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PGC.V ·

Plato Commences Trading on OTCQB Venture Market in The United States

Listings & Exchange

For Immediate Release

Plato Commences Trading on OTCQB

Venture Market in The United States

Toronto, December 20, 2021 – Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt:

4Y7 or WKN: A0M2QX) (“Plato” or the “ Company”) is pleased to announce that, effective

December 20 , 2021, the Company’s common shares (the “Shares”) have been approved to

commence trading on the OTCQB® Venture market (“OTCQB”) under the symbol, NIOVF. The

Company’s Shares will continue to trade on the TSX Venture Exchange under the symbol, PGC.

The Company has chosen to trade on this US marketplace to provide current and future US-based

investors with greater access, ease of trading, home country disclosure, current financial

disclosures and Real-Time Level 2 quotes on www.otcmarkets.com.

“I am pleased that Plato has qualified to trade on the OTCQB market in the U.S., thereby increasing

the Company’s exposure as well as liquidity for Plato shareholders. With Plato’s focus on critical

metals, in particular niobium, at our Good Hope Project, we plan on making U.S. investors more

aware of the importance of niobium in a large number of important industries. As we further

develop this project, its unique location nea r Marathon, Ontario and proximity to major

infrastructure will help to differentiate it from other projects,” said Anthony Cohen, President &

CEO of the Company.

The OTCQB® is a leading market for early-stage and developing U.S. and international companies

operated by the OTC Markets Group Inc. To be eligible for quotation on the OTCQB®, companies

must be current in their reporting and undergo an annual verification and management certification

process. C ompanies must also meet a minimum bid price test and other financial conditions.

Recognized by the U.S. Securities and Exchange Commission as an established public market, the

OTCQB® market will provide investors who cannot access trading on the TSX Venture Exchange

with alternative access to Plato’s Shares through regulated U.S. broker-dealers.

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 hec tares 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

[email protected]

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, completion of the Offering,

statements regarding the potential mineralization and resources, exploration results,

concentrations of pay minerals may offset operating costs and future plans and objectives.

Forward-looking statements may be identified by such terms as “believes”, “anticipates”,

“expects”, “estimates”, “ may”, “could”, “would”, “will”, or “plan”. Since forward -looking

statements are based on assumptions and address future events and conditions, by their very

nature they involve inherent risks and uncertainties. Although these statements are based on

information currently available to the Company, the Company provides no assurance that actual

results will meet management’s expectations. These forward-looking statements are subject to a

variety of risks and uncertainties and other factors that could cause act ual 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 processing; increa sed capital costs; the timing and content of upcoming work

programs; geological interpretations based 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 availabili ty of labour,

equipment and markets for the products produced; conditions changing such that the minerals on

our property cannot be economically mined, or that the required permits cannot be obtained; and

an inability to predict and counteract the effects of COVID-19 on the business of the Company,

including but not limited to the effects of COVID -19 on the price of commodities, capital market

conditions, restrictions on labour and international travel and supply chains . Although

management of Plato has att empted 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, estimated 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 such 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 reflect new events or circumstances, except as required by law.