Mining Licence Received at Kilimapesa Kenyan Go...

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
23 November 2011
Goldplat plc ('Goldplat' or 'the Company')
Mining Licence Received at Kilimapesa Kenyan Gold Project

Goldplat plc, the AIM quoted gold producer, is pleased to announce that a 21 year Mining Lease for Kilimapesa Gold Mine ('Kilimapesa') has been issued by Kenya's Minister for Environment and Mineral Resource and was presented today at a ceremony in Nairobi, to the Chief Executive of Kilimapesa, Mark Austin.  Kilimapesa will be Kenya's first gold project to receive a Mining Lease since independence in 1963.

Exploratory underground development at the mine is progressing well with two auriferous quartz veins being extended on strike to the east.  The diamond drill exploration programme results to date remain encouraging and a further announcement will be made once all results are received.

Goldplat CEO Demetri Manolis said, "Goldplat would like to thank the Honourable John Michuki, Minister for Environment and Mineral Resources, and all his colleagues at the Ministry for their assistance in finalising the Mining Lease.  We look forward to intensifying the mine's development and the erection of the elution plant which will enable us to produce gold bullion in the near future on site.  This production will complement our existing producing operations in South Africa and Ghana."

Qualified Person

This announcement has been reviewed by Mr. Mark Austin, the group geologist for Goldplat who has more than 25 years of relevant experience in the field of activity concerned.  He is a fellow of the Geological Society of South Africa ('GSSA') and has consented to the inclusion of the material in the form and context in which it appears.

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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]

Notes

Goldplat plc is an AIM-listed profitable, debt free gold producer and mine development company focussed in Africa.  The Company has a solid portfolio of assets which includes two gold recovery operations in South Africa and Ghana which takes by-products from the mining process and processes them to recover gold and produced c.28,000 ounces of gold FY 2011.  In addition Goldplat has three brownfield gold development projects in Kenya, Ghana and Burkina Faso with near term resource upgrade and production potential.

Goldplat aims to have delineated in excess of 1 million ounces of resources from its three gold mining development projects by H1 2012.  In line with this, the Company has implemented defined exploration and development programmes across each of its projects with the view of developing multiple profitable mining operations in the near to medium term.  

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Source: Goldplat plc via Thomson Reuters ONE

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