Plato Gold Announces Completion of Sampling Program For Good Hope Niobium Project

For Immediate Release

Plato Gold Announces Completion of Sampling Program

For Good Hope Niobium Project

Toronto, July 18, 2017 – Plato Gold Corp. (TSX-V: PGC ) (“ Plato ” or the “Company”), an

exploration company with a portfolio of properties i n Northern Ontario and Santa Cruz,

Argentina is pleased to announce the successful completi on of a prospecting, sampling and

geological mapping program on the Good Hope Niobium Property in June 2017. The Good Hope

Niobium Property consists of a total of 19 claims, 263 c laim units and 4208 hectares in Killala

Lake Area and Cairngorm Lake Area Townships, northwest of Marathon, Ontario.

"I am very pleased that our exploration team complet ed a successful mapping program which

included identifying new areas of carbonatite and ijolite o n the Good Hope Niobium property,"

said Anthony J. Cohen, President & CEO of Plato Gold Co rp.. "I look forward to receiving the

assays from our sampling program and planning a drill program for this fall."

The mapping program consisted of due diligence sampling of pr eviously recognized high grade

samples and discovery of additional ijolite and carbona tite occurrences in four distinct areas on

the Property (Figure 1). Discovery of new ijolite and c arbonatite occurrences is significant

because niobium mineralization in the Prairie Lake comp lex occurs in both ijolite and

carbonatite, although carbonatites are the dominate ho st of the niobium mineralization. The

Good Hope Property claims surround the Prairie Lake compl ex. The observation that ijolite and

carbonatite occurs in several areas throughout the Property increases the exploration potential for

niobium mineralization throughout the Property. Plato’s exploration team successfully predicted

the location of the ijolite occurrences on the basis of the high magnetic anomalies and

topographic highs. Plato’s exploration team is using the ijolite locations as a pathfinder to find

additional carbonatite occurrences. The carbonatite is easily weathered and possibly occurs in the

swamps and lakes near ijolite occurrences.

The airborne EM apparent resistivity at 33840 Hz map suggests that the Prairie Lake Carbonatite

Complex proper is surrounded by a 1.0 to 1.5 km wide outer r ing which includes most of the

Good Hope Property (Figure 2). The peripheral region of the main complex has the potential to

host late stage carbonatite dykes and veins similar to the carbonatite veins in the alkali granite

breccia at Site #28. The current mapping program only covere d the west side of the Prairie Lake

Complex. Prospecting on the east side of the Complex has not yet been undertaken.

The four areas of mineralization identified during this map ping program are: site #28 (claim

4256251), site #21A (claim 4246269), sites #22 and 25 (claim 4256252) and site #37 ( claim

4256259). Although these mineralized sites were previously known , Plato’s exploration team

increased the area of the mineralized sites and found new mineralized outcrops within these sites.

Site #28 (Claim 4256251, northwestern part of property)

The claim consists of alkali granite breccia with a carbonatite matrix and minor ijolite. The alkali

granite shows variable degrees of brecciation and fenitiza tion (alteration to Na-amphibole and

biotite) in drill core PL-01.

• The high ground on site #28 corresponds to an airborne radi ometric total counts high

anomaly related to the potassium content of the alkali granite breccia. To the north of the

high ground is a swamp which corresponds to a magnetic low and possibly the location

of the carbonatite.

• Detailed due diligence relogging and photographing of drill hole PL-01 by Plato’s

exploration team showed an excellent correlation betw een the rock types found in the

surface trench TR-01-PL15 and drill core (Figure 3). The rel ogging helped the team

better understand the niobium mineralization. The drill core shows several generations of

carbonatite and patches rich in pyrochlore mineralization. Drill hole PL-01 contains up to

0.450 % Nb 2O5 and 1.85 % P 2O5 over 1 m in carbonatite. Multiple generations of apati te

associated with the carbonatite and the niobium minerali zation were identified using

ultraviolet light.

• Previous high grade samples include the Discovery Pit #1 with 1.63 %Nb 2O5 and 20.66

%P 2O5 in carbonatite (Figure 4). Plato’s due diligence assays f or samples collected

during this prospecting program are pending.

• 2015 Trench TR-01-PL-15, about 110 m southwest of Pit #1, had previo us continuous

channel sampling with 1.205 % Nb 2O5 over 1.1 m, 0.770 % Nb 2O5 over 1.0 m and 0.468

% Nb 2O5 over 1.2 m for a weighted average of 0.805 % Nb 2O5 over 3.3 m in carbonatite.

The same trench had three non-adjacent channel sample s with 0.562 % Nb 2O5 over 1.0

m, 0.575 % Nb 2O5 over 1.2 m and 0.727 % Nb 2O5 over 1.0 m. A grab sample on the

same trench of ferro-carbonatite with 2-3% pyrochlore contained 2.11 % Nb 2O5.

• The mapping program discovered a 70 m long ijolite dyke wi thin the alkali granite

breccia and carbonatite matrix. This ijolite dyke conn ects trenches TR-04A-PL15 and

TR-04B-PL15 ijolite with a new outcrop of ijolite 70 m to the west (Figure 4).

• 2015 Trench TR-04A-PL15, about 50 m northwest of Pit #1, had pre vious channel

sample of 0.32 % Nb 2O5 over 2.0 m in ijolite breccia with carbonatite matrix. In the same

trench, three non-adjacent channel samples had 0.180 % Nb 2O5 over 1.0 m, 0.437 %

Nb 2O5 over 0.6 m and 0.254 % Nb 2O5 over 1.0 m in alkali granite breccia with

carbonatite matrix.

Site #21A (Claims 4246269, 4246255 and 4256253, southwestern part of Property)

• The mapping program covered a 1.5 by 2.5 km area within these claims, the majority of

which were not previously prospected or sampled.

