Plato Gold Corp.
TSX VENTURE : PGC

Plato Gold Corp.

April 25, 2007 09:00 ET

Plato Gold Corp. Announces Annual Results for 2006

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES.

Plato Gold Corp (TSX VENTURE:PGC) is pleased to announce the three and twelve months financial results for fiscal 2006 and 2005 as summarized below:



Three Months Ended Year Ended
(Audited) (Audited)
December 31, December 31, December 31, December 31,
2006 2005 2006 2005
----------------------------------------------------
Revenue $ 910 $ 3,679 $ 1,923 $ 7,479
Loss for the period $ 115,336 $ 123,815 $ 405,666 $ 569,094
Loss per common share
Basic $ 0.00 $ 0.01 $ 0.01 $ 0.03
Diluted $ 0.00 $ 0.01 $ 0.01 $ 0.03
Weighted average number
of common shares
outstanding during the
period
Basic 34,541,628 22,861,000 27,331,382 19,243,770
Diluted 34,541,628 22,861,000 27,331,382 19,243,770


Plato Gold Corp. is a Canadian junior gold exploration company listed on the TSX Venture Exchange. The Company is currently active in two projects. The first project is the GHHM Gold Project in Northern Ontario which includes four properties (Guibord, Harker,Holloway and Marriott) in what is sometimes referred to as the Harker/Holloway gold camp located east of Timmins.

The second project, the Nordeau Gold Project, includes the Nordeau East and Nordeau West gold deposits, and the Bateman East & West claims, in Vauquelin Township near Val d'Or, Quebec. Plato Gold Corp. is in the early stage of exploring both projects.

Cautionary Statements

This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of Plato. Forward-looking statements include, but are not limited to, statements with respect to the benefits of the offering and option transaction. 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", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" 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, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Plato to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: raising less than the required amount; not realizing on the anticipated benefits from the transaction or not realizing on such anticipated benefits within the expected time frame; risks related to exploration; actual resource viability, and other risks of the mining industry. 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. Plato does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Plato Gold Corp.
    Mr. Anthony Cohen
    President and Chief Executive Officer
    (416) 968-0608
    or
    Plato Gold Corp.
    Suite 300, 1300 Bay Street
    Toronto, Ontario, M5R 3K8
    (416) 968-0608
    (416) 968-3339 (FAX)
    Website: www.platogold.com