Plato Gold Reports on First Quarter Results
For Immediate Release
Plato Gold Reports on First Quarter Results
Toronto, May 25, 2017 – Plato Gold Corp. (TSX-V: PGC ) (“ Plato ” or the “Company”), an
exploration company with a portfolio of properties i n significant gold mining camps in Santa
Cruz, Argentina and Northern Ontario is pleased to repor t the three months financial results for
fiscal 2017 and 2016, as summarized below:
Three Months Ended
(Unaudited)
March 31, March 31,
2017 2016
Income $ 625 $ -
Net loss and comprehensive loss $ 34,016 $ 60,276
Loss per common share
basic and diluted $ (0.00) $ (0.00)
Weighted average number
of common shares outstanding
basic and diluted 143,591,655 143,591,655
For full details, please visit us at www.platogold.com .
About Plato Gold Corp .
Plato Gold Corp. is a Canadian exploration company lis ted on the TSX Venture Exchange with
projects in Santa Cruz, Argentina and Timmins, Ontario.
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.
The Northern Ontario project includes 4 properties: Gu ibord, Harker, Holloway and Marriott in
the Harker/Holloway gold camp located east of Timmins, O ntario. In November 2010, Plato
signed an agreement granting St Andrew Goldfields Ltd. the option to earn a 75% interest in the
above properties. On January 26, 2016, St. Andrew Goldfiel ds was acquired by Kirkland Lake
Gold Inc. Currently the Holloway and Marriott propert ies remain in good standing with the
remaining options held by Kirkland Lake Gold Inc.
In July 2012, Plato sold a 50% interest in the Guibord property to Victory Gold Mines Inc. who
amalgamated with Northern Gold Mining Inc. on February 6, 2013. On December 22, 2015,
Oban Mining Corporation completed the acquisition of Northern Gold Mining. In June 2016,
Oban changed its name to Osisko Mining Inc. (“Osisko”). Osisko now holds the 50% interest in
the Guibord property.
In February 2013, Plato sold an 80% interest in the Harker property to Northern Gold Mining
Inc. and was subsequently acquired by Oban Mining Corporation on December 22, 2015. In
June 2016, Oban changed its name to Osisko Mining Inc. Osisko now holds the 80% interest in
the Harker property.
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
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, statements regarding the potential mine ralization and resources, exploration results, and future plans and objectives. Generally, these
forward-looking statements can be identified by the use of forward-looking terminology such as “plans” , “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “for ecasts”, “intends”, “anticipates” or “does not anti cipate”, or “believes”, or variations of
such words and phrases or state that certain action s, events or results “may”, “could”, “would”, “migh t” or “will be taken”, “occur” or “be
achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and
they are subject to known and unknown risks, uncert ainties and other factors that may cause the actual results, use of proceeds, level of activity,
performance or achievements of Plato to be material ly different from those expressed or implied by suc h forward-looking statements, including
but not limited to risks related to: risks related to exploration; actual resource viability, and othe r risks of the mining industry . Although
management of Plato has attempted to identify impor tant factors that could cause actual results to dif fer materially from those contained in
forward-looking statements, there may be other fact ors that cause results not to be as anticipated, es timated 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 Company does not undertake to update
any forward-looking statements that are incorporate d by reference herein, whether as a result of new i nformation, future events or otherwise,
except in accordance with applicable securities laws.