diff --git a/ChangeLog b/ChangeLog
index 0ae4163a..7dd3be0d 100755
--- a/ChangeLog
+++ b/ChangeLog
@@ -44,6 +44,7 @@ Features:
     * :issue:`373` - Switch over to using Flake8 for PEP8 and style compliance
     * :pr:`375` - Redis cache handler support
     * :issue:`379` - Support for alternative config file extensions
+    * :issue:`380` - Support for Cython/Compiled Plugins
     * :issue:`389` - ConfigObj support for Python 3
 
 Refactoring;
diff --git a/cement/core/foundation.py b/cement/core/foundation.py
index 5ac32ca4..b71514b4 100644
--- a/cement/core/foundation.py
+++ b/cement/core/foundation.py
@@ -15,7 +15,7 @@ from ..utils import fs
 # The `imp` module is deprecated in favor of `importlib` in 3.4, but it
 # wasn't introduced until 3.1.  Finally, reload is a builtin on Python < 3
 pyver = sys.version_info
-if pyver[0] >= 3 and pyver[1] >= 1:                # pragma: nocover  # noqa
+if pyver[0] >= 3 and pyver[1] >= 4:                # pragma: nocover  # noqa
     from importlib import reload as reload_module  # pragma: nocover  # noqa
 elif pyver[0] >= 3:                                # pragma: nocover  # noqa
     from imp import reload as reload_module        # pragma: nocover  # noqa
diff --git a/cement/ext/ext_plugin.py b/cement/ext/ext_plugin.py
index 90ab2963..f783e443 100644
--- a/cement/ext/ext_plugin.py
+++ b/cement/ext/ext_plugin.py
@@ -163,33 +163,31 @@ class CementPluginHandler(plugin.CementPluginHandler):
 
         """
 
-        paths = [
-            os.path.join(plugin_dir, "%s.py" % plugin_name),
-            os.path.join(plugin_dir, plugin_name, "__init__.py")
-        ]
+        # FIX ME: `imp` is deprecated in Python 3.4 and will be  going away
+        # so we need to update forward compatibility for ``importlib``.
+        #
+        # See: https://github.com/datafolklabs/cement/issues/386
 
-        for path in paths:
-            LOG.debug("attempting to load '%s' from '%s'" % (plugin_name,
-                                                             path))
-            if os.path.exists(path):
-                # We don't catch this because it would make debugging a
-                # nightmare
-                #
-                # FIX ME: `imp` is deprecated in Python 3.4 and will be 
-                # going away... need to update forward compatibility for 
-                # ``importlib``.  
-                #
-                # See: https://github.com/datafolklabs/cement/issues/386
-                f, path, desc = imp.find_module(plugin_name, [plugin_dir])
-                mod = imp.load_module(plugin_name, f, path, desc)
-                if mod and hasattr(mod, 'load'):
-                    mod.load(self.app)
-                return True
+        LOG.debug("attempting to load '%s' from '%s'" % (plugin_name,
+                                                         plugin_dir))
 
-        LOG.debug("plugin '%s' does not exist in '%s'." %
-                  (plugin_name, plugin_dir))
+        if not os.path.exists(plugin_dir):
+            LOG.debug("plugin directory '%s' does not exist." % plugin_dir)
+            return False
 
-        return False
+        try:
+            f, path, desc = imp.find_module(plugin_name, [plugin_dir])
+        except ImportError:
+            LOG.debug("plugin '%s' does not exist in '%s'." %
+                      (plugin_name, plugin_dir))
+            return False
+
+        # We don't catch this because it would make debugging a
+        # nightmare
+        mod = imp.load_module(plugin_name, f, path, desc)
+        if mod and hasattr(mod, 'load'):
+            mod.load(self.app)
+        return True
 
     def _load_plugin_from_bootstrap(self, plugin_name, base_package):
         """