Exploration Update

Greatland Gold PLC
14 May 2007



                               GREATLAND GOLD PLC

                               Exploration Update


Dated: 14 May 2007


Greatland Gold plc ('Greatland' the 'Company') the mineral exploration and
development company focused on gold projects in Tasmania and Western Australia
is pleased to announce further analytical results and an update on recent
activities.



At Firetower, good gold results up to 6.86g/t have been received from surface
rock chip sampling within the resource area. These results reflect the location
of ore shoots at surface, adding to high-grade near-surface mineralisation
within the resource area.



At Warrentinna, gold mineralisation has been identified over two trends. One is
5km long and the second 2km long, with local grades over 15g/t gold reported.



Also, following a review of results to date and a positive conclusion, the
Company has secured additional acreage. Two new tenements have been applied for,
enlarging both the Firetower and Warrentinna projects.



Firetower



A program of surface rock chip sampling within the resource area at Firetower
was completed during April in an effort to locate further indications of surface
mineralisation that had not been adequately tested by previous work. This was
successful in locating ore shoots at surface with good grades including 2m at
6.86g/t gold and 2m at 3.63g/t gold. A table of significant results is presented
in Table 1.



               Table 1 - Firetower Significant Rock Chip Results


       Sample No            Type            Interval (m)      Gold  (g/t)
         7280         channel rock chip           2               6.86
         7286         channel rock chip           2               3.63
         7281         channel rock chip           2               1.57
         7274         channel rock chip           2               1.21
         7267         channel rock chip           2               0.97
         7271         channel rock chip           2               0.86



                       m - metres,  g/t - grams per tonne



These results are from new high-grade zones of mineralisation at surface, not
yet tested by drilling. They will be incorporated into the deposit
interpretation for the resource area.



Firetower West



Firetower West is a separate area located 2.5km north-west of the Firetower
resource. Mineralisation has been defined over a 2km x 1km area. Following
encouraging results from two first pass drillholes, and confirmation that a
large mineralised system is present, a program of detailed surface mapping and
rock chip sampling has commenced.



Initial rock chip sampling results have returned elevated results to 0.29g/t
gold and 0.15% copper. Work is ongoing.



Increase in Acreage for the Firetower Project



Follow-up of regional targets in the east of the project area has commenced.
Reconnaissance has located surface indications of mineralisation in the far east
of the project area and sampling is being carried out.



Identification of mineralisation led to a project wide re-evaluation of the
prospective rock units in the region and it was recognised that further acreage
should be secured to continue exploration along strike. The Company has made
application for additional ground totalling 99 sq kms, increasing the project
size from 53 sq kms to 152 sq kms; effectively trebling the footprint of the
Firetower project and providing a further 20km of prospective strike.



Warrentinna



The Warrentinna project is located in the north-east of Tasmania in Australia
and covers the three historic goldfields of Warrentinna, Forester and
Waterhouse. Sampling and mapping has been carried out by the Company over the
southern goldfields of Warrentinna and Forester with encouraging results.



Warrentinna Goldfield



At the Warrentinna goldfield, the mineralised trend has been mapped over a
strike length of 2km by the Company and its northern extensions have not been
explored in the past. In the central parts of the goldfield ore to 29g/t was
mined by early prospects from shallow pits and small production of 3,200oz was
reported. This area has been targeted for further surface sampling and results
are awaited.



Forester Goldfield



Further north at the Forester goldfield, mineralisation has been located over a
strike length of more than 5km. Numerous old workings are located along the
trend, some of which have reported limited production at grades to 32g/t gold.

Gold producing areas include that of Linton where mining was carried out until
recently. Importantly, the Company acquired this area late last year. Here,
sporadic small scale mining supplied ore to the nearby Beaconsfield mill for
processing and limited drillholes returned grades in excess of 15g/t gold. Scope
for further ounces is apparent and assessment of the mineralised trend is
ongoing. Further work is being undertaken.



Increase in Acreage for the Warrentinna Project



Field inspection of areas along strike from known mineralisation has been
successful in identifying additional mineralisation outside of the existing
lease area, particularly in the north and north-west of the project area. For
example, at the Southern Cross prospect, near to the Waterhouse goldfield,
outcropping mineralisation has been located over several hundred metres of
strike in flat, open country. The Company has secured these areas by making
application for ground totalling 54 sq kms, increasing the project size from 114
sq kms to 168 sq kms and providing access to further prospective strike at
Warrentinna.



Lackman Rock



The Lackman Rock project is located in southern Western Australia in a region
with nearby producing gold mines and nickel mines. The tenement covers rocks not
previously subject to exploration despite Lion Ore Mining International holding
ground immediately along strike, and close to their operating Emily Ann and
Maggie Hays nickel mines. As such Greatland has the opportunity to be 'first
mover' in this area.



Planning of a first pass geochemical sampling program over 30km of strike has
been completed and will be implemented in the coming months.





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 rock chip results are obtained from grab or continuous chip sampling to 2kg.
All samples are prepared at Genalysis Laboratory Services' Adelaide facility
using a single stage pulverisation, and assayed at Genalysis Laboratory
Services' Perth laboratory. An Aqua Regia digest with atomic absorption
spectrometry analysis technique (AAS) is used for gold. Full quality control is
achieved using a suite of standards, duplicates, repeats and blanks.



Enquiries:


Callum Baxter   [phone]     Greatland Gold plc           Managing Director

John Simpson    [phone]     ARM Corporate Finance Ltd    Nominated Adviser





Updates on the Company's activities are regularly posted on its website
www.greatlandgold.com


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