PGC Plato Gold Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES.

Plato Gold Corp. (TSX VENTURE:PGC) ("Plato" or the "Company") an exploration
company with a portfolio of properties in significant gold mining camps in
Northern Ontario, Northern Quebec, and Santa Cruz, Argentina announces the next
stage of their exploration plan on the Lolita Property in Santa Cruz, Argentina,
is currently underway.


"We are looking forward to advancing the Lolita Project and developing its
potential," said Anthony Cohen, President and CEO of Plato. "With the recent
success of our neighbours Argentex and Hunt Mountain Resources with El Pinguino
and La Josefina, respectively, as well as other companies in Santa Cruz such as
Minera Andes and Andean Resources developing exciting mineral projects, we feel
that the Lolita Project has very exciting potential for our Company."


"With a new NI 43-101 compliant inferred resources of 146,315 oz Au on average
grade of 4.09 g/t in our Val d'Or Project in Quebec, the exciting potential of
the Lolita Project in Santa Cruz, and our original Timmins Gold Project, I
believe that Plato has three world class exploration projects with great
opportunity to add value for our shareholders," said Mr. Cohen.


Dr. Lhotka, a joint venture partner in the project, added: "In the past decade,
the Province of Santa Cruz in Argentina has emerged as one of the most
successful districts for mineral exploration in South America. It has attracted
interest from junior and senior exploration companies worldwide resulting in the
construction of four new precious metal mines. I am pleased to have the
opportunity to work with Plato Gold on the Lolita Property."


Development in this mining district is relatively new and has been expanding
over the past ten years. Dr. Lhotka staked the Lolita Property based upon a
compilation of public data. The area is sparsely inhabited, semi-arid, treeless
and has low topographic relief of plains and low hills. The climate is cool and
dry. Access to the Lolita Property is by gravel provincial highway that runs
adjacent to the Lolita Property that is also traversed by numerous local dirt
roads.


The Lolita Property is located in a geological province hosted by Jurassic-aged
rocks of the Deseado Massif. Most of the Lolita Property is mapped as being
underlain by the Bajo Pobre and Chon Aike Formations of the Jurassic age.


Initial work on the property was reported on in a news release of November 28,
2007. That program of work recognized three distinct, previously unknown,
hydrothermal structures with brecciation and veining with strongly anomalous
mercury, arsenic and antimony values in rock samples. The work suggested that
the hydrothermal structures represent the shallow levels of an epithermal
system.


The current campaign plans to complete first-pass prospecting over the remainder
of the property and also more detailed sampling along strike of, and between,
the three zones previously recognized.


Paul G. Lhotka, Ph.D., P. Geo is responsible for the technical contents of this
news release. Dr. Lhotka is President of Minera Latina S.A. and is based in
Mendoza, Argentina.


About Plato Gold Corp.

Plato Gold Corp. is a Canadian junior gold exploration company listed on the TSX
Venture Exchange with exploration projects in Northern Ontario, Northern Quebec
and the Lolita Property in the province of Santa Cruz, Argentina. The Northern
Ontario project includes 5 properties: Guibord, Harker, Harker-Garrison,
Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins,
Ontario. The Northern Quebec project includes 7 properties: Nordeau Bateman,
Vauquelin, Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain, Hop O'My
Thumb and Once Upon a Time. All 7 properties are located near Val d'Or, Quebec
and Plato is in the advanced exploration stage on the Nordeau West site with a
NI 43-101 compliant gold resource, with the remaining sites at the early
exploration stage. In Argentina, the Lolita Property is comprised of 3
contiguous concessions and initial work has been started on this property. For
additional company information, please visit: 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 concerning the business, operations and financial performance and
condition of Plato and Plato's proposed repayment of indebtedness.
Forward-looking statements include, but are not limited to, statements with
respect to the benefits of the exploration activities or geological potential.
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, use of proceeds, 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 offering 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, whether as
a result of new information, future events or otherwise, except in accordance
with applicable securities laws.

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