Nyieme Project (Burkina Faso) Diamond Drilling ...

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                25 October 2010
                   Goldplat plc ('Goldplat' or 'the Company')
             Nyieme Project (Burkina Faso) Diamond Drilling Results

Goldplat  plc,  the  AIM  quoted  gold  producer,  is pleased to report positive
results  from the  recent diamond  drilling programme  at the  Nyieme Project in
Burkina Faso.

Overview
  * 11-hole programme designed to infill the reverse circulation ('RC') drilling
    programme previously conducted by Sanu Resources Limited ('Sanu Resources')
  * 5 holes return gold grades in excess of 4 g/t, the highest value being 19.1
    g/t over a width of 116cm
  * The  predicted payshoots  on the  quartz vein  have been  verified and depth
    extension confirmed
  * Results  being  compiled  with  the  intention  to  produce  an initial JORC
    resource
  * Planning  to extend the  exploration programme to  other target areas on the
    licence


Goldplat  CEO  Demetri  Manolis  said,  "These  excellent  results reinforce the
prospectivity  of  the  Nyieme  project,  with  drilling intersecting high grade
quartz  veins and  confirming the  potential of  the target  structure.  We have
identified  additional targets on the project and  we are now designing the next
stage of exploration and will announce this programme as soon as possible."

Drilling Results

The  11 hole  diamond  drilling  ('DD')  programme was completed on 15 September
2010 and  was designed  to infill  the 26 hole  RC drilling programme previously
completed  by  Sanu  Resources.   The  RC  drilling  campaign  had identified an
easterly  dipping structure which correlated with artisanal mining on a 2m thick
quartz  vein on  surface.  From  the RC  drilling results  a model of southerly-
plunging  payshoots  was  postulated.   These  results  have confirmed the depth
extension  of the quartz vein, which attains thicknesses of up to 8.5m, and also
has  confirmed the payshoot model.  Five of the diamond drill intersections have
returned gold grades in excess of 4 g/t, the highest value being 19.1 g/t over a
width of 116cm.

The results of the drilling programme are shown below.

+---------+-----------------+-------+-----+------+-----------------------------+
|         |  UTM Zone 30 N  |       |     |Total | Intersections (True Width)  |
|Hole No. |     (WGS84)     |Azimuth|Angle| Hole |                             |
|         +-------+---------+       |     |Depth +-------+-------+-------+-----+
|         |Easting|Northing |       |     |      | From  |  To   |  Au   |Width|
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD02   |507792 | 1246231 | 290°  |-55° | 120  |44.23m |48.20m | 2.75  |397  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
|         |       |         |       |     |      |       |       |       |     |
|Including|       |         |       |     |      |46.23m |48.20m | 4.40  |197  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD03   |507749 | 1246040 | 290°  |-55° | 117  |83.35m |84.49m | 1.14  |114  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD04   |507673 | 1245883 | 290°  |-55° | 120  |36.00m |38.00m | 4.14  |200  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
|         |       |         |       |     |      |       |       |       |     |
|Including|       |         |       |     |      |37.00m |38.00m | 6.24  |100  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD05   |507518 | 1245604 | 290°  |-55° |  85  |44.00m |46.16m |13.33  |216  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
|         |       |         |       |     |      |       |       |       |     |
|Including|       |         |       |     |      |45.00m |46.16m | 19.1  |116  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD06   |507545 | 1245592 | 290°  |-55° | 126  |74.00m |75.00m |12.24  |100  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD08   |507709 | 1245125 | 300°  |-55° | 144  |132.80m|134.20m| 0.63  |130  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD09   |507599 | 1244958 | 300°  |-55° |  82  |75.40m |76.40m | 0.65  |100  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD10   |507599 | 1244903 | 300°  |-55° | 115  |102.15m|103.15m| 1.79  |100  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD11   |507506 | 1244767 | 300°  |-55° | 113  |83,45m |84.20m | 0.71  | 66  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD12   |507567 | 1245611 | 290°  |-55° | 120  |77,65m |78.91m | 1.81  |126  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|         |       |         |       |     |      |       |       |       |     |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+
|NYDD13   |507567 | 1245596 | 290°  |-55° | 120  |88.11m |88.61m | 8.69  | 50  |
|         |       |         |       |     |      |       |       |  g/t  | cms |
+---------+-------+---------+-------+-----+------+-------+-------+-------+-----+


           NB. Co-ordinates taken with GPS. To be confirmed by
           survey


The  results of  this programme,  in conjunction  with the preceding RC drilling
results,  are  being  compiled  with  the  intention to produce an initial JORC-
compliant resource on the Nyieme Prospecting Licence.

Goldplat  is  now  planning  to  extend  its  exploration  programme  over other
identified  target areas on the licence.  These  target areas include an area of
artisanal activity 6km to the south of the drilled area, soil sampling anomalies
from  Sanu Resources' early exploration, and the continuation of the geophysical
anomaly,  which  defines  the  current  prospect  area as well as another strong
anomaly  2km to  the  east  of  the  drilled  area.  These targets are generally
focussed  on  the  5km long  north-south  trending  geological  boundary between
intrusives  and metasediments.  This programme is  scheduled to begin in January
2011 once the rains have abated.

Qualified Person

This  announcement has been reviewed by Mr. Mark Austin, the group geologist for
Goldplat,  who  has  more  than  25 years  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.

                                  * * ENDS * *

For further information visitwww.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 highly profitable mid-tier gold company, leveraged through revenue
generated from its gold recovery businesses.

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'Ivorie, Senegal, the DRC and
Mauritania, as well as Ghana.

Goldplat's  strategy is to  build itself into  a highly profitable 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 has
resulted in a maiden JORC compliant resource being reported in October 2009.  In
December 2009 Goldplat plc entered into an agreement with Sanu Exploration (BVI)
Limited ('Sanu'), a  wholly owned subsidiary  of NGEX Resources  Inc, to acquire
Sanu's option  over  the 246  sq  km Nyieme Gold  Project ('Nyieme') located  in
Burkina  Faso.  The Nyieme exploration licence  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.  Goldplat  has  started a programme of
trenching  and diamond  drilling in  order to  prove up  and expand the existing
mineralisation.



[HUG#1454573]








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