Plato Gold Corp. Provides Update on Good Hope Diamond Drilling Program

Plato Gold Corp. Provides Update on

Good Hope Diamond Drilling Program

Toronto, Ontario – April 11, 2018 - Plato Gold Corp. (TSX -V: PGC) (“ Plato” or the “ Corporation”) is

pleased to be able to provide an update on its drilling program on the Good Hope Niobium Property

(“Property”) in the Killala Lake Area of Northwestern Ontario.

In March 2018, Plato commenced an approximately 5000 -metre (HQ-diameter) diamond drilling

program on the Property. To date, three diamond drill holes have been compl eted, totalling 1353

metres in length . A fourth drill hole is in progress . All three completed holes intersected a brecciated

system consisting of variably fenitized (metasomatized) quartz syenite/syenite intruded by carbonatite

dykes and crosscutting veins.

Table 1. 2018 Drill Hole Collar Information

Drill Hole Status

Easting

(NAD83-

zone 16)

Northing

(NAD83-

zone 16)

Elevation

(m)

Azimuth

(°)

Dip

(°)

Final

Length

(m)

Mining

Claim

Completion

Date

PGH-18-01 Completed 519527 5432369 313 338 -50 501 TB 4256251 2018-03-21

PGH-18-02 Completed 519437 5432594 310 338 -50 372 TB 4256251,

TB 4256258 2018-03-25

PGH-18-03

Failed to

reach

bedrock

519435 5432302 308 338 -50 78* TB 4256251,

TB 4256252 2018-03-28

PGH-18-03B Completed 519527 5432369 313 290 -50 480 TB 4256251,

TB 4256252 2018-04-04

*Not included in total metres drilled.

The aim of the program is to find the source of high -grade niobium (Nb) mineralization previously

identified at surface (see press release – August 16, 2017). It has been observed in previous work on the

Property that high -grade niobium mineralization (>1.0 wt.% Nb2O5) occurs predominantly within

carbonatite veins that contain cumulate s of pyrochlore (niobium -bearing mineral) and apatite ( a

phosphate mineral). Table 2 lists the most significant carbonatite zones intersected so far by the current

work program.

Table 2. Significant Carbonatite Intersections (>5m core width)

Drill Hole From

(m)

To

(m)

Core Width

(m)*

PGH-18-01 65.82 81.26 15.44

PGH-18-01 198 204.49 6.49

PGH-18-01 313.49 340.9 27.41

PGH-18-02 257.8 270.77 12.97

PGH-18-03 52.45 62.08 9.63

PGH-18-03 187.25 196 8.75

PGH-18-03 269.18 277.55 8.37

PGH-18-03 411 418.55 7.55

PGH-18-03 470.76 477.06 6.3

*True widths not yet determined

A p reliminary petrographic study of three samples from the first drill hole PGH-18-01 has been

undertaken by Dr. Roger Mitchell at Lakehead University. Samples were collected from carbonatite

intervals at depths of 81m, 335m and 337m downhole . The presence of the niobium-bearing mineral

pyrochlore (and associated apatite) was confirmed in all three samples . Additional petrographic work is

expected to be completed as the program progresses.

Figure 1. Back-scattered electron image showing

pyrochlore (white) in apatite (grey) in carbonatite at 335m in PGH-18-01.

Samples from the first three drill holes have been submitted to Activation Laboratories (ActLabs) in

Thunder Bay, Ontario. A total of 508 samples were submitted including quality assurance and quality

control (“QAQC”) samples. Samples are currently being analyzed for niobium by XRF as well as for a

multi-element package than includes phosphorus and rare -earth elements. Analytical results are

pending and will be reported as soon as they are available.

Laura Giroux, P.Geo., Msc., a Qualified Person as defined by NI 43-101, is responsible for the technical

information contained in this news release and has reviewed and approved its content.

Figure 2. Location of 2018 Drill Holes.

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 Regulatio n 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, state ments, projections

and estimates with respect to the Offering , the potential mineralization and resou rces, 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”, “estimate s”, “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 “w ill be taken”,

“occur” or “be achieved”. Suc h 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 an d other judicial,

regulatory, political and competitive developments; technologica l 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.