Operations Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                 12 April 2011
                   Goldplat plc ('Goldplat' or 'the Company')
                               Operations Update

Goldplat  plc, the AIM quoted gold producer, is pleased to provide an operations
update  on its  gold mining  operation in  Kenya ('Kilimapesa Gold'), the Nyieme
gold  development project in Burkina  Faso, the Banka gold  project in Ghana and
its two gold recovery businesses in South Africa and Ghana.

Overview
  * Kilimapesa Gold mine - Kenya
      * Exploration   programme  due  to  commence  May  2011 with  the  aim  of
        increasing  the JORC compliant resource base to in excess of 0.5 million
        oz of gold
      * Four  key  targets  have  been  selected  - Phase one of the exploration
        programme  to target  Vim/Rutha and  Red Ray  zones and comprise surface
        mapping and a 28 drill hole diamond core drilling programme
      * Continuity  of the quartz veins at  Vim/Rutha target confirmed by recent
        geophysical IP surveys - laterally continuous over 300 - 400m
      * Three  parallel quartz veins mapped on surface  and can be traced over a
        5km strike at Vim/Rutha target

  * Nyieme Gold project - Burkina Faso
      * 2,500m RC drilling programme due to commence on 25 April 2011
      * Soil  sampling  and  trenching  phases  completed  -  drilling programme
        designed  to test geological model and  to identify further target areas
        to significantly increase existing ore resource

  * Banka Gold Project - Ghana

      * Finalising  definitive contract - full  technical report to be published
        once complete outlining resource development plans

  * Gold Recovery - South Africa and Ghana
      * South Africa - new mill to double the milling capacity of the high grade
        circuit has been secured
      * Ghana - Golden Star Wassa operation contract to process surface material
        performing in line with management expectations - targeted gold delivery
        rate of 4,500oz per annum
      * Additional  agreement signed  with Adamus  Resources Limited  to process
        Gold  Recovery  Ghana's  surface  materials  off-site  -  expected  gold
        recovery rate of 3,000oz per annum
      * Investigating  establishing gold recovery bases  in Tanzania and Burkina
        Faso  collect by-products to process at  South African and Ghanaian gold
        recovery plants


Goldplat  CEO Demetri Manolis  said, "Whilst gold  recovery at our South African
and  Ghanaian recovery plants are  performing solidly and generating significant
revenues,  exploration  and  building  our  resource base across our brown-field
development  projects in  Kenya, Burkina  Faso and  Ghana remains central to our
growth strategy as we look to become a mid tier gold producer in Africa.

"Recent   developments   at  our  Kilimapesa  gold  mine  in  Kenya  are  highly
encouraging.   Initial plant operations are now underway  at the mine, and it is
our  intention  to  commence  a  defined  exploration  programme with the aim to
increase  the current gold JORC compliant  resource towards the plus 0.5 million
oz mark.  Of particular significance are the Vim/Rutha and Red Ray targets which
display  continuity  of  quartz  veins  over  a  5 km  strike,  which we believe
illustrates the potential of the area to increase ore resources.

"Similarly  our  Nyieme  gold  project  in  Burkina Faso has also yielded highly
positive  results and demonstrates great development potential; with a 2,500m RC
drilling  programme due  to commence  next week  I believe  we will start to see
significant  traction of this  highly prospective project.   With a healthy cash
position  and a streamlined resource development  focus, I believe Goldplat will
deliver  on its project milestones over  2011 and generate significant value for
shareholders."

Kenya: Kilimapesa Gold

The  Company's focus with regard to  its 100% owned Kilimapesa gold mine located
in  the historically producing Migori Archaean Greenstone Belt in western Kenya,
is  to develop it  into a small  profitable gold mine  with an initial target of
producing  approximately 5,000oz Au per annum  within 12 months of being granted
its  mining licence.  In line  with this, the Company  has implemented a defined
exploration strategy with the aim of increasing Kilimapesa Gold's JORC-compliant
resource base, which currently stands at 1.65Mt at 2.44 g/t Au for 129,000 oz of
gold  at a cut-off  grade of 1 g/t  of gold for  all categories, to in excess of
0.5 million oz Au.

Goldplat  has  collated  and  analysed  all  available data including geological
mapping,  soil sampling, geophysical data, trenching and borehole information as
well  as  extensive  artisanal  mining  workings.   Four  key  targets have been
selected  for further  exploration with  a view  to publishing an upgraded JORC-
compliant  resource by the end of  2011.  Phase one of the exploration programme
will be focussed on the Vim/Rutha and Red Ray targets which the Company believes
have  the greatest ore resource potential  and will comprise surface mapping and
28 drill  hole diamond core drilling to intersect  the veins to a depth of 60m.
 Phase  one will commence in May 2011 and is  expected to last six weeks with an
estimated cost US$200,000.

Vim/Rutha

The  Vim/Rutha target area is  located less than 2km to  the south of Kilimapesa
Hill.   Several narrow (between 5cm and  100cm thick) steeply dipping auriferous
quartz  veins trending east-west  have been mapped  and are laterally continuous
over  300-400m.  The continuity of  the quartz veins  has also been confirmed by
recent geophysical induced polarisation ('IP') surveys.  At least three parallel
quartz  veins have been  mapped on surface  and can be  traced over a 5km strike
with  only minor fault displacement.  Several other veins have been mapped which
are   interpreted  as  splays  off  the  main  vein  system.   Previous  reverse
circulation  ('RC') drilling and trenching have  returned grades on the veins up
to  22 g/t Au.   Phase one  exploration over  the Vim/Rutha target will comprise
surface  mapping to precisely define the surface expression of the veins and 20
diamond drill holes.

