Kilimapesa Gold - Resource Statement

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
5 October 2009
             Goldplat plc ('Goldplat' or 'the Company')
                Kilimapesa Gold - Resource Statement

Goldplat plc,  an AIM  listed gold  producer, announces  its  initial
JORC-compliant resource from the Kilimapesa Hill gold mining  project
('Kilimapesa') located in South Western Kenya within the historically
producing Migori  Archaean  Greenstone Belt.   The  underground  gold
resource estimate at Kilimapesa  totalled 1.65Mt at  2.44 g/t Au  for
129,000 oz Au at a cut-off grade of 1 g/t Au for all categories.

The Measured and Indicated  resource totals 409,000t  at 2.39 g/t  Au
for  31,416 oz Au plus an additional 1.24Mt at 2.43 g/t for 98,000 oz
Au within the Inferred category.   In addition, colonial tailings  in
the immediate  vicinity of  the plant  have a  combined Measured  and
Indicated JORC compliant Resource of 41,000t at 2.56 g/t Au for 3,400
oz Au.

This initial Measured and Indicated  resource is expected to  provide
Goldplat  with  sufficient  ore  to  run  its  Kilimapesa  operations
in-excess of  eight  years  taking into  account  its  current  plant
capacity.   The Company  has produced gold  from development ore  and
tailings since January  2009, and  it intends to  use future  revenue
from gold sales (due to commence Q4 2009) to develop the mine and  to
expand the plants production capacity.

Goldplat's CEO  Demetri  Manolis  said, "We  are  delighted  to  have
produced our initial JORC compliant  resource at the Kilimapesa  gold
mining project.  It gives us the foundation for the development of  a
profitable small  scale mining  operation,  which in-turn,  will  add
value to the Company organically via exploration."

Underground Resource

The resource is situated  within a one  kilometre strike length  over
the Kilimapesa Hill target area.  The underground exposure is limited
to a  maximum  depth below  surface  of 60m.   The  current  resource
calculation encompasses the orebody  from the surface  to a depth  of
70m below the current workings.

Mineralisation  is  contained  within  three  sub-parallel  east-west
trending quartz veins that have intruded into both an Archaen  Banded
Iron Formation (BIF)  and basaltic country  rocks.  The quartz  veins
vary in thickness between 10cm and 1.2m.  Access to the orebodies  is
via a single adit in which the Company has intersected and  developed
on the three quartz reefs.

The sample database comprises 137 groove sampled channels, with  each
completed channel averaging 2.2m in true stratigraphic width, divided
into  25cm  contiguous   samples.    Sample   channels  are   located
approximately 3m  apart horizontally.   The number  of samples  taken
over the quartz vein and  the immediate surrounding country rock  was
in-excess of 1,600 samples.  The sampling database represents a total
combined vein strike  length in  excess of  400m.  As  a result,  the
model block size chosen was 2m x 1m  x 2m (x, y, z), with a total  of
21,622,578 blocks used in the estimation.

Geological mapping of the  quartz veins allowed  for a tight  control
over  the  orebody  morphology.   The  orebody  was  interpreted  and
modelled by  an  independent geologist  using  Datamine to  create  a
wireframe  model.    That   model   was  used   by   an   independent
geostatistician as  a basis  for the  resource estimation.   Ordinary
Kriging was the estimation technique used, given that it is the  best
linear unbiased  estimator,  allowing the  preservation  of  inherent
grade  variability,  as  opposed  to  other  estimation  techniques.
Outlier analysis determined that any sample value greater than  10g/t
be trimmed to that threshold (uppercut); although this only  affected
2.14% of the sample population.

Drillhole data reported in the press  release dated 7 April 2009  was
used only to delineate the veins, but has been excluded from the  ore
resource calculations due to the poor recovery rates.

Resources by category at a cut-off value of 1 g/t Au are shown in the
following table:


  +---------------------------------------------------------------+
  |                         |           Veins and Host            |
  | Resource Classification |-------------------------------------|
  |                         |  Tonnes   | Au Grade | Contained Au |
  |                         |           |  (g/t)   |    Ounces    |
  |-------------------------+-----------+----------+--------------|
  |        Measured         |  36,000   |   2.86   |    3,342     |
  |-------------------------+-----------+----------+--------------|
  |        Indicated        |  373,000  |   2.32   |    28,074    |
  |-------------------------+-----------+----------+--------------|
  |          Total          |  409,000  |   2.36   |    31,416    |
  |---------------------------------------------------------------|
  |                                                               |
  |---------------------------------------------------------------|
  |        Inferred         | 1,242,000 |   2.43   |    97,895    |
  |-------------------------+-----------+----------+--------------|
  |          Total          | 1,651,000 |   2.44   |   129,311    |
  +---------------------------------------------------------------+


The determination of the resource classification is as follows:


  * Measured - Resources estimated using a very restricted search
    ellipsoid size of 10m in the principal direction
  * Indicated - Resources estimated using a search ellipsoid of
    equivalent to the second modelled variographic range of 90m in
    the principal direction
  * Inferred - Resources estimated using a search ellipsoid twice the
    size of the second modelled variographic range, 180m in the
    principal direction including any resources estimated outside the
    modelled veins

 Surface Tailings Resource

As announced on 26 October  2007, the tailings derived from  colonial
operations  in  the  mid-1900s.   These  tailings  have  subsequently
undergone auger drill sampling, in order for a JORC compliant mineral
resource to  be calculated.   The  combined Measured,  Indicated  and
Inferred Resources totalled 51,600 tonnes at 2.52g/t Au, the majority
of which  lie  within  200m of  the  existing  plant  infrastructure.
  Initial  gravity   and  carbon-in-leach   metallurgical   test-work
demonstrate recoveries in excess of 65%, and on the ore derived  from
the quartz vein orebodies in-excess of 85%.

