Final Results

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
17 September 2007
             Goldplat plc ('Goldplat' or 'the Company')
                        Preliminary  Results

Goldplat plc, the AIM  listed gold producer,  is pleased to  announce
its preliminary results for year ended 30 June 2007.

Overview


  * Pre-tax profits of £751,000 for the year ended 30 June 2007, and
    an after tax profit of £569,000
  * Healthy cash position with £1,222,000 in the bank
  * Expanding into gold mining initially through the joint venture to
    develop targets within historically producing Migori Archaean
    Greenstone Belt in western Kenya - focused on rapidly commencing
    mining
  * Reviewing a number of other projects across Africa
  * Stepped up production and profitability at South African plant
    through investment in new and the upgrading of existing machinery
  * On track to bring new plant in Ghana into full production in
    first half 2008


Chairman's Statement

I am pleased to report Goldplat's final results for the year ended 30
June 2007.  Since our flotation on  AIM in July 2006 the Company  has
made great progress, developing its recovery business and taking  its
first step towards becoming a junior mining company.

Our strategy  has  always  been  to create  a  junior  mining  house,
focussed on gold production and  underpinned by revenue secured  from
our recovery business, through a three-phased approach:

*       Firstly to increase efficiency and flexibility of South
  African processing plant
*       Secondly to develop a complementary processing plant in Ghana
  to meet demand primarily from West African gold mines; and
*       Thirdly to expand into gold mining through the acquisition of
  known deposits with targets of between 200,000 and two million
  ounces of gold contained.

To this  end,  with  phase  one  completed  and  phase  two  due  for
completion this year, we are now focused on phase three.  Led by  our
CEO, Demetri Manolis, who has  managed various gold mining  companies
both public and private, our management team is particularly  skilled
in the gold mining sector and has the capabilities to grow this  side
of the business rapidly.

We continue  to  examine  mining projects  across  Africa,  which  we
believe can be  brought rapidly into  production.  In  July 2007,  we
signed a our  first joint venture  agreement with International  Gold
Exploration AB, a Swedish mineral  exploration company quoted on  the
Oslo Stock Exchange,  to develop  the gold potential  of ten  targets
totalling approximately  14 sq  km selected  by Goldplat  within  the
Lolgorien licence area in the historically producing Migori  Archaean
Greenstone Belt in western Kenya.   Using existing cash resources  we
are now  focused  on  rapidly defining  available  mineral  resources
through an extensive confirmatory exploration programme, with a  view
to commencing mining in the short term.

Other projects in South Africa, Kenya, Tanzania, Ghana and Mozambique
are  currently  under   review  and  I   look  forward  to   updating
shareholders in the near future on these.

Our recovery  businesses based  in  South Africa  and Ghana  go  from
strength to  strength.   Mining  operators,  required to  dispose  of
mining by products such as woodchips, fine carbon and waste grease in
an  environmentally-friendly  manner,  come  to  us  with  their  raw
materials.  Having first tested the  material, we then process it  to
recover the gold or PGM content.

During the  year  under review,  we  took  the decision  to  step  up
production and  profitability  at  our South  African  plant  through
investment in new  and the upgrading  of existing machinery.    I  am
delighted to say that this has  been very successful, as outlined  in
the operations review and highlighted by our results.

Significant progress  has also  been made  towards bringing  the  new
plant in Ghana into full production, which has enabled us to  process
fine carbon,  steel and  rubber mill  liners and  similar high  value
materials. The second phase of construction is now in progress and is
anticipated that the  plant will  reach its  full planned  production
capability in the first half of 2008.

Naturally, the procurement  of raw material  is an essential  element
for both recovery  businesses.   However, we  have a  steady flow  of
materials for processing through contracts  with a growing number  of
major  mining  companies  including  Anglogold  Ashanti,  Goldfields,
Harmony and Impala Platinum. In addition we have signed a cooperation
agreement with Rand Refinery Limited.

I am pleased to report pre-tax profits of £751,000 for the year ended
30 June 2007, and an after tax  profit of £569,000.  This profit  has
primarily generated from our South African recovery plant, which  has
increased its profit after tax by  a factor of seven compared to  the
previous year.  The Ghanaian subsidiary,  being in its first year  of
development, reported a net loss of only £32,476 of which £21,911 can
be ascribed to  unfavourable exchange rate  fluctuations on the  loan
from Goldplat plc.

Our cash position remained healthy with  £1,222,000 in the bank.   No
dividend is  proposed as  the profits  will be  retained for  further
expansion of the  Company's operations and  to accelerate our  growth
strategy.

When I look  back at the  year, I  am thrilled at  the progress  your
Company has made in such a short  time frame.  The team's energy  and
commitment has enabled Goldplat to develop at a rapid pace.

