Gold Production Business' in South Africa and G...

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                 23 August 2011
                   Goldplat plc ('Goldplat' or 'the Company')
     Gold Production Business' in South Africa and Ghana Continue to Expand

Goldplat  plc, the AIM quoted gold producer,  is pleased to announce that it has
signed a Letter of Intent ('LOI') with DRD Gold SA ('DRD Gold'), a mid-tier gold
producer,  securing further feedstock for the Company's South African operation,
Goldplat  Recovery (Pty) Ltd ('Goldplat  Recovery').  The agreement enhances the
Company's  relationships  with  gold  miners  in  South Africa, (current clients
include  AngloGold Ashanti,  Goldfields, Harmony,  and other smaller producers),
and provides additional feedstock for its expanding recovery operation.

Under  the terms of the LOI, Goldplat Recovery will initially undertake analysis
of  all of surface reserves  from DRD Gold's East  Rand Proprietary Mines (ERPM)
operation,  including old shaft areas, railway  lines and the gold plant itself,
following  which  contracts  will  be  signed  based  on the volumes, grades and
recovery for the viable reserves established.

In  Ghana, Goldplat's second gold recovery  business Gold Recovery Ghana Limited
('GRG') is making solid progress in the expansion of the business and processing
operation.   The Company  is currently  in discussions  with West African mining
companies  in  Mali  and  Burkina  Faso  regarding  the  acquisition  of further
processing  by-products for gold recovery.  In light of this, Goldplat is set to
order  an additional furnace to be installed by Q1 2012 to enable the Company to
increase  GRG's gold processing capacity, which  will be funded by internal cash
flow.  The Company will update the market on these developments in due course.

Goldplat's  CEO Demetri Manolis  said, "We continue  to expand our gold recovery
business' and build relationships within our core market areas.  Gold production
for  the  year  to  30 June  2010 was  21,461 ounces  and  we  believe that with
additional  contracts we will  continue to build  on our performance and further
increase  production.   We  look  forward  to  publishing  our  final results in
September  2011 which will highlight the strong growth and in turn profitably of
the Company."

                                  * * ENDS * *

For further information visit www.goldplat.com or contact:
Demetri  Manolis, CEO Goldplat plc                  Tel: [phone]

James Joyce           WH Ireland Limited            Tel: [phone]

Felicity Edwards      St Brides Media & Finance Ltd Tel: [phone]

Hugo de Salis         St Brides Media & Finance Ltd Tel: [phone]


Notes

Goldplat  plc is  an AIM-listed  gold producer  with operations  in Africa.  Its
strategy  is to consolidate its position as  a gold producer in Africa and build
itself into a mid-tier gold company.

The  Company has two recovery businesses based in South Africa and Ghana, which,
by safely disposing 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'Ivore, Senegal, the DRC and
Mauritania, as well as Ghana.

Goldplat's  strategy is to  build itself into  a mid-tier gold producer, through
the  acquisition  of  known  deposits  with  targets  of between 200,000 and one
million  contained  ounces.   Kilimapesa  Gold  is  a wholly owned subsidiary of
Goldplat and is developing the potential of the 213 sq km Lolgorien licence area
located in the historically producing Migori Archaean Greenstone Belt in western
Kenya.   Kilimapesa  Gold  commenced  initial  production in January 2009 and an
aggressive  exploration  and  development  programme  resulted  in a maiden JORC
compliant resource being reported in October 2009.

Goldplat  also has an  option over the 246  sq km Nyieme Gold Project located in
Burkina Faso, which includes known high-grade quartz vein structures, with drill
core results showing  up to  17.83 g/t gold  over one  metre and  11.67 g/t over
five metres.  A maiden resource was announced in December 2010 of 685,000 tonnes
at  2.61 g/t  Au  for  57,501oz Au  at  a  cut-off  grade  of 1.0 g/t Au for all
categories  and  an  exploration  programme  is  currently  in progress which is
intended to increase this resource.

Additionally,  the  Company  has  acquired  the  Banka  Mining Lease, a ten year
renewable  mining lease for gold and associated minerals covering an area of 29
sq km located in the Amansie East and Asante Akim South Districts of the Ashanti
Region  of the  Republic of  Ghana.  The  Company is  now implementing a defined
development plan with a view to proving a JORC compliant resource.







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Source: Goldplat plc via Thomson Reuters ONE

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