Plato Gold Corp. announced a non-brokered private placement of 4,000,000 flow-through shares at a price of CAD 0.05 per share for gross proceeds of CAD 200,000 and 2,000,000 hard dollar units at a price of CAD 0.05 per unit for gross proceeds of CAD 100,000; for aggregate gross proceeds of CAD 300,000 on May 25, 2022. Each unit will consist of one common share and one common share purchase warrant, where each warrant will entitle the holder to purchase one common share at a price of CAD 0.07 per share until the date which is twenty-four months following the closing date.

Eligible finders who introduce an investor to the offering will be paid a cash commission of up to 8% of the gross proceeds raised by the finders in respect of the sale of flow-through shares and units pursuant to the offering. Completion of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. The securities issued and issuable pursuant to the offering will be subject to a four month and one day statutory hold period.