TORONTO - Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) ('Plato' or the 'Company'), an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to announce the completion of a Preliminary Mineralogical and Metallurgical Study (the 'Study') on a 39.8 kg sample of drill core from the Good Hope Niobium Project, 45 kilometres northwest of the town of Marathon, Ontario.

The Study, carried out by Process Mineralogical Consulting Ltd. ('PMC'), of Maple Ridge, B.C., was conducted to determine if the niobium-bearing carbonatites from the Good Hope Niobium Project were amenable to concentration by gravity and flotation methods. These are conventional methods used for Niobium recovery. The sample used for PMC's study came from a representative sample as chosen by PMC from drill hole PGH-18-10A from Plato's previous drill program.

The initial preliminary mineralogical and metallurgical study yielded encouraging results. Although a conclusion cannot be determined regarding the quality of the concentrate that it is possible to achieve due to the limited number of tests and small sample size, valuable information was obtained: Pyrochlore is the only Nb-bearing mineral identified in the sample.

The pyrochlore is not predominantly ultrafine with 4% of the pyrochlore grains being

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