Plateau Uranium Proposes to Issue Shares to Settle Debt

TORONTO, ONTARIO -- (Marketwired) -- 06/26/15 -- Plateau Uranium Inc. (TSX VENTURE: PLU) (FRANKFURT: QG1) ("Plateau Uranium" or the "Company") today announced that, subject to regulatory approval, it is proposing to issue 277,777 common shares to Cantor Fitzgerald Canada Corporation ("CFCC") at a deemed price of $0.45 per share to settle in part an advisory fee payable to CFCC in connection with the Company's September 2014 acquisition of uranium properties in Peru from Azincourt Uranium Inc. The balance of the fee and reimbursement of certain expenses will be paid in cash. Shares issued under the debt settlement transaction will be subject to a 4-month hold period.

About Plateau Uranium

Plateau Uranium Inc. is a Canadian uranium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru and mineral concessions that cover over 100,000 hectares (1,000 km2) situated near significant infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU' and the Frankfurt Exchange under the symbol 'QG1'. The Company has 40,362,086 shares outstanding. For more information please visit www.plateauuranium.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Plateau Uranium Inc.
Ted O'Connor
CEO
+1-416-628-9600
[email protected]

Website: www.plateauuranium.com
Facebook: www.facebook.com/plateauuranium/
Twitter: www.twitter.com/plateauuranium/

Source: Plateau Uranium Inc.

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