Plate Resources Inc. Closes Fully-Subscribed Private Placement

Vancouver, B.C. - February 28, 2014 - Plate Resources Inc. (TSXV: PLR) (the “Company” or “Plate”).

Further to the Company’s news release of January 6, 2014 announcing its non-brokered private placement (the “Private Placement”) of up to 6,000,000 common shares (the “Shares”) at a price of $0.15 per Share for gross proceeds of up to $900,000, the Company announces that it has closed the Private Placement for gross proceeds of $900,000.

C. (Harry) Katevatis, President, Director and Chief Executive Officer of the Company, subscribed for 36,000 Shares under the Private Placement for proceeds of $5,400. A total of $66,600 and 444,000 warrants (“Finder’s Warrants) were paid as finder’s fees in connection with the Private Placement. The Finder’s Warrants are non-transferable, and are exercisable to purchase common shares of the Company at a price of $0.26 per common share for a period of one year from issuance.

Proceeds of the Private Placement will be used to finance work on the Company’s Cardium, Alberta property and for general working capital.

All securities issued pursuant to the Private Placement are subject to a hold period expiring June 27, 2014.

The Company is a junior resource exploration company focused on acquiring mineral and oil and gas properties and exploring for economically viable mineral and petroleum resources. The recently-announced Cardium property in Alberta adds to the Company’s existing business, to be developed alongside the Company’s mineral property located in the Nicola Mining District of south-central British Columbia. For more information, please refer to the Company’s prospectus dated March 21, 2013 available on SEDAR (www.sedar.com).

For further information contact Julie Hajduk of Purple Crown Communications Corp. at (604) 609-6169, or visit www.plateresourcesinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“Charalambos (Harry) Katevatis”

C. (Harry) Katevatis, President, Director and Chief Executive Officer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

ALL STATEMENTS, ANALYSIS AND OTHER INFORMATION CONTAINED IN THIS PRESS RELEASE ABOUT ANTICIPATED FUTURE EVENTS OR RESULTS CONSTITUTE FORWARD-LOOKING STATEMENTS. FORWARD- LOOKING STATEMENTS ARE OFTEN, BUT NOT ALWAYS, IDENTIFIED BY THE USE OF WORDS SUCH AS “SEEK”, “ANTICIPATE”, “BELIEVE”, “PLAN”, “ESTIMATE”, “EXPECT” AND “INTEND” AND STATEMENTS THAT AN EVENT OR RESULT “MAY”, “WILL”, “SHOULD”, “COULD” OR “MIGHT” OCCUR OR BE ACHIEVED AND OTHER SIMILAR EXPRESSIONS. FORWARD-LOOKING STATEMENTS ARE SUBJECT TO BUSINESS AND ECONOMIC RISKS AND UNCERTAINTIES AND OTHER FACTORS THAT COULD CAUSE ACTUAL RESULTS OF OPERATIONS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD- LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON ESTIMATES AND OPINIONS OF MANAGEMENT AT THE DATE THE STATEMENTS ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS EVEN IF CIRCUMSTANCES OR MANAGEMENT’S ESTIMATES OR OPINIONS SHOULD CHANGE EXCEPT AS REQUIRED BY APPLICABLE LAWS. INVESTORS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.