Plato Gold Corp.

Plato Gold Corp.

August 26, 2005 18:13 ET

Plato Gold Corp: Second Quarter Results & New Director

TORONTO, ONTARIO--(CCNMatthews - Aug. 26, 2005) - Plato Gold Corp (TSX VENTURE:PGC) is pleased to announce the second quarter financial results for fiscal 2005 and year end 2004 as summarized below:

Three Months Ended Six Months Ended
(unaudited) (unaudited)
--------------------- --------------------
June 30, June 30, June 30, June 30,
2005 2004 2005 2004
Revenue $ 1,406 $ - $ 1,406 $ -
Loss for the period $ 323,790 $ 36,264 $ 340,668 $ 55,814
Loss per common share
Basic $ 0.02 $ - $ 0.02 $ -
Diluted $ 0.02 $ - $ 0.02 $ -
Weighted average number
of common shares
outstanding during the
Basic 17,115,956 13,824,414 15,566,586 13,824,414
Diluted 16,648,826 13,824,414 15,331,730 13,824,414

Plato Gold Corp. is pleased to announce the appointment of Mr. Luis H. Navas, as Director and Chair of the Board. Mr. Navas is a Senior Vice President and Managing Director of Executive Risk Governance Advisors, a division of Executive Risk Service Ltd., where he has global responsibility for the Executive Compensation and Board Effectiveness Group. He has served for nearly 15 years as an advisor to the top management and boards of major corporations around the world.

At the board meeting of August 25, 2005, the board of directors accepted the resignation of Mr. Robert Ginn. Mr. Ginn has accepted the role of senior officer for another mining company. We want to thank Mr. Ginn for his valuable contributions to the company and wish him well in his new endeavours.

Plato Gold Corp. is a Canadian junior gold exploration company listed on the TSX Venture Exchange. The Company's current focus is on exploration in Northern Ontario which includes four properties (Guibord, Harker, Holloway and Marriott) in what is sometimes referred to as the Harker/Holloway gold camp. Several junior, intermediate and senior companies are active in this camp located east of Timmins, Ontario. Plato Gold Corp. is in the early stage of exploring its project.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Plato Gold Corp.
    Anthony Cohen
    President and Chief Executive Officer
    (416) 968-3337
    (416) 968-3339 (FAX)
    Plato Gold Corp.
    Suite 300, 1300 Bay Street
    Toronto, Ontario M5R 3K8