Operations Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                 10 August 2010
                   Goldplat plc ('Goldplat' or 'the Company')
                               Operational Update

Goldplat  plc, the AIM quoted gold producer, is pleased to provide an operations
update  for its two gold recovery businesses in South Africa and Ghana, its gold
mining operation in Kenya and its gold exploration programme in Burkina Faso.

Overview
      ·     South African and Ghanaian gold recovery processing operations
continuing to perform strongly
      ·     South Africa
         o    Further stockpiles secured - agreement signed with Simmer and Jack
in South Africa to purchase 20,000 tonnes of gold bearing raw material
         o    Intensive cyanidation plant in South Africa has been commissioned
successfully
         o     Evaluating further mining projects in South Africa
      ·     Ghana
         o    Assay laboratory shipped from South Africa and arrived in Tema at
the end of July 2010
         o    Initiatives in place to increase production at the processing
plant nearing completion
         o    Evaluating further mining projects in Ghana
      ·     Kenya
         o    Mining Lease at Kilimapesa Hill gold mining project expected to be
finalised shortly
         o    National Electricity Grid reaches the Kilimapesa gold mining
project
         o    Expansion plan in place to increase gold production to an expected
range of  5,000 - 6,000 oz of gold per year from 12 months of being issued the
Mining Licence
      ·     Burkina Faso
         o    Trenching programme underway - completed 350m plan to date,
programme to recommence after the rainy season in August 2010
         o    1,150m 11 hole diamond drilling programme scheduled to start 16
August 2010
         o    Actively exploring by-products gold recovery opportunities in
Burkina Faso

Goldplat's CEO Demetri Manolis said, "We are making solid progress on all
fronts. With gold production at our two recovery plants in South Africa and
Ghana continuing to perform strongly and our Mining Licence due to be issued in
Kenya, which will allow us to move into commercial gold production, we are
ideally positioned to capitalise on the buoyant gold price environment.  In
addition we are highly confident of the potential that our Nyieme Project in
Burkina Faso offers and this project will remain a key focus for the Company as
we fast-track its development to define its economic potential.

"In  terms of expansion, we are actively  looking for further assets both in the
junior  gold  mining  arena  in  Southern  Africa,  and  through additional gold
by-product  opportunities in  the West  Africa region,  that we believe have the
potential to materially impact the Company's performance moving forward."

South Africa: Goldplat Recovery (Pty) Ltd ('Goldplat Recovery')

Goldplat Recovery's processing operations are continuing to perform strongly and
in line with management expectations.

Further  progress has  been made  to secure  new raw  materials, and  ensure the
long-term  supply of  gold bearing  feedstock for  processing.  An agreement has
been  finalised  with  Simmer  and  Jack  Mines  Limited  ('Simmer and Jack') to
purchase  a  total  of  20,000 tonnes  of  gold  bearing  raw  material from its
Buffelsfontein operation in South Africa.


An  intensive cyanidation plant which improves  gold recovery rates has now been
commissioned  and it is  expected to provide  cost savings and  improve the cash
flow of the operation.

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.   The  Company  is  evaluating  further  potential
acquisitions of such projects in South Africa.


Ghana: Gold Recovery Ghana Limited ('GRG')

In  Ghana, GRG has identified and evaluated  a significant number of new surface
stockpiles  of gold  bearing material  with suitable  gold grades in the Konongo
area in Ghana and is in negotiations to purchase these.

Initiatives  such as establishing a  wash bay are in  place to increase the feed
rate of raw materials to the existing gold plant to increase gold production are
nearing completion.

Equipment  required  to  establish  a  fire  assay  laboratory  at Tema has been
received  from South Africa  and will be  operational in two  months time.  This
will  greatly  improve  the  control  of  the  gold  plant  and allow for faster
evaluation and purchasing of tailings.

The Company is also evaluating further potential acquisitions of mining projects
in Ghana.

Kenya: Kilimapesa Gold Limited ('Kilimapesa')

As  announced on  22 July 2010, Kilimapesa  Gold Ltd  has received communication
from  the  Commissioner  of  Mines  that  the  Company  has  complied  with  all
requirements for the issuing of the Mining Lease.  The Commissioner is assisting
in  fast tracking the process with the  Director of Survey in issuing the Mining
Right Number so that he can finalise the Mining Lease.

Kenya's  National Electricity Grid  has now reached  the mine, which will reduce
operating  costs as Kilimapesa  will no longer  be dependent on diesel generator
power.

A  strategic plan for expanding the operations  at the mine has been completed.
It  is the  Company's intention  to increase  gold production  at the mine to an
expected  range of  5,000 to 6,000 oz  of gold  a year  from 12 months  of being
issued the Mining Licence.

Burkina Faso: Nyieme Gold sarl ('NG')

The  trenching programme, over  the geophysical and  geochemical anomalies which
extend  to the  south along  the same  trend as  the veins drilled in the Nyieme
prospect,  commenced in May 2010. 350m of trenching  has been completed to date.
 The programme will be completed when the seasonal rains abate in August 2010.

A  diamond drilling  ('DD') programme  over the  area previously drilled by Sanu
Exploration  ('BVI') Limited  ('Sanu') is  scheduled to  start on  the 16 August
2010.  This DD programme will comprise of 11 holes for a total of 1,150m.

The Company is also exploring the possibility of exploiting by-products produced
by  gold mines in Burkina Faso as there are  a number in operation as well as in
the construction phase in Burkina Faso.

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 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#1436748]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
All reproduction for further distribution is prohibited.
    
Source: Goldplat plc via Thomson Reuters ONE