Gold Recovery Operations Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
4 June 2009
             Goldplat plc ('Goldplat' or 'the Company')
     Progress Report on South African and Ghanaian Gold Recovery
                             Operations

Goldplat plc, the AIM quoted gold producer, is pleased to provide an
operations update for its two gold recovery businesses in South
Africa and Ghana.

Overview
*         South African and Ghanaian gold recovery processing
  operations continuing to perform strongly
*         South Africa
o       Further stockpiles secured - agreements signed with AngloGold
Ashanti  and  Mintails  SA  (Pty)  Ltd's  Mogale  Gold  to   purchase
stockpiles of gold bearing raw material
o       Total stockpiles increased to 53,000 oz of contained gold, in
raw materials for  processing, of  which 37,000  oz are  on site  and
16,000 oz are secured offsite
*         Ghana
o       Identified  and evaluated  a  significant number  of  surface
stockpiles of  gold bearing  material with  high gold  grades in  the
Konongo area in Ghana

Goldplat's CEO Demetri  Manolis said, "Our  gold recovery  processing
operations continue  to be  cash generative  and profitable.   As  we
secure additional contracts with  many of the  mining majors, we  are
continuing to building our inventory  to ensure the long-term  supply
of gold bearing materials for processing."

South Africa: Goldplat Recovery (Pty) Ltd ('Goldplat Recovery')

Goldplat Recovery's processing operations  are continuing to  perform
strongly and in line with management expectations.  Further  progress
has been made to secure new  raw materials, and ensure the  long-term
supply of gold  bearing feedstock for  processing.  An agreement  has
been finalised with AngloGold  Ashanti Limited ('AngloGold  Ashanti')
to purchase a total of 86,500  tonnes gold bearing raw material  from
its West Wits and Vaal River operations in South Africa.  At the West
Wits operation 5,000 tonnes were secured and bulk samples were  taken
from two stockpiles providing  another 6,500 tonnes for  processing.
At the  Vaal  River operation,  rights  to two  stockpiles  totalling
75,000 tonnes  have been  secured and  bulk sampling  to analyse  the
grade content is  underway.  Additionally, Goldplat  has secured  the
rights to raw material from a process water storage dam at the Savuka
operation,  which  will  be   extracted  by  AngloGold  Ashanti   and
transported to Goldplat's recovery plant.

Goldplat Recovery has also signed an agreement with Mintails SA (Pty)
Ltd's Mogale Gold operation in the Krugersdorp area for the  purchase
of a significant stockpile, circa 2,000 tonnes of gold bearing  waste
material.  Bulk  sampling is  yet to  be conducted  to determine  the
average grade of the stockpile.

Goldplat Recovery's  total  stockpiles  now stand  at  53,000  oz  of
contained gold, in raw materials  for processing, of which 37,000  oz
are on-site and 16,000 oz are secured off-site. This equates to  four
years of  current  woodchip  production capability,  three  years  of
gravity concentration capacity and four years of leach capacity.

In line with Goldplat's development initiatives, the installation  of
increased flotation capacity is progressing  well and is expected  to
be completed in August 2009.   This will enhance the flexibility  and
recovery of gold and platinum materials on site.

Ghana: Gold Recovery Ghana Limited ('GRG')

In Ghana, GRG has  identified and evaluated  a significant number  of
surface stockpiles of gold bearing material with high gold grades  in
the Konongo  area  in  Ghana.   The Company  is  in  the  process  of
negotiating to purchase these  stockpiles.  Additionally, GRG  signed
an agreement with Midlands Minerals Corporation, a company listed  on
the Toronto Venture Exchange (MEX: TSX), to recover gold from  carbon
fines located at  the Sian  property in Ghana.   These raw  materials
will add to GRG's total stockpiles of 35,000 oz of contained gold, in
raw materials equating to eight years production capability.

As part of GRG's optimisation programme, a carbon incinerator,  which
will be used  to burn  stockpiles of woodchips  as part  of the  gold
recovery process, has been shipped from South Africa to Tema, and  is
expected to arrive at the plant in mid June 2009.

                            * * ENDS * *

For further information visit www.goldplat.com or contact:

Demetri  Manolis, CEO Goldplat plc                    Tel: +27 (0) 11
                                                      423 1203
James Joyce           WH Ireland Limited              Tel: +44 (0) 20
                                                      7220 1666
Sarang Shah           WH Ireland Limited              Tel: +44 (0) 20
                                                      7220 1666
Bill Sharp            Alexander David Securities      Tel: +44 (0)20
                      Limited                         7448 9820
David Scott           Alexander David Securities      Tel: +44 (0)20
                      Limited                         7448 9820
Felicity Edwards      St Brides Media & Finance Ltd   Tel: +44 (0)20
                                                      7236 1177
Isabel Crossley       St Brides Media & Finance Ltd   Tel: +44 (0)20
                                                      7236 1177


Notes
Goldplat plc  is  an  AIM-listed gold  producer  with  operations  in
Africa.  Its  strategy  is to  consolidate  its position  as  a  gold
producer in Africa and build itself into a highly profitable mid-tier
gold company,  leveraged  through  revenue generated  from  its  gold
recovery businesses.

The Company has  two recovery  businesses based in  South Africa  and
Ghana, which,  by  safely  disposing mining  by-products,  fulfil  an
important aspect of the mines' environmental management  programmes.
The South African plant is located  near the centre of the East  Rand
Goldfield and raw material  feedstocks are sourced  from many of  the
major South African  mining companies,  including Anglogold  Ashanti,
Goldfields, Harmony, DRD Gold and other smaller producers.  The Ghana
plant, located  in the  free port  of Tema,  provides access  to  raw
materials from  mines  in Mali,  Guinea,  Burkina Faso,  Benin,  Cote
D'Ivorie, Senegal, the DRC and Mauritania, as well as Ghana.

Goldplat's strategy  is  to build  itself  into a  highly  profitable
mid-tier gold  producer, through  the acquisition  of known  deposits
with targets of between 200,000 and one million contained ounces.  To
this end, in a 50/50 JV, it is developing the potential of the 213 sq
km  Lolgorien  licence  area  ('Kilimapesa  Gold'),  located  in  the
historically producing  Migori Archaean  Greenstone Belt  in  western
Kenya.  Kilimapesa Gold commenced initial production in January  2009
and an  aggressive exploration  and  development programme  has  been
implemented to define a JORC compliant resource at the project.

Additionally  the  Company  is  currently  evaluating  gold  recovery
operations  in  Tanzania  and  Zambia  and  also  has  joint  venture
agreements with Black Economic Empowerment ('BEE') partners in  place
to take advantage of mining opportunities in South Africa.

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