Brian Moritz
Chairman
14 September 2007

Operations report

This has  been  a very  exciting  year  for Goldplat  plc,  with  the
performance of the Company exceeding expectations.

While we remain focused on developing our recovery businesses, we are
also very excited to be moving into the gold mining arena, where  the
strong gold price makes our vision more attractive.  This strength in
the gold price has more to do with fundamentals, solid demand for the
metal, its intrinsic  attraction as  a store of  value and  perceived
scarcity of new resources.  Therefore, the small ore bodies which  we
are targeting are becoming increasingly interesting and profitable.

Operational performance

We continue  to  examine  mining projects  across  Africa,  which  we
believe can be  brought rapidly in  production.  South  Africa, as  a
country with a solid history of gold mining, good infrastructure,  an
experienced  workforce,   workable  legislation   and  an   area   of
significant scope,  remains an  area of  focus.   Other countries  of
focus to expand our mining activities are Kenya, Tanzania, Ghana  and
Mozambique.   In the  above mentioned  countries projects  have  been
identified and  are currently  under review  or in  advance state  of
negotiations.

In July  2007,  we signed  our  first joint  venture  agreement  with
International Gold  Exploration  AB  ('IGE'),  to  develop  the  gold
potential  of  ten   targets  within  the   Lolgorien  Licence.     A
confirmatory exploration programme  is currently underway  at six  of
the targets,  which were  adits from  previous mining  activities  or
surface reserves.  Several continuous  vein quartz targets have  been
identified, which have returned  values of up to  140 grams gold  per
ton.   There  is  also  considerable  data  available  from  previous
exploration programmes in the 1980s and 1990s.

A geophysical  programme conducted  by IGE  has confirmed  Goldplat's
choice of targets and is  confirming the geological model.   Goldplat
has also completed an evaluation  of several surface reserves in  the
immediate vicinity which returned values of up to 14 grams per ton.
These reserves are within 5 km of the metallurgical plant.

The adit evaluation affords  immediate access to continuous  exposure
plus they are available for mining should reserves be identified.

All surface  reserves have  been augured,  sampled and  surveyed.   A
total of  263 samples  have  been submitted  to SGS  Laboratories  in
Johannesburg.  Once values have  been received, the deposits will  be
modelled and resources calculated.  At  this point we expect to  have
measured resources for  the surface reserves  and have evaluated  the
quartz vein targets for further work.

In terms of the recovery businesses, the considerable improvements in
the operations made at our plant  in South Africa have given us  more
flexibility in the processing of new materials.  On the back of this,
the profitability of Goldplat Recovery has increased substantially.

As part of our strategy to  penetrate the by-products market in  West
Africa,  we  established  a  plant  in  Ghana,  Gold  Recovery  Ghana
Limited.  The first phase of  construction of the new plant has  been
completed and  limited production  including the  processing of  fine
carbon, rubber and steel liners has commenced.   The second phase  of
construction  is  in  progress,  with  the  ball  mill  and   gravity
concentrators already  installed and  commissioned  and a  carbon  in
leach plant is currently being installed.   The plant is expected  to
be in full production in the first half of 2008.

The  procurement  of  by-products   is  going  well  having   secured
additional raw materials  such as rubber,  steel liners, fine  carbon
from   a    growing   number    of   mining    companies    including
Anglogold-Ashanti, Central African  Gold, Redback  Mining and  Golden
Star. We also formed  a strategic alliance  with Rand Refinery  under
which Goldplat  has  first  right  of refusal  to  process  all  Rand
Refinery's by-products not suitable for its own refining process.  In
turn, Rand Refinery,  which already refines  the bullion produced  by
Goldplat in South Africa, has  exclusive rights to refine  Goldplat's
Ghanaian production.

Labour - Safety

Our safety  and  health  record remains  excellent.  No  accident  is
acceptable to us and we  will continue to aim  to eliminate them.   I
have given my personal support to our safety and health programme and
will hold our  managers accountable  for safety  performance. We  had
another year of good relations with our labour force.

Training - Welfare - Environment

The Company has an active  training programme and continued with  the
Adult Basic Education training of its workforce.  We have also agreed
to  sponsor  a  soccer  academy,  the  young  players  being  from  a
historically disadvantaged background  and will  continue to  sponsor
the tertiary education of selected individuals.

Our Environmental Management programme has been updated and submitted
to the Department of Minerals and Energy.

