Plate Resources Inc. announces letter of intent with 1713425 Alberta Ltd. and appointment of new Director
January 6, 2014 – Vancouver, British Columbia. Plate Resources Inc. (the "Company") (TSXV- "PLR") announces that it has entered into a preliminary letter of intent with 1713425 Alberta Ltd. ("ABco") under which it has agreed, subject to certain conditions precedent including completing final due diligence and entering into a definitive assignment agreement, to take an assignment of ABco's exclusive right to farm-in for a 50% interest in Section 30-046-01 W5M-PNG in Cardium, Alberta (the "Farmout Lands"), by paying 50% of all costs on the Farmout Lands. The 50% interest is subject to a gross over-riding royalty of 5.5% (net 2.75%) to Mosaic Energy Inc. and Lightstream Resources Partnership. ABco has secured the farm-in right under a Participation Agreement with Calgary based Scollard Energy Inc. ("SEI") which will be the designated operator.