• The due diligence sampling included visiting known ijolite and carbonatite occurrences

around the original site #21A. Previous high grade sample wi th 0.906 % Nb 2O5 and 9.89

% P 2O5 was collected by Rudy Wahl.

• The mapping discovered a 700 m long northeast trending alkal i granite breccia with

carbonatite matrix pointing towards Prairie Lake. It is not known if the carbonatite

continues under the lake.

• The mapping also discovered a 1.8 km long northwest trendin g ijolite characterized by a

magnetic high anomaly. This ijolite trend has an explor ation potential to host niobium

mineralization as ijolite hosts niobium mineralization in Prairie Lake complex.

Site #22 and 25 (Claim 4256252, south of Deadhorse Creek Road)

• The mapping program sampled ijolite and silico-carbonatite in this claim.

• The mapping program discovered a 70 m northwest trending ijo lite which corresponds to

a magnetic high anomaly. The ijolite is on a topographi c high and the carbonatite is

possibly in the adjacent topographic low ground.

Site #37 (Claim 4256259, west of Site #28)

• Due diligence sampling of carbonatite including previous sam ple with 0.157 % Nb 2O5

and 1.50 % P2O5 collected by Rudy Wahl.

• This claim contains similar alkali granite with carbonatite as site #28.

Assays from Plato’s mapping program are pending and will be released once received and

interpreted. Plato is planning a drill program in the fa ll to investigate the topographic low

grounds/swamps with high potential to host niobium mineralization in carbonatite.

The Good Hope Niobium Project is being supervised by Dr. Julie Selway, Ph.D., P.Geo, who is

the project’s Qualified Person. Dr. Selway has prepar ed and supervised the preparation of the

scientific and technical disclosure in this news release.

Figure 1 Good Hope Niobium Property geology map.

Figure 2 Good Hope Niobium Property apparent resistivity map at 33840 Hz (OGS GDS 1104).

Figure 3 Good Hope Niobium Property, Site #28, historic and 2017 sampling map.

Figure 4 Good Hope Niobium Property, northern part of site #28 historic and 2017 sampling map.

About the Good Hope Niobium Project

The Good Hope Niobium Property consists of a total of 19 claims, 263 claim units and 4208

hectares in Killala Lake Area and Cairngorm Lake Area T ownships, northwest of Marathon,

Ontario. The Good Hope Property is located approximately 45 kilometers northwest of Marathon

and 28 km north of Highway 17. The property is readily accessible from Trans-Canada Highway

17 and Dead Horse Road. The Property is also in close pr oximity to the Hemlo gold mining

camp.

About Dr. Julie Selway

Julie Selway, Ph.D., P.Geo. is the Principal Geolog ist for J-J Minerals, a mineral exploration

consulting firm based in Sudbury, Ontario. Dr. Selway has over 25 years of work experience for

academia, government and industry. Dr. Selway’s specialtie s are writing NI 43-101 reports,

QA/QC reviews of drill core assays, data compilations and project management. She is the co-

author of twenty-six NI 43-101 Independent Technical Reports , twenty-three scientific journal

articles and thirteen Ontario Geological Survey public ations. She has worked on a wide variety

of deposit types including: carbonatites, lithium pegmati tes, Cu-Ni-PGE deposits, gold,

stratiform Cu, VMS, porphyry Cu and banded iron formation. Dr. Selway is a Qualified Person

("QP") as defined by National Instrument 43-101.

About Rudy Wahl

Rudy Wahl has been prospecting in the Marathon – Hemlo – Terrace Bay area since 1989 and

has optioned more than 30 properties to different mining c ompanies. Between 2005 and 2014,

Mr. Wahl found 17 new rare earth and 2 new Uranium occurren ces within the Prairie Lake –

Killala Lake Area. He made the Niobium discovery of up to 1.63 % Nb 2O5 and up to 20.6 %

P2O5 on the Good Hope Property in 2014. In recognition of this Ni obium discovery, he received

the Bernie Schnieders Discovery of the Year Award for 2014 from the Northwestern Ontario

Prospectors’ Association (NWOPA). He has also made n umerous gold and diamond discoveries

and in 2012 was presented with the Lifetime Achievement Awa rd for Outstanding Work as a

Prospector in Northwestern Ontario from the NWOPA. Mr. Wahl was presented with an

Honorary Doctorate in Science from Lakehead University in June 2017.

About Plato Gold Corp .

Plato Gold Corp. is a Canadian exploration company lis ted on the TSX Venture Exchange with

projects in Marathon Ontario, Timmins Ontario and Santa Cruz, Argentina.

The Good Hope Niobium Project consists of a total of 19 claims, 263 claim units and 4208

hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario. In

May 2017, Plato signed an option agreement with Rudy Wahl and co-owners to acquire 100%

interest in the Good Hope Property. A drill program is planned for 2017.

The Timmins Ontario project includes 4 properties: Guib ord, Harker, Holloway and Marriott in

the Harker/Holloway gold camp located east of Timmins, O ntario. The Holloway and Marriott

properties are under option with Kirkland Lake Gold Inc .. Plato holds 50% interest in the

Guibord property with the remaining 50% held by Osisko Mini ng Inc. (“Osisko”). Osisko also

holds 80% interest in the Harker property with Plato holding the remaining 20%.

In Argentina, Plato owns a 75% interest in Winnipeg Minera ls S.A. (“WMSA”), an Argentina

incorporated company. The Lolita Property, held by WMSA , is comprised of a number of

contiguous mineral rights totaling 9,672 hectares. Work has a dvanced on this exploration

property to the point that it is drill-ready or ready to be optioned to a partner.

For additional company information, please visit: www.platogold.com.

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