Toronto, ON, June 14, 2024 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (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 welcome Mr. Ernie J. Marcotte as the newest member of our Board of Directors.

"On behalf of our Board, I am very pleased to welcome Mr. Ernie Marcotte as a new Director. I look forward to working with Ernie who brings a wealth of experience and expertise in the mining sector. Ernie will be joining our seasoned team of professionals, each with a proven record of success in the mining industry or related business sector," said Anthony Cohen, President and CEO.

"I am pleased to serve as a director for Plato Gold and look forward to working with the Plato team to develop its properties," said Ernie Marcotte.

The Company is pleased to announce that shareholders approved all proposals, including the election and re-election of the nominated directors, at its 2024 Annual Meeting of Shareholders held on June 13, 2024.

The re-elected directors are Mr. Anthony J. Cohen, James E. Cohen, J.J. Elkin, Peter C. Hubacheck and John H. Paterson.

About our Directors

Anthony J. Cohen, President, Chief Executive Officer and Director. Mr. A. Cohen is also the Founder, President and Chief Executive Officer of Gulf & Pacific Equities Corp., a publicly listed real estate company. Mr. A. Cohen was a past director of Chauvco Resources Ltd., an international oil and gas company and a current director of Gendis Inc., a private energy, real estate and agribusiness company. He received a Bachelor of Science, Business Administration degree from Creighton University, Omaha, Nebraska.

James E. Cohen, Director. Mr. J. Cohen is the President and CEO of Gendis Inc., a Canadian private commercial real estate and energy investment company formerly listed on the TSX.

James is a past-Chair of Canada's Royal Winnipeg Ballet, The Manitoba Museum, The Manitoba Museum Foundation Inc., the Young Presidents Organization YPO Manitoba Chapter and the Winnipeg Symphony Orchestra Development Committee. He is also a past board member of the Winnipeg Blue Bombers of the Canadian Football League, the West End Cultural Centre and Tundra Oil and Gas Ltd.

James received his Bachelor of Arts in Political Science at the University of Western Ontario.

J.J. Elkin, Director. Mr. Elkin is an international entrepreneur and investor who has served as Director and CEO of a number of private and public companies. Fields of activity have included portfolio money management, real estate, manufacturing, and mining. He has an MBA degree from the Harvard Business School and is a Chartered Financial Analyst.

Peter C. Hubacheck, Director. Mr. Hubacheck is a consulting geologist and President of W. A. Hubacheck Consultants Ltd. He has over 45 years of experience as a project geologist, exploration manager and Qualified Person for the purposes of NI 43-101, with experience in the exploration for gold, silver, base metals, uranium and diamonds in Canada and the USA. He holds a Mining Technologist (1974) diploma from the Haileybury School of Mines and Technology, Haileybury, Ontario and a B.A.Sc. (Geol. Eng. 1977) degree from the South Dakota School of Mines and Technology, Rapid City, South Dakota. From 1996 to 1998, Mr. Hubacheck served as a director of Agnico-Eagle Mines Ltd. and, from 2004 to 2006, he served as a director of Contact Diamond Corporation (acquired by Stornoway Diamond Corporation). Mr. Hubacheck is currently consulting project manager for RJK Explorations Ltd. Since September 2022, Mr. Hubacheck has been engaged as QP for New Break Resources. 

Ernie J. Marcotte, Director. Mr. Marcotte, P.Eng, FCIM, has over 40 years experience in the mining industry involving metallurgical and mining operations, environmental control, mineral processing, research and development, design engineering, plant commissioning and corporate management. He has extensive experience in gold, uranium, nickel-copper and platinum-palladium operations.

In his career, he has worked for a number of successful mining companies: Denison, East Malartic Gold, Upper Canada Gold, Falconbridge, Pamour, MacIsaac (INCO Shebandowan Operation) and North American Palladium. As Vice President Mining for North American Palladium and Vice President and General Manager Mining Operations for the Lac Des Iles Mine, he was instrumental in the initial commissioning and progressive improvement of the mine and mill operations. Ernie has served as Senior Metallurgist for SNC Lavalin, Vice President of Operations for Mustang Minerals Corp, and Senior Process Engineer for Rubicon Minerals Corporation.

Ernie served on the Board of Directors of Frontier Lithium, which is currently developing a high-grade lithium-rare metals deposit north of Red Lake, Ontario. He also served as a Director for Numax Resources (iron-titanium property).

Ernie is a graduate of the Haileybury School of Mines. He is a Fellow and Life Member of the Canadian Institute of Mining, Metallurgy and Petroleum. Ernie is a founding member of the Canadian Mineral Processors. He was Chairman in 1968-69 and again in 1986-87.

He was the recipient of the CMP "Mill Man of The Year Award" in 1994, the "Lifetime Achievement Award" in 2013 and the "Ray MacDonald Volunteer Award in 2014". He continued to be actively involved with CMP and served on the Board of Directors for 50 years.

As a highly respected member of his community, Ernie has served on a number of local Boards and Committees. He served as manager of the Levack High School senior hockey team from 1982-86.

John H. Paterson, Director. Mr. Paterson has a diversity of experience gained with both major and junior mining companies. He is a professional engineer and has served on many boards of mining and exploration companies. Mr. Paterson was President and CEO of Aurogin Resources Ltd. ("Aurogin") from 2002 to 2007, which developed the El Sastre gold mine in Guatemala prior to merging with Morgain Minerals (which formed Castle Gold Corp.). Before joining Aurogin, Mr. Paterson was President and CEO of Geomaque Explorations Ltd. from 1991 to 2001, where he directed the development of two heap leach gold mines, the San Francisco gold mine located in Sonora, Mexico and the Vueltas Del Rio gold mine located in Honduras. Mr. Paterson received his B.Sc.(Eng.) and M.Sc. from Queen's University in Kingston, Ontario.

For full details, please visit us at www.platogold.com.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company traded on the TSX Venture Exchange, OTC Markets, and Frankfurt Exchange with projects in Timmins, Ontario, Marathon, Ontario and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario, with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. ("WMSA"), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario, with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario, of which 19 claims are contiguous to the western boundary of Generation Mining's Marathon PGM project and is located on strike to Generation Mining's Sally deposit.  

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
Info1@platogold.com
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 mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated 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 forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.