Plato Gold Corp.: Threegold Resources Terminate Its Option on Hop O'My Thumb and Vauquelin Claims

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 reports that
Threegold Resources Inc. ("Threegold") has opted to terminate its option to earn
up to 75% of the Hop O'My Thumb and Vauquelin properties of Plato. 


In accordance with the Option Agreement of November 15, 2010, Plato has received
from Threegold, a total of $100,000 in cash payments in the past two years plus
exploration expenditures on the properties.


"The current market conditions are challenging for everyone in our sector and we
understand the difficult decision made by Threegold. We are pleased to maintain
100% interest in the property and are currently in discussion with other
interested parties on possible option agreement with these and other claims in
our Val d'Or properties. When we successfully complete our next option agreement
we will be creating further value for our shareholders," said Anthony Cohen,
President of Plato Gold Corp.


Plato will endeavour to continue exploration activities in the Val d'Or region
either directly or via option agreements. 


For full details, please visit us at www.platogold.com.

About Plato Gold Corp.

Plato is a Canadian 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 4 properties: Guibord, Harker, Holloway
and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario.
In November 2010, Plato signed an agreement granting St Andrew Goldfields Ltd.
the option to earn a 75% interest in the above properties. Currently two
properties Holloway and Marriott remain in good standing. In July 2012, Plato
sold 50% interest in the Guibord property to Victory Gold Mines Inc.


The Northern Quebec project includes 7 properties: Nordeau Bateman, Vauquelin,
Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain, Hop O'My Thumb and
Vauquelin II. All 7 properties are located near Val d'Or, Quebec. 


Plato is in the advanced exploration stage on the Nordeau West site with a NI
43-101 compliant gold resource reported on March 12, 2009. Highlights of the
Nordeau West mineral resource update include:




i.  indicated resources of 30,212 oz Au on average grade of 4.17 g/t and
    225,342 tonnes; and 
ii. inferred resources of 146,315 oz Au on average grade of 4.09 g/t and
    1,112,321 tonnes. 



In Argentina, Plato holds 75% of interest in the Lolita Property comprised of a
number of contiguous mineral rights totaling 27,857 hectares. Work is advancing
on this property with a drill program anticipated for 2013 subject to available
financing.


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 regarding the, potential mineralization and resources, exploration
results, and future plans and objectives. 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: 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. The Company 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Plato Gold Corp.
Anthony Cohen
President and CEO
416-968-0608
416-968-3339 (FAX)
info@platogold.com
www.platogold.com
Plato Gold (TSXV:PGC)
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