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Plate Resources Inc. Announces Shares for Debt

July 29 , 2016 – Plate Resources Inc. (TSX-V: PLR) (the "Company") announces subject to the acceptance for filing of the regulatory authorities, the Company has agreed to issue a total of 2,486,020 shares at the price of $0.05 per share in satisfaction of debts owing to various creditors in the aggregate amount of $124,301.00. The Company expects that the proposed debt settlement will enable the Company to achieve a positive working capital position.

 

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. For further information, please visit www.plateresourcesinc.com

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Harry Katevatis” President

NEITHER THE TSX VENTURE EXCHANGE, NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE