Plateau Uranium Inc.
TSX VENTURE : PLU
FRANKFURT : QG1

Plateau Uranium Inc.

November 15, 2016 07:30 ET

Plateau Uranium receives acceptance of Macusani Project Environmental Baseline Study from affected Andean communities & Peruvian Authorities

TORONTO, ONTARIO--(Marketwired - Nov. 15, 2016) - Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) is pleased to announce the acceptance and approval by affected Andean communities and the Peruvian Environmental Authority for its Environmental Baseline Study lodged in September. The Environmental Baseline study represents the initial step towards production permitting and a full Environmental Impact Assessment (EIA) study.

Ted O'Connor, CEO of Plateau Uranium commented: "Acceptance of the environmental baseline study by the affected Andean communities near the Macusani uranium and lithium project is a significant milestone for Plateau Uranium and we continue to receive strong social acceptance for developing the project. Acceptance and approvals for the design, scope and methodology of the baseline study received from environmental authorities is a further indication of Peruvian government support for the project and is the first step towards permitting future uranium and lithium production.

"The Department of Puno, and the Macusani region, wants and needs industrial and social development, and the Macusani project will play a very important role in the region's future development as we move towards establishing Peru's first uranium and lithium operation. We thank the local communities for their continued support of our project and the excellent relationships that exist with the Company and our strong local technical and operational team."

Baseline Study & Approval Details

The baseline study has been accepted by the Andean communities of Isivilla, Tantamaco, Corani, Chimboya and Paquaje. These communities own farming land and pastures in the area of influence of the Company's Macusani uranium and lithium project, located on the Macusani Plateau, Department of Puno, in southeastern Peru. The acceptance of the baseline study plan by all the Andean communities located in the vicinity of the Macusani uranium and lithium project is of great importance for the future development of the project.

The environmental baseline as proposed and implemented by ACOMISA (Asesores y Consultores Mineros SA), the environmental and engineering consulting group engaged by the Company to commence the enhanced environmental baseline study work and EIA studies has been lodged with SENACE (Servicio Nacional de Certificacion Ambiental), the National Service for Environmental Certification. SENACE is part of the Ministry of the Environment, and is the highest government environmental authority in Peru responsible for EIA study approvals for mining and industrial projects. SENACE has accepted and approved the design, scope and methodology of the environmental baseline study and has acknowledged the communities' acceptance for this work.

Following the acceptance approvals, the Company has mobilized ACOMISA to initiate the baseline study monitoring and sample collection in the area of interest and to proceed with the other technical, biological, hydrological, social, cultural and archeological studies in the project area that will allow the Company to proceed with the future EIA study necessary for future production permitting.

Qualified Persons

Mr. Ted O'Connor, P.Geo., CEO and a Director of Plateau Uranium and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About Plateau Uranium

Plateau Uranium Inc. is a Canadian uranium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru, significant and growing lithium resources and mineral concessions covering over 91,000 hectares (910 km2) situated near significant infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU' and the Frankfurt Exchange under the symbol 'QG1'. The Company has 51,750,974 shares issued and outstanding.

For more information please visit www.plateauuranium.com.

Neither TSX Venture Exchange nor its Regulation 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.

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