Exploration Update

GREATLAND GOLD PLC

                               Exploration Update


10 August 2010


Greatland Gold plc (the "Company"), the mineral exploration and development
company focused on gold projects in Australia, is pleased to announce an
exploration update.

Highlights:

  * Preliminary drilling program completed at Ernest Giles project in Western
    Australia
  * All drill holes at Ernest Giles project successfully reached their
    respective target depths
  * Prospective greenstone lithologies were intersected in all holes at Ernest
    Giles project
  * Veining and sulphide mineralization intersected in unexposed greenstones at
    Ernest Giles project
  * Secured government co-funding, via a competitive bid process, for its
    drilling initiative at Ernest Giles project
  * Additional Exploration Licence applied for at Ernest Giles project,
    potentially increasing the size to 948 square kilometres and covering over
    100 kilometres of strike of prospective greenstones.



Ernest Giles

The Ernest Giles project is located in a remote region of Western Australia and
has been subject to little exploration activity in the past despite its
prospectivity for gold and other commodities. The target rocks are Archean
greenstone lithologies which are covered by a veneer of desert sands, and a
sequence of Proterozoic shale and dolomite. Historically, little exploration
work has been focussed on the project area due to the lack of outcrop of the
Archean rocks.

The Company believes that greenstones at Ernest Giles, which are clearly defined
by airborne geophysics, are likely to contain gold mineralisation based on the
fact that most of the other well explored belts of similar size in the region
have been shown to contain various gold occurrences and deposits. The
greenstones in Western Australia also contain both disseminated and massive
nickel sulphide mineralisation. If the cover sequence was absent at Ernest
Giles, the Company feels that the greenstones would have already been subject to
substantial exploration for both nickel and gold.

The Company's belief that the Ernest Giles project represents an excellent
exploration opportunity is supported by the decision of the Western Australian
Department of Mines and Petroleum to award co-funding for the Company's drilling
initiative. Greatland successfully secured this co-funding via a competitive bid
process. The co-funding initiative is aimed at enhancing the mineral
prospectivity of under-explored regions. A$60,000 was offered by the Department
of Mines and Petroleum for our project.

The Company's maiden drill program at the project is now complete and comprised
four vertical diamond holes. Targeting of drill sites was largely based on
airborne magnetic data along with ground based gravity and geochemical data. All
four drill holes were completed between May and the end of July 2010. Total
metres drilled was 1,320m and average hole depth was 330m. All four drill holes
reached their respective target depths and prospective greenstone lithologies
were intersected in all four holes. Diamond hole collar details are presented in
Table 1.


              Table 1 - Ernest Giles Project Diamond Hole Collars

+-------+----------+-------+---------+---------+---------+---------+
|Hole ID| Licence  | East  |  North  |   Dip   | Azimuth |Depth (m)|
|       |          |       |         |(degrees)|(degrees)|         |
+-------+----------+-------+---------+---------+---------+---------+
|       |          |       |         |         |         |         |
|EGD001 |Peterswald|583 650|7 040 550|   -90   |   000   |   385   |
+-------+----------+-------+---------+---------+---------+---------+
|EGD002 |Peterswald|585 350|7 036 300|   -90   |   000   |   333   |
+-------+----------+-------+---------+---------+---------+---------+
|EGD003 |Calanchini|600 670|7 014 130|   -90   |   000   |   301   |
+-------+----------+-------+---------+---------+---------+---------+
|EGD004 |Calanchini|599 050|7 017 225|   -90   |   000   |   301   |
|       |          |       |         |         |         |         |
+-------+----------+-------+---------+---------+---------+---------+
                                                     Co-ordinates - WGS84 ZONE51


The Company was pleased that the drilling provided confirmation that cover
sequences, in parts of the project area, were not as thick as first thought.
Greenstone rocks were present from 142m in the south of the project area, while
the deepest greenstones were encountered from 334m in the central parts.

Greenstone lithologies intersected included basalt, ultramafic and banded iron
formation. All rocks were variously altered and structurally disrupted. Visible
sulphide mineralisation and quartz veining was seen in three of the four drill
holes. A highlight of the drilling was the discovery of a 42m width of intense
sulphide mineralisation and alteration encountered in one of the holes.
Laboratory analysis of the drill core is now being undertaken and results are
expected during October 2010.

Based on the pleasing achievements so far, the Company has made application for
an additional Exploration Licence at the Ernest Giles project. This additional
licence increases the size of the project area from 687 square kilometres to
948 square kilometres. More than 100km of gold prospective greenstones are now
covered by licences 100% owned by the Company.


Lackman Rock

The Lackman Rock project covers a little explored greenstone sequence in the
south of Western Australia, close to existing gold and nickel sulphide
operations.

A program of systematic geochemical sampling has been completed over a 20km x
5km portion of the licence area. Sample spacing was 1000m x 200m. Results of the
sampling were encouraging returning numerous scattered gold anomalies up to
8ppb gold over the 20km of strike sampled. 200m x 50m infill geochemical
sampling is required to follow-up and is scheduled for the final quarter of this
year.


Firetower

Mapping and rock chip sampling has been completed at the Anomaly 1 prospect. No
significant results were returned from the rock chip sampling.

Surface geochemistry was completed at the Star of the West prospect in the north
of the project area. No significant results were returned from the soil
sampling.

Rock chip sampling was completed at the Lobster prospect in the east of the
project area. No significant results were returned from the rock chip sampling.


Warrentinna

No field work was carried out at the Warrentinna project during the second
quarter of 2010. The Company continues to evaluate the possibility of further
drilling at the Derby North prospect in the final quarter of 2010.


East Lisle

No field work was carried out at the East Lisle project during the second
quarter of 2010.


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 extremely prospective for new
orebodies.


Callum Baxter, Managing Director, commented: "Securing government monies to
contribute to our drilling activities at Ernest Giles supports our belief that
the project represents an excellent exploration opportunity. Completion of the
first phase of drilling has been admirably achieved in a safe and efficient
manner through the excellent work of our field crews and drill contractors.
Furthermore, successful intersection of prospective greenstones in all holes is
a very pleasing result. This, combined with visible sulphide mineralisation in
the drill core, makes the Ernest Giles project very exciting."


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, 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  stated geochemical sample results  were obtained from 1kg screened samples.
All  geochemical samples  were sent  to Genalysis  Laboratory Services in Perth.
Analysis  for gold was  done by Aqua  Regia Digest with  an enhanced sensitivity
atomic absorption spectrometry analytical technique (EETA).

All  sample quality control is achieved  using a suite of 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]


[HUG#1436837]








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