GHANA OPERATION

Goldplat plc
16 October 2006

     Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration



16th October 2006

                   Goldplat plc ('Goldplat' or 'the Company')

                        Establishment of Ghana Operation



Goldplat plc, the AIM-traded producer of gold and platinum group metals ('PGM')
recovered from by-products of the mining process, is pleased to announce that
construction work has now commenced in Ghana on the Group's second gold
processing plant, following the completion of the acquisition of a 4.25 acre
site in the free zone port of Tema. The expansion represents the next step in
the Company's development plans, aimed at building Goldplat into a mid-tier gold
producing mining house backed by the revenue generated from processing
operations.



The new processing plant will replicate Goldplat's South African processing
operation which has contracts with the leading mining companies in the areas of
both gold and PGM. It will provide access to raw materials from mines in Mali,
Guinea, Burkina Faso, Benin, Cote D'Ivorie, Senegal, the DRC and Mauritania, as
well as Ghana itself. The leasehold rights were acquired from the Tema
Development Corporation for the cash consideration of USD 200,000 through the
Company's wholly owned subsidiary Gold Recovery Ghana Limited ('GRG'). The lease
is for an initial period of 60 years with an option to renew for another 20
years. The establishment of the new plant in the free port also brings with it
substantial tax benefits.



The Group has made contact with the major gold producing companies in Ghana as
well as various smaller gold operations to ensure the project's feasibility.  In
all cases the by-product material produced from these companies' operations is
suitable for the project in Tema. The Group will also be looking to sell scrap
metals produced as a by-product in Goldplat's processing circuit with three
smelters having already confirmed interest.



The Directors anticipate that the plant in Tema should be able to commence
operations by the end of 2006. The first operations will be the cleaning of
rubber and steel liners to produce a concentrate for export. The cleaned
aluminium and steel will be sold locally.  In addition, under existing
agreements with local mines, fine activated carbon collected from mines is
already being exported for processing to the Company's other wholly owned
subsidiary, Goldplat Recovery (Pty) Ltd, in South Africa while the construction
of the fluidized bed in Ghana takes place. In this respect GRG has already
established its initial turnover.



Goldpalt CEO Demetri Manolis said: 'We are pleased to have secured the site
identified for our Ghana operation and to have commenced work on the
establishment of our plant there. It is our intention to build an African based
gold producing mining group. The establishment of a second processing operation
in Ghana means that we will have a foundation that will provide us with
significant revenue to finance this growth strategy.  A Ghana facility not only
complements our South African operation but will also enable us to open further
avenues and relationships. We are already assessing a number of interesting
acquisitions in the mining area which will help us fulfil our ambitions.'



                                  * * ENDS * *



For further information please visit www.goldplat.com or contact:

Brian Moritz         Goldplat plc                      Tel: [phone]
Demetri Manolis      Goldplat plc                      Tel: [phone]
                                                       Mob: [phone]
Hugo de Salis        St Brides Media & Finance Ltd     Tel: [phone]
Felicity Edwards     St Brides Media & Finance Ltd     Tel: [phone]
Luke Cairns          HB Corporate                      Tel: [phone]



Notes:

Goldplat was incorporated on 24th January 2005 and listed on AIM 26th July 2006.
The Company through its wholly owned subsidiary is currently a market leader in
the recovery of gold and platinum group metals from metallurgically-challenging
materials consisting primarily of by-products from gold and platinum mines in
South Africa.



Significant stockpiles of gold bearing materials exist on mine sites, which have
been enriched rather than depleted during mining, but which cannot be profitably
processed by individual mines. Mines need an economic method to dispose of such
material while adhering to environmental obligations. By providing a channel for
mines to generate revenue from waste material and save on disposal cost means
that a recovery operation is profitable given the Group's economies of scale.



The management team has vast experience in mining and the extraction of precious
metals, they have in turn established strong relationships with many of the
major mining houses. Goldplat additionally have contracts with the majority of
the world's leading mining companies, including Anglogold Ashanti, Goldfields,
Harmony and Bema for gold and Impala Platinum, Lonmin and Angloplats on the PGM
side.



It is Goldplat's business strategy to replicate the South African recovery
business model in Ghana where there are again significant mining operations that
can benefit from the recovery process. The Company's focus is to use revenues
from both the South African and Ghana plants to identify and acquire further
gold mining assets in the future. It is Goldplat's objective to become a leading
gold exploration and production vehicle in Africa.


                      This information is provided by RNS
            The company news service from the London Stock Exchange