D.A. Manolis
Chief Executive Officer

14 September 2007


Consolidated and company balance sheets
as at 30 June 2007
                                                Group Company Company
                                                2007   2007    2006
                                                £'000  £'000   £'000
Assets
Non-current assets
Property, plant and equipment                   1,660       -       -
Goodwill                                        5,018       -       -
Investments                                     -      6,425        -
Loans to subsidiary companies                   -       377         -

                                                6,678  6,802        -
Inventories                                      418     -          -
Trade and other receivables                      885     8      24
Cash and cash equivalents                       1,303   698     17

                                                2,606   706     41

Total Assets                                    9,284  7,508    41

Equity and liabilities
Equity attributable to equity holders of the
company
Issued capital                                  1,090  1,090    50
Share premium                                   6,556  6,556     -
Retained earnings / accumulated losses           569   (163)   (18)
Exchange reserves                               (155)    -       -

Total Equity                                    8,060  7,483    32

Non-current liabilities
Provisions                                       31      -       -
Obligations under finance leases                 22      -       -
Deferred tax liabilities                         292     -       -

                                                 345     -       -

Current liabilities
Trade and other payables                         545    25       9
Obligations under finance leases                 67      -       -
Taxation                                         186     -       -
Bank overdraft                                   81      -       -

                                                 879    25       9

Total equity and liabilities                    9,284  7,508    41



The financial statements were approved by the Board of Directors  and
authorised for issue on 12 September 2007.


Consolidated income statement
for the year ended 30 June 2007
                                       2007
                                       £'000

Revenue from precious metals            4,962
Cost of sales                         (3,660)

Gross profit                            1,302

Administrative expenses                 (533)

Operating profit before finance costs     769

Finance income                             30
Finance expense                          (48)

Net finance costs                        (18)

Profit before tax                         751

Income tax expense                      (182)

Profit for the year                       569

Earnings per share
Basic                                    .58p
Diluted                                  .57p




Statement of changes in equity
for the year ended 30 June 2007

                           Share   Share   Retained Exchange
                           capital premium income   reserves    Total
Group                      £'000   £'000   £'000    £'000       £'000


Profit for the year        -       -       569      -           569
Issue of share capital     1,090   6,885   -        -           7,975
Costs associated with the
issue
of share capital           -       (329)   -        -           (329)
Exchange translation loss  -       -       -        (155)       (155)

Balance at 30 June 2007    1,090   6,556   569      (155)       8,060


                                   Share   Share    Accumulated
                                   capital premium       losses Total
Company                            £'000   £'000    £'000       £'000

Balance at 1 February 2006         50      -        -           50
Loss for the period                -       -        (18)        (18)

Balance at 30 June 2006            50      -        (18)        32
Loss for the year                  -       -        (145)       (145)
Issue of share capital             1,040   6,885    -           7,925
Costs associated with the
issue
of share capital                   -       (329)    -           (329)


Balance at 30 June 2007            1,090   6,556    (163)       7,483



Cash flow statement
for the year ended 30 June 2007
                                   Group Company       Company
                                                 5 month period ended
                                   2007   2007       30 June 2006
                                   £'000  £'000         £'000

Cash flows from operating
activities

Cash generated from operations      584   (134)          (34)
Financing income                    30     21             1
Financing costs                    (48)     -             -
Net cash flows from operating       566   (113)          (33)
activities

Cash flows from investing
activities

Proceeds from sale of property,     38      -             -
plant and equipment
Acquisition of property, plant and (457)    -             -
equipment
Net cash flows from investing      (419)
activities

Cash flows from financing
activities
Net proceeds on issues of share    1,671  1,671           50
capital
Acquisition of subsidiary          (500)  (500)           -
Net cash acquired from subsidiary   14      -             -
Loans to subsidiary                  -    (377)           -
Capital part of finance lease      (71)     -             -
payments
Net cash flows from financing      1,114   794            50
activities

Net increase in cash and cash      1,261   681            17
equivalents

Cash and cash equivalents at         -     17             -
beginning of year

Effect of exchange rate            (39)     -             -
fluctuation on cash held

Cash and cash equivalents at end   1,222   698            17
of year


Notes:


 1. The financial information contained in this announcement does not
    comprise full statutory accounts as defined by Section 240 of the
    Companies Act 1985.



 1. The financial statements have been prepared in accordance with
    International Financial Reporting Standards as adopted by the
    EU.  The financial statements have been prepared on the
    historical cost basis.

 2. No dividend is proposed in respect of the year.

 3. The annual General Meeting will be held on Friday 12 October 2007
    at 10.00am at St Brides Media and Finance Ltd, 38 Bow Lane,
    London, EC4M 9AY.


For further information visit www.goldplat.com or contact:
Demetri     Manolis,   CEO                                   Goldplat
plc                                          Tel: [phone]
James Joyce                                               WH  Ireland
Limited                              Tel: [phone]
David Porter                                              WH  Ireland
Limited                              Tel: [phone]
Isabel Crossley                            St Brides Media &  Finance
Ltd            Tel: [phone]

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