Issue of Equity

Greatland Gold PLC
30 July 2007

                               GREATLAND GOLD PLC

                                Issue of Equity


Dated: 30 July 2007

Greatland Gold plc (the 'Company'), the mineral exploration and development
company focused on gold projects in Tasmania and Western Australia, has issued a
further 20,000,000 new ordinary shares of 0.1p each in the capital of the
Company (the 'Shares'), conditional on the Shares being admitted to trading on
AIM.

City Equities Limited has agreed to subscribe for 20,000,000 Shares at 2.25p per
Share. Following the subscription, City Equities Limited will hold 20,000,000
Shares, which is approximately 10.18% of the issued share capital of the Company
as enlarged by the placing.

Following the issue of these Shares the Company's total issued share capital
will be 196,550,000 Shares. Application has been made to the London Stock
Exchange for the Shares to be admitted to trading on AIM. Dealings are expected
to commence at 8.00 a.m. on Friday 3 August 2007.

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange