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not
limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay miner als that may offset
operating costs and future plans and objectives. These forward -looking statements are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could
change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and proc essing; increased
capital costs; the timing and content of upcoming work programs; geological interpretations bas ed on drilling that may change with more detailed
information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered
analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are
successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced;
and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained.
Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained
in forward-looking statements, there may be other factors that cause results not to be as anticipated, estim ated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in suc h
statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained
herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to refle ct new events or
circumstances, except as required by law.