Ghana Operations Progress Report

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
28 April 2008
             Goldplat plc ('Goldplat' or 'the Company')
                 Progress Report on Ghana Operations
                                   
Goldplat plc, the AIM  listed gold producer,  is pleased to  announce
that its gold recovery plant in  Ghana, operated by its wholly  owned
subsidiary Gold  Recovery Ghana  Limited  ("GRG"), has  extended  its
agreement with Anglogold Ashanti ('Anglogold') to acquire  stockpiles
of fine carbon on an open-ended basis. Additionally an agreement  has
been  made  with  other  parties  to  purchase  three  large  surface
stockpiles totalling 37,000 tonnes  of material estimated to  contain
up to 7,465  oz of gold  based on assays  of representative  samples.
Operations at the plant are progressing well with the carbon in leach
circuit ("CIL") processing surface material at full capacity and  new
equipment  has  been  purchased  to  reduce  costs  and  improve  the
efficiency of material handling.
 
Goldplat CEO Demetri Manolis said,  "We have made excellent  progress
with the  development of  our gold  recovery operation  in Ghana  and
secured a significant supply of  materials to process in the  future.
The success of our recovery businesses in South Africa and Ghana  are
key to our strategy  of creating a  mid-tier mining-house focused  on
gold  production.   With  revenues   increasing  at   both   recovery
operations, we  are ideally  placed to  advance our  gold  production
project in Kenya and explore new acquisition opportunities throughout
Africa."
 
Raw Materials
 
The Company has extended its on-going agreement with Anglogold, which
was due to expire at the end of April 2008, for the recovery of  gold
from fine carbon materials and mill liners from the mining process on
an open-ended basis.  A  30 day notice  period has been  incorporated
into the contract.   In addition,  GRG has signed  an agreement  with
another party to  purchase a further  three large surface  stockpiles
providing approximately an extra 37,000 tonnes of material  estimated
to contain up to 7,716 oz  of gold based on assays of  representative
samples. GRG now has 89,000  tonnes of artisanal tailings  stockpiled
estimated to contain up to 35,365 oz, based on representative samples
of gold, which exceeds nine years of current production capability.
 
In addition,  the supply  of  mill liners  and fine  carbon  material
continues to be robust as Goldplat establishes new relationships with
mining houses  in Ghana  and neighbouring  countries, evaluating  all
stockpiles offered to determine their economic value.
 
Processing
 
GRG's operating facility  continues to  perform buoyantly  processing
the surface material  through the gravity  concentration circuit  and
the CIL  circuit  on  a  24-hour, three  shift,  six  days  per  week
operation. The first batch of loaded carbon was removed from the  CIL
circuit and sent  to its  strategic partner, Rand  Refinery Ltd,  for
gold recovery. 
 
The Company has also purchased a forklift truck and a small front end
loader to improve the efficiency of material handling at its Ghanaian
operations and, subsequently, reduced costs.
 
Improvements
 
GRG is ordering  a new  incinerator for  the processing  of the  fine
carbon, which should be operational by the end of the year. This will
reduce processing costs  and ensure that  the Company is  competitive
when bidding for future fine carbon contracts.
 
Relationships with the Authorities and Clients
 
GRG is committed  to building  relationships with  both national  and
local authorities as well as mining companies in order to expand  its
supplier base in Ghana and West Africa.  To this end, the Company  is
in discussions with various relevant parties from neighbouring states
including Mali and Guinea.  
 
                            * * ENDS * *
 
For further information visit www.goldplat.com or contact:

Demetri  Manolis, CEO            Goldplat plc          Tel:  +27   11
                                                       423 1203
James Joyce                      WH Ireland Limited    Tel: [phone]
                                                       1666
Isabel Crossley/Felicity Edwards St  Brides  Media   & Tel: [phone]
                                 Finance Ltd           1177

 
Notes
Goldplat plc  is  an  AIM-listed gold  producer  with  operations  in
Africa. Its strategy is to create a mid-tier mining house focused  on
gold production  leveraged through  revenue generated  from its  gold
recovery businesses.  
 
The Company  has two  recovery business  based in  South African  and
Ghana, which, by  safely disposing of  mining by-products, fulfil  an
important aspect of the mines' environmental management  programmes. 
The South African plant is located  near the centre of the East  Rand
Goldfield and raw material  feedstocks are sourced  from many of  the
major South  African mining  companies including  Anglogold  Ashanti,
Goldfields, Harmony,  DRD Gold  and  other smaller  producers,.   The
Ghana plant, located in the free port of Tema, provides access to raw
materials from  mines  in Mali,  Guinea,  Burkina Faso,  Benin,  Cote
D'Ivorie, Senegal, the DRC and Mauritania, as well as Ghana.
 
Goldplat is expanding  into gold  mining through  the acquisition  of
known deposits with targets of between 200,000 and one million ounces
of ore contained.  To this end, in  a 50/50 JV, it is developing  the
potential of the highly prospective 213 sq km Lolgorien licence  area
located in the historically producing Migori Archaean Greenstone Belt
in western Kenya, with a view  of establishing a mining operation  in
the short term.  A number  of other potential projects across  Africa
are under review. 
 
 
 

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