Plato Gold Corp. Announces Closing of Second Tranche of Non-Brokered Private Placement

Plato Gold Corp. Announces Closing of Second Tranche of Non-Brokered

Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES

TORONTO, March 16, 2018 -- Plato Gold Corp. (TSX-V:PGC) (“ Plato” or the “Corporation”) is pleased to announce that

further to its news release dated January 29, 2018, it has completed the second tranche of a non-brokered private placement

of units (“Units”) at a price of CAN$0.05 per Unit (the “ Offering”). The first tranche of the Offering consisted of the sale of

4,800,000 Units for gross proceeds of $240,000 (the “First Tranche”). The second tranche of the Offering consisted of the sale

of 3,500,000 Units for gross proceeds of $175,000 (the “Second Tranche ”).

Each Unit consisted of one (1) common share in the capital stock of Plato (“ Common Share ”) and one-half of a common

share purchase warrant (a “ Warrant ”). Each Warrant entitles the holder to purchase one common share at a price of

CAN$0.10 per common share until the date which is twenty-four (24) months following the closing date of the First and Second

Tranche respectively, whereupon the Warrants will expire. If the weighted average trading price of the Corporation’s common

shares on the Corporation’s principal stock exchange closes at a minimum of $0.10 per share for a period of five (5)

consecutive trading days, the Corporation may accelerate the expiry date of the Warrants to the date which is 30 days

following the date upon which notice of the accelerated expiry date is provided by the Corporation to the holders of the

Warrants.

In connection with the closing of the First Tranche, eligible institution finders have been paid finders fees of $1,050 and in

connection with the closing of the Second Tranche, eligible institution finders have been paid finders fees of $11,090. In

addition, the finder’s received 154,000 finder’s warrants (the “Finder’s Warrants”) equal to 7% of the total number of Units

sold pursuant to the Second Tranche. Each Finder’s Warrant is exercisable into one Unit at an exercise price of $0.10 at any

time prior to the date that is twenty-four (24) months following the closing date of the Second Tranche, whereupon the Finder’s

Warrants will expire.

The securities issued and issuable pursuant to the First Tranche and Second Tranche will be subject to a four month and one

day statutory hold period from the respective closing dates.   

The Offering is subject to final acceptance of the TSX Venture Exchange. Following the completion of the Second Tranche,

173,007,455 common shares will be issued and outstanding. The Corporation intends to issue additional Units in subsequent

tranches as part of the Offering, up to the maximum amount announced in its previous press release.

The Corporation intends to use the net proceeds from the Offering first on a 5,000 metre drill program on the Good Hope

Niobium Project which has been contracted to begin on March 9, 2018 and next on exploration work and for general working

capital purposes.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United

States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended,

(the “U.S. Securities Act ”) or any state securities laws and may not be offered or sold within the United States or to or for the

account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S.

Securities Act and applicable state securities laws or an exemption from such registration is available.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed 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 4,208 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.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp

located east of Timmins, Ontario. Plato holds 50% interest in the Guibord property with the remaining 50% held by Osisko

Mining 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 Minerals 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 advanced

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.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward

-looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes, but is

not limited to, statements, projections and estimates with respect to the Offering, the potential mineralization and resources,

exploration results, and future plans and objectives. Generally, forward-looking information can be identified by the use of

forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,  “scheduled”, “estimates”,

“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations  of such words and phrases or state

that certain actions, events or results “may”, “could”, “would”, “might” or “will  be taken”, “occur” or “be achieved”. Such

information is based on information currently available to Plato and Plato provides no assurance that actual results will meet

management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may

cause the actual results, level of activity, performance, or achievements of Plato to be materially different from those

expressed or implied by such forward-looking information.  Actual results relating to, among other things, approval and

completion of the Offering, results of exploration, project development, reclamation and capital costs of Plato’s mineral

properties, and Plato’s financial condition and prospects, could differ materially from those currently anticipated in such

statements for many reasons such as: changes in general economic conditions and conditions in the financial markets;

changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and

competitive developments; technological and operational difficulties encountered in connection with Plato’s activities; and

other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the

factors that may affect any of Plato’s forward-looking statements. These and other factors should be considered carefully and

accordingly, readers should not place undue reliance on forward-looking information. Plato does not undertake to update any

forward-looking information, except in accordance with applicable securities laws.