Exploration Update

28 June 2011

                               GREATLAND GOLD PLC

                               Exploration Update

                          Warrentinna Drilling Results


Greatland Gold plc (the "Company"), the mineral exploration and development
company focused on gold projects in Tasmania and Western Australia, announces
results from drilling at its Warrentinna project in Tasmania.

Recent drilling has confirmed additional mineralisation at Derby North with
results including 4m at 5.16g/t gold.


Warrentinna

A program of Reverse Circulation ("RC") drilling was completed at the Derby
North prospect during April 2011. All RC holes were drilled to a maximum depth
of 102m and angled at 60 degrees. Drilling comprised seven holes for a total of
701m. Drill hole collar details are presented in Table 1. Initial 4m composite
sampling of all drill holes has been completed and results of these have been
received.

                              Table 1 - RC Collars

+---------+-------------+--------+---------+-----------+-----------+-----------+
| Hole ID |  Prospect   |  East  |  North  |    Dip    |  Azimuth  | Depth (m) |
|         |             |        |         | (degrees) | (degrees) |           |
+---------+-------------+--------+---------+-----------+-----------+-----------+
|         |             |        |         |           |           |           |
| WTR021  | Derby North | 561648 | 5447305 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR022  | Derby North | 561602 | 5447301 |    -60    |    090    |    102    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR023  | Derby North | 561555 | 5447302 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR024  | Derby North | 561657 | 5447381 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR025  | Derby North | 561582 | 5447350 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR026  | Derby North | 561627 | 5447349 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR027  | Derby North | 561602 | 5447327 |    -60    |    090    |    99     |
+---------+-------------+--------+---------+-----------+-----------+-----------+
|         |             |        |         |           |           |           |
+---------+-------------+--------+---------+-----------+-----------+-----------+
Co-ordinates - ADG66 ZONE55


Maximum result was 4m at 5.16g/t gold from 88m in hole WTR026 in a broader
intercept of 24m at 1.79g/t gold from 76m, and 12m at 2.95g/t gold from 80m.
This hole ended in mineralisation and remains open at depth. Substantial
mineralisation was also intersected in hole WTR024 of 4m at 1.53g/t gold from
56m, within a larger intercept of 48m at 0.51g/t gold from 36m. Five of the
seven holes intersected gold mineralisation. Significant results are presented
in Table 2.

Gold mineralisation is coincident with quartz vein structures and disseminated
sulphides. Drilling to date covers a strike length of 150m and has established a
100m wide, north-south trending, zone of gold mineralisation within which quartz
reefs with high grades occur.

                   Table 2 - RC Drill Results (>0.2g/t gold)

+---------+------+-----+----------+-------+----------------+
| Hole ID | From | To  | Interval | Gold  | Comment        |
|         | (m)  | (m) |   (m)    | (g/t) |                |
+---------+------+-----+----------+-------+----------------+
|         |      |     |          |       |                |
+---------+------+-----+----------+-------+----------------+
| WTR021  |  88  | 92  |    4     | 0.34  |                |
+---------+------+-----+----------+-------+----------------+
| WTR022  |  56  | 60  |    4     | 0.74  |                |
+---------+------+-----+----------+-------+----------------+
| WTR023  |  72  | 76  |    4     | 0.23  |                |
+---------+------+-----+----------+-------+----------------+
| WTR024  |  36  | 84  |    48    | 0.51  |                |
+---------+------+-----+----------+-------+----------------+
|   incl. |  56  | 60  |    4     | 1.53  |                |
+---------+------+-----+----------+-------+----------------+
| WTR026  |  24  | 28  |    4     | 0.45  |                |
+---------+------+-----+----------+-------+----------------+
| WTR026  |  76  | 100 |    24    | 1.79  | mineralised to |
+---------+------+-----+----------+-------+----------------+
|   incl. |  88  | 92  |    4     | 5.16  | end of hole    |
+---------+------+-----+----------+-------+----------------+
|     and |  80  | 92  |    12    | 2.95  |                |
+---------+------+-----+----------+-------+----------------+
|         |      |     |          |       |                |
+---------+------+-----+----------+-------+----------------+


Single metre sampling of mineralised 4m composites will be completed in the
coming weeks and results will be reported during the third quarter of the year.
This re-sampling will better define the tenor and distribution of gold
mineralisation at the Derby North prospect.


Corporate

Greatland Gold owns 100% of all projects in its portfolio. The Company's policy
is to develop its projects via systematic exploration activities culminating in
the drilling of strategic targets in an effort to locate new orebodies.

The Company concentrates its efforts in Australia where there is low political
risk, an established mining culture and regions prospective for new orebodies.


Callum Baxter, CEO, commented: "These preliminary results from Warrentinna are
encouraging as they are of economic tenor at these relatively shallow depths.
Mineralisation is broad with +20m wide intercepts within which higher grade
shoots occur. Re-sampling of the holes will be a priority and we look forward to
reporting further results from Derby North during the third quarter of the year.
Joint Venture discussions are continuing with regard to our Tasmanian licences
and we are aiming to update the market on this in the third quarter of the year
also."


Competent Persons


The  information in  this announcement  that relates  to exploration  results is
based  on information compiled by Mr Paul Askins and Mr Callum Baxter, directors
of  Greatland Gold plc,  who are both  members of the  Australasian Institute of
Mining  and Metallurgy. Paul Askins and Callum Baxter have sufficient experience
which  is relevant  to the  style of  mineralisation and  type of  deposit under
consideration  and  to  the  activity  that  they  are undertaking to qualify as
Competent  Persons as defined in the  2004 Edition of the 'Australasian Code for
Reporting  of  Exploration  Results,  Mineral  Resources and Ore Reserves'. Paul
Askins  and Callum Baxter  consent to the  inclusion in the  announcement of the
matters based on their information in the form and context in which it appears.

All  RC drill sample  results were obtained  from 4m composite spear sampling to
4kg. All  samples  were  prepared  at  Genalysis  Laboratory  Services' Adelaide
facility  using single stage pulverisation,  and assayed at Genalysis Laboratory
Services' Perth laboratory. A 50g Fire Assay with atomic absorption spectrometry
analysis technique (AAS) was used for gold.

Sample  quality  control  is  achieved  using standards, duplicates, repeats and
blanks.

Where   the   Company   has  made  reference  to  drill  intersections  in  this
announcement, it has interpreted these are at, or near, true widths.



Enquiries:


Greatland Gold plc
Callum Baxter
Tel  [phone]
Email: [e-mail]
www.greatlandgold.com


Grant Thornton Corporate Finance
Gerry Beaney / Colin Aaronson
Tel  [phone]









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Source: Greatland Gold PLC via Thomson Reuters ONE

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