Nyieme Gold, Burkina Faso - Resource Statement

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                16 December 2010
                   Goldplat plc ('Goldplat' or 'the Company')
                 Nyieme Gold, Burkina Faso - Resource Statement

Goldplat  plc, the AIM  listed gold producer,  announces a maiden JORC-compliant
resource  at the first target  on the 246 sq km  Nyieme gold exploration project
('Nyieme')  located in  Burkina Faso  totalling 685,000 tonnes  at 2.61 g/t gold
('Au')  for 57,501 ounces  ('oz') Au  at a  cut-off grade  of 1.0 g/t Au for all
categories.   This  resource  has  been  calculated  over  an  initial 2 km of a
potential  8 km strike.   A third  exploration campaign  is planned  for January
2011 to  drill the entire  strike as well  as explore 11 additional target areas
previously  defined.   The  Board  believes  results  from such exploration will
significantly raise the resource.

The   JORC-compliant  resource  has  been  calculated  using  the  results  from
Goldplat's  2010 11 hole  diamond  drilling  campaign and 26 Reverse Circulation
('RC')  drill holes previously  completed by Sanu  Resources in 2008.  The total
estimated  resource includes an Indicated  mineral resource of 225,000 tonnes at
2.98 g/t Au for 21,557 oz Au and an additional 460,000 tonnes at 2.43 g/t Au for
35,937 oz Au within the Inferred category.

Goldplat's CEO Demetri Manolis said, "We are delighted to have produced a maiden
JORC  compliant resource at our first target  area at Nyieme, which gives us the
foundation  to further develop the project  and increase its resource.  To date,
at the first target area, we have only drilled along 2 km of the 8 km strike; it
is  our intention to continue exploration  work here and delineate a significant
resource  upgrade.  In addition  we have identified  an additional 11 targets on
the  project and will also begin exploration of these in January next year which
we  believe will further quantify the prospectivity  of the licence area and in-
turn add value to the Company."

Further Details

The area drilled covers a strike length of 2 km and is underlain by quartz veins
dipping at 50º to the south east.  The quartz veins vary in thickness from a few
centimetres  to  9 meters  and  lay  at  the  interface  of  greenstone volcanic
sediments  and  granitic  terrain.   This  interface  is  the target for further
exploration  looking for similar deposits as  the recently drilled target area.
It  is the Company's belief  that the resource could  potentially extend along a
strike potentially extend along a strike length of 8km.km

The  orebody  was  modelled  using  Datamine software, creating wireframe solids
which were then used to constrain the resource estimation.  Ordinary kriging was
the  estimation technique  used to  interpolate grades  into a three dimensional
blockmodel.   Outlier  analysis  determined  that  any sample value greater than
10.0g/t Au  be trimmed  to that  threshold; effecting  only 2.14% of  the sample
population.   Model block size chosen was 2m x 1m x 2m (x, y, z), for a total of
21,622,578 blocks in the project area.

The determination of the resource classification is as follows:

  * Indicated - resources estimated using a search ellipsoid of equivalent to
    the second modelled variographic range of 100 metres in the principal
    direction
  * Inferred - resources estimated using a search ellipsoid twice the size of
    the second modelled variographic range, 200 metres in the principal
    direction including any resources estimated outside the modelled veins


Resources  by category at a cut-off value of 0 g/t Au are shown in the following
table:

+-----------+-----------+----------+--------------+
| Resource  |  Tonnes   | Au Grade | Contained Au |
| Category  |           |  (g/t)   |    Ounces    |
+-----------+-----------+----------+--------------+
| Indicated |  968,000  |   1.11   |    34,420    |
+-----------+-----------+----------+--------------+
| Inferred  | 2,033,000 |   0.99   |    64,577    |
+-----------+-----------+----------+--------------+
|   Total   | 3,001,000 |   1.03   |    98,991    |
+-----------+-----------+----------+--------------+

Resources by category at a cut-off of 1 g/t Au are shown in the following table:

+-----------+---------+----------+--------------+
| Resource  | Tonnes  | Au Grade | Contained Au |
| Category  |         |  (g/t)   |    Ounces    |
+-----------+---------+----------+--------------+
| Indicated | 225,000 |   2.98   |    21,557    |
+-----------+---------+----------+--------------+
| Inferred  | 460,000 |   2.43   |    35,937    |
+-----------+---------+----------+--------------+
|   Total   | 685,000 |   2.61   |    57,501    |
+-----------+---------+----------+--------------+

Further Exploration

Based  on  the  results  from  the  recent  drilling  exercises, the Company has
developed  a geological  model which  aims to  identify similar deposits as that
delineated in this resource.  Goldplat will commence an exploration programme in
January  2011 which will focus  on 11 additional targets  on the Nyieme Licence.
 These  targets are  located over  areas containing  soil anomalies, geophysical
anomalies,  or areas of artisanal activity.   The exploration programme has been
designed  to identify similar high grade deposits  as has been identified by the
recent 2010 drilling programme.



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.

The author and practitioner of the resource estimation report, who has consented
to  the  inclusion  of  the  resource  statement  information  reported  in this
announcement,  is Mr. Dexter S. Ferreira, a senior geostatistician with over 19
years  experience  in  project  evaluation  internationally, including extensive
involvement  with mineral projects throughout South America and Africa.  He is a
member  of the  South African  Council for  Natural Scientific  Professions, and
qualifies  as an 'Expert', 'Competent Person'  and 'Qualified Person' as defined
in National Instrument 43-101 and the JORC Code.

Glossary of Terms

MEASURED  RESOURCE:  the portion of a   mineral  resource  for  which  tonnage,
densities,  shape,  physical  characteristics,  grade   and  mineral content can
be  estimated with  a high  level of  confidence.  It  is based  on detailed and
reliable exploration, sampling and testing information gathered through workings
and  drill holes.  The locations are spaced closely enough to confirm geological
and/or   grade continuity.

INDICATED RESOURCE: the part of a mineral resource for which tonnage, densities,
shape, physical characteristics, grade and mineral content can be estimated with
a  reasonable level of confidence.  It is  based  on exploration,  sampling  and
testing   information  gathered  though  appropriate techniques  from locations
such  as  outcrops,  trenches,  pits, workings  and drill  holes.  The locations
are  too widely  or inappropriately  spaced to  confirm geological  and/or grade
continuity but are spaced closely enough for continuity to be assumed.

INFERRED  RESOURCE: the  part of  a mineral  resource for which  tonnage,  grade
and  mineral content  can  be estimated  with  a low  level  of  confidence.  It
is  inferred from  geological evidence  and assumed  but not verified geological
and/or   grade  continuity.    It  is  based  on  information  gathered  through
appropriate techniques from locations such as outcrops, trenches, pits, workings
and drill holes which may be limited or of uncertain quality and reliability.

 ORDINARY   KRIGING:  Kriging  is  the  estimation  procedure  used  in  spatial
geostatistics  using  known  values  Ordinary  Kriging  is the commonest type of
Kriging.


                                  * * ENDS * *

For further information visit www.goldplat.com or contact:
 Demetri  Manolis   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 but the Company hopes to increase this through further exploration.










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Source: Goldplat plc via Thomson Reuters ONE

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