Red Ray

The  Red Ray target  is located 1km east  of Kilimapesa Gold's processing plant.
 Two  main veins striking east  to west and dipping  steeply to the south can be
traced  along  the  crest  of  two  small hills which are approximately 1.5km in
length.   These veins are thought to correlate to the veins currently exposed in
Adit  B at  Kilimapesa Hill  5km to the  west.  Extensive artisanal activity has
taken  place along the crest of the hills  and the veins are also exposed at the
base of the hills in the adits.  Additionally individual rock chip samples of up
to  10 g/t Au have been previously recorded  by Goldplat.  The Red Ray Phase one
exploration programme will consist of surface and underground mapping as well as
eight diamond drill holes.

Production

The  metallurgical plant at  Kilimapesa Gold started  processing existing stocks
located  on  the  property  in  February  2011.  The  loaded  carbon  product is
currently  being stockpiled and  an elution plant  and smelter have been ordered
and are due to be commissioned in July 2011, at which point Kilimapesa Gold will
produce gold bullion for export.

Environment and Corporate and Social Involvement

Drilling  of water monitoring boreholes have  now been completed as specified by
the  National Environmental Monitoring Agency (NEMA).   The mine has requested a
full  Occupational, Safety and  Health Audit (OSHA)  plus associated training in
order  to  ensure  full  compliance.   The  Company continues to enjoy excellent
relationships  with the  local community  and has  implemented a number of local
initiatives.   As agreed  with the  Kenyan Minister  of Environment  and Natural
Resources  a project to  introduce indigenous trees  to the local  area has been
initiated  in which every homestead (1,158) in the area will be planted with one
indigenous  and one fruit tree.  Goldplat has also started a bee keeping project
which  it hopes will stimulate a honey-producing industry for local participants
and  a cattle dip has been commissioned which is currently being utilised by the
local  community.  Furthermore during the recent drought Goldplat ensured steady
water  supply to  the local  community and  hospital.  With  the success  of the
recent  community initiatives the Company is  currently exploring other areas to
create sustainable activities for the local community.

Nyieme Gold Project - Burkina Faso

At  the Company's  246 sq km  Nyieme gold  project in  Burkina Faso  the planned
exploration  programme for  the first  half of  2011 is progressing well and the
2,500m RC  drilling programme is  due to commence  25 April 2011.  With the soil
sampling and trenching phases completed the RC drilling programme is designed to
test  the geological model and to identify  other areas on the licence area with
the  aim of significantly increasing the existing ore resource of 685,000 tonnes
at  2.61 g/t  Au  for  57,501 oz  Au  at  a  cut-off grade of 1.0 g/t Au for all
categories.

Four  target areas have  been targeted for  drilling based on  soil values, rock
chip  sampling and  the presence  of artisanal  workings.  To  the south  of the
property  there  is  an  extensive  artisanal  camp with circa 100 workers.  The
artisanal workers are currently working on a vein on which is up to 2m thick and
trends  into the Nyieme licence.  This vein will  also be drilled as part of the
2,500m RC programme, the results from which are expected to be published in July
2011.

Banka Gold Project - Ghana

In  November 2010 we  signed a  binding memorandum  of agreement with Gulf Coast
Resources  Inc ('Gulf'), a Canadian mining company, to acquire a 90% interest in
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 highly
prospective  Amansie East and Asante Akim  South Districts of the Ashanti Region
of  the  Republic  of  Ghana  ('Banka  Gold  Project').  On 3 February 2010 Gulf
applied  to the  Government for  a renewal  of the  Banka Mining  Lease, and the
Company is pleased to report that this has now been granted by the Government of
Ghana.   In  light  of  this  Goldplat  is  currently  finalising the definitive
contract and will update the market on this development in due course.  Once the
contract  has  been  signed  Goldplat  will  announce  a  full  technical report
outlining  its  proposed  development  plan  of  the Banka Gold Project aimed at
proving up the economic viability of the project and publishing a JORC compliant
resource.


South Africa and Ghana - Gold Recovery Businesses

Goldplat's  gold recovery business' in South  Africa and Ghana are continuing to
perform strongly and in line with management expectations.

In  South Africa, further progress has been  made to secure new raw materials of
which  Goldplat Recovery  currently has  circa 32,850 oz  of contained  gold, to
ensure   the   long-term  supply  of  gold  bearing  feedstock  for  processing.
 Additionally  a  new  mill  to  double  the  milling capacity of the high grade
circuit has been secured and the refurbishment process has begun.

Market research is also in progress to examine the possibility of establishing a
base  in  Tanzania  to  collect  gold  bearing  by-products from the gold mining
industry  in  Tanzania  for  export  to  Goldplat  Recovery  in South Africa for
processing.   The Company will  make an informed  decision on this once research
has been completed.

In  Ghana, Gold Recovery  Ghana's ('GRG') processing  operation is continuing to
perform  strongly and is generating significant  cash flow for the Company.  The
by-product  contract that GRG has with  Goldfields, AngloGold Ashanti and Golden
Star  are operating smoothly and its  toll processing project with Golden Star's
Wassa operation is on target with a gold delivery at a rate of circa 4,500 oz Au
per annum.

GRG  has also signed a  similar agreement with Adamus  Resources Limited to toll
process  further GRG's surface materials.  Deliveries  will start in April 2011
and GRG expects to deliver gold at a rate of 3,000 oz Au per annum.

The  Company is  also investigating  the possibility  of establishing  a base in
Burkina  Faso to collect gold bearing  by-products from the gold mining industry
for  export to  GRG in  Ghana.  Initial  work on  this is  encouraging and could
generate healthy cash flow for GRG if undertaken.


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.

                                  * * 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]


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.

Additionally,  the Company has entered into  a Memorandum of Agreement with Gulf
Coast  Resources Inc ('Gulf'), a Canadian mining company for the acquisition 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.












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