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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Toronto, Sept. 09, 2026 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) announces that it intends to complete a non-brokered private placement of up to 3,000,000 flow-through common shares of the Company (the “FT Shares”) at a price of $0.05 per FT Share for aggregate gross proceeds of up to $150,000 (the “Offering”). No warrants will be issued under the Offering.

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Each FT Share will be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (the “Tax Act”). The Company intends to use the gross proceeds of the Offering to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures,” as those terms are defined in the Tax Act, in connection with exploration activities at the Company’s Pic River Platinum Group Metals Project near Marathon, Ontario. The Company intends to incur these expenditures on or before December 31, 2026 and to renounce them to subscribers with an effective date no later than December 31, 2026 under the general renunciation rule.

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The Company intends to complete the Offering as soon as practicable following receipt of acceptance from the TSX Venture Exchange (the “Exchange”) and satisfaction of the applicable closing conditions. The Offering may be completed in one or more closings. Completion remains subject to Exchange acceptance and satisfaction of all other applicable regulatory requirements. All FT Shares issued under the Offering will be subject to a statutory hold period of four months and one day from the applicable closing date.

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The Company may pay cash finder’s fees to eligible finders in respect of subscriptions introduced under the Offering, subject to agreement on the terms, applicable securities laws and Exchange acceptance. No finder’s fee arrangement has been entered into as of the date of this news release, and no finder’s fee will be paid in respect of Mr. Cohen’s subscription described below.

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Insider Participation and MI 61-101

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Anthony Cohen, President, Chief Executive Officer and a director of the Company, currently expects to subscribe personally for up to 600,000 FT Shares for aggregate consideration of up to $30,000.

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Mr. Cohen currently beneficially owns, or exercises control or direction over, 57,138,311 common shares of the Company, representing approximately 24.77% of the 230,665,717 common shares currently outstanding, and holds options to acquire an additional 3,500,000 common shares. Assuming the Offering is fully subscribed and Mr. Cohen subscribes for 600,000 FT Shares, he would beneficially own, or exercise control or direction over, 57,738,311 common shares, representing approximately 24.71% of the 233,665,717 common shares then outstanding, before giving effect to the exercise of any options. Mr. Cohen is already a Control Person of the Company, and his proposed participation will not create a new Control Person.