Ghana Operations Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
31 October 2007
             Goldplat plc ('Goldplat' or 'the Company')
                 Progress Report on Ghana Operations

Goldplat plc, the AIM  listed gold producer,  is pleased to  announce
that its gold recovery  plant in the  free port of  Tema in Ghana  is
ahead of schedule  and targeted  to be fully  operational in  January
2008.  The  plant, owned  by the Company's  wholly owned  subsidiary,
Gold Recovery Ghana  Limited ("GRG"), is  already in production  with
full commissioning targeted for December 2007.  To build on  existing
stockpiles to feed the plant, 16,000 tonnes of material estimated  to
contain 4,723 ounces of gold was recently acquired.

Plant Construction

The construction of the  carbon in leach  circuit ('CIL'), the  final
part of phase two  of the development programme,  is on target to  be
completed at the end of November 2007. GRG intends to commission  the
plant in December 2007 and to be in full production in January  2008,
with plant maximisation achieved during the first quarter of 2008. In
particular, the civil  construction is complete  and the steel  tanks
and walkways are being manufactured  on site from pre-cut and  shaped
steel. When complete this plant will enable GRG to maximise the  gold
recovery. from the surface material in one pass.

Processing

GRG has completed the testing phase for the ball mill, feed  conveyor
and gravity  concentrators installed  in September  2007 and  is  now
processing the  surface material  through the  gravity  concentration
circuit on a 24-hour basis.

Raw Materials

GRG has purchased two large surface stockpiles in the Dunkwa area  at
below previously paid average prices,  which provide an extra  16,000
tonnes of material estimated to contain 4,723 ounces of gold based on
assays of  representative  samples.  Whilst  the  stockpiles  of  raw
material now exceed two  years of production, there  are a number  of
other potential  stockpiles which  GRG will  continue to  evaluate.
GRG's objective is to secure the  50,000 to 60,000 tonnes of  surface
material that  has already  been identified  and sampled  which  will
provide sufficient stock for 55 to 67 months production.

These stockpiles at  the workings are  an environmental liability  as
most are situated in the watercourse. Removal of this material by GRG
and processing thereof contributes to the rehabilitation of the area.

Furthermore, GRG  has introduced  cost savings  on the  transport  of
material to Tema, which should have a positive impact on the results.

Smelting of Gold Concentrates

Further investigation  has identified  substantial supplies  of  gold
concentrates available  for  smelting  and export  to  the  Company's
strategic partner,  Rand  Refinery  Limited.    A  smelter  has  been
purchased and is due  to be delivered in  Tema during November  2007.
Arrangements are being finalised for the secure export of the bullion
from Ghana.

Goldplat CEO  Demetri Manolis  said, "We  are pleased  with both  the
progress on plant construction,  and also on  the amount of  material
available for  us  to  process.  While  the  Company  can  expect  an
increasing contribution to the second half results from GRG following
the completion of its planned  facilities, the prospects are  further
improved by  the exciting  possibilities for  smelting  concentrates,
which have recently come to light.

"Naturally, the  success  of our  recovery  businesses has  a  direct
impact on our strategy  to become a junior  mining house focussed  on
gold production.    With increased cash flow  from both our  recovery
plants in  Ghana and  South Africa,  we can  accelerate our  existing
project in Kenya and explore new exciting acquisition opportunities."

This announcement has been reviewed by  Mr Mark Austin. Mr Austin  is
the group geologist  for Goldplat  plc and  has more  than 25  years'
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]
                                                   1203
James Joyce           WH Ireland Limited           Tel: [phone]
Isabel Crossley       St Brides  Media  &  Finance Tel: [phone]
                      Ltd

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