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Plate Resources Inc. Announces Shares for Debt

August 29, 2016 - VANCOUVER, BRITISH COLUMBIA. – Plate Resources Inc. (TSX-V: PLR) (the “Company”) announces, further to its news release of July 29, 2016, the completion of the shares for debt transaction.
The Company has issued 2,486,020 common shares at the price of $0.05 per share for settlement of $124,301.00 of outstanding debt to 5 (five) Creditors, including the following Insider participants.

Creditor                                                Amount owed              Shares issued

Columbia Capital Inc.                             $26,801.00                   536,020

JNS Global                                             $17,500.00                   350,000

Vivkor Holdings Inc.                              $17,500.00                   350,000

Lakithra Management                           $17,500.00                   350,000

Marc Melnic                                          $45,000.00                   900,000


ON BEHALF OF THE BOARD


“Signed”
Ruben Verzosa

Interim Chief Executive Officer and Director


About Plate Resources Inc:
Plate Resources Inc. (TSX-V: PLR) is a Canadian based company with a project generator business model. Although the Company’s primary business focus since formation has been the exploration of mineral properties, it is now seeking new business opportunities that offer the potential for near term cash flow to create shareholder value.

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