Total resources by category are shown below:


   +------------------------------------------------------------+
   |                         |        Colonial Tailings         |
   | Resource Classification |----------------------------------|
   |                         | Tonnes | Au Grade | Contained Au |
   |                         |        |  (g/t)   |    Ounces    |
   |-------------------------+--------+----------+--------------|
   |        Measured         | 11,800 |   1.70   |     648      |
   |-------------------------+--------+----------+--------------|
   |        Indicated        | 29,200 |   2.91   |    2,725     |
   |-------------------------+--------+----------+--------------|
   |          Total          | 41,000 |   2.56   |    3,373     |
   |------------------------------------------------------------|
   |                                                            |
   |------------------------------------------------------------|
   |        Inferred         | 10,600 |   2.40   |     819      |
   |-------------------------+--------+----------+--------------|
   |          Total          | 51,600 |   2.52   |    4,192     |
   +------------------------------------------------------------+



Further details

Kilimapesa Gold  (Pty) Ltd  ('Kilimapesa Gold')  is wholly  owned  by
Goldplat  through  its  subsidiary  Gold  Mineral  Resources  Limited
('GMR').  Kilimapesa Gold includes the operating Kilimapesa Hill gold
mine and adjacent exploration assets  located in South Western  Kenya
within the historically producing Migori Archaean Greenstone Belt.

The Migori Archaean Greenstone Belt is a northern continuation of the
Lake Victoria  Goldfields,  which  hosts  many  major  gold  deposits
including Barrick's multi-million ounce North Mara mine.  The licence
area has been the site of considerable historical gold mining and  is
still the focus of localised artisanal mining.

Goldplat first became  involved in  the Kilimpaesa  Hill gold  mining
project in  June  2007,  with  its  then  50:50  JV  project  partner
International Gold Exploration AB ('IGE').  The mine went into  small
scale gold  production in  January 2009,  processing development  ore
plus high grade tailings.

On 24 September 2009,  Goldplat announced that  it had completed  the
purchase of the  remaining 50%  interest in Kilimapesa  Gold for  the
total consideration of  US$2.7 million  from IGE,  via the  Company's
wholly owned subsidiary Gold Mineral Resources Limited.  The  payment
schedule includes  US$1.2  million paid  on  completion of  the  Sale
Agreement, which was  on 24 September  2009, with the  balance to  be
settled in six monthly tranches of US$250,000.

As a  result  of the  acquisition,  Kilimapesa Gold  is  required  to
convert its existing exploration licence to a mining licence.   Until
the mining licence  is officially  approved, Kilimapesa  Gold is  not
permitted to  make commercial  sales of  gold.  The  application  now
resides with the Kenyan Authorities, which the Company expects to  be
granted soon.  Kilimapesa  Gold will then  be in a  position to  move
into commercial production and  an announcement regarding our  future
mining plans will be made on the issuing of the mining licence.

                            * * 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
David Porter          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

Summary of Important Criteria used in the Assessment and Reporting of
              the Kilimapesa Underground Gold Resource


+-------------------------------------------------------------------+
|       Criteria        |                  Status                   |
|-------------------------------------------------------------------|
|         Sampling Techniques, Assay Data, Drilling Details         |
|-------------------------------------------------------------------|
| Sampling Techniques   | *                 Sampling channels were  |
|                       |   cut using a hand-held pneumatic         |
|                       |   chipping hammer.                        |
|                       | *                 Individual samples were |
|                       |   marked off using the methodology as     |
|                       |   described in "South Africa Mine         |
|                       |   Valuation edited By C.D. STORRAR, 1977" |
|                       |   and are recorded as 'true sample        |
|                       |   widths'.                                |
|                       |                                           |
|                       |   * All sampling was supervised by a      |
|                       |     qualified geologist.                  |
|-----------------------+-------------------------------------------|
| Location of Sampling  |   * Sample Channels are located           |
| Channels              |     underground by a qualified surveyor.  |
|                       |   * All sample sections are painted for   |
|                       |     further reference.                    |
|-----------------------+-------------------------------------------|
| Sampling Data         |   * All sample channels are recorded on   |
|                       |     'Sample Sheets' which                 |
|                       |     diagrammatically represent each       |
|                       |     sample section and correlation.       |
|                       |   * Each sample is recorded in a spatial  |
|                       |     data base                             |
|-----------------------+-------------------------------------------|
| Verification of       |   * Several channels have been twinned    |
| Sampling Data         |     and the results show a close          |
|                       |     correlation.                          |
|-----------------------+-------------------------------------------|
| Sample Assay          |   * All samples have submitted to         |
|                       |     certified laboratories in Tanzania or |
|                       |     South Africa.                         |
|                       |   * QA/QC has been done for all sample    |
|                       |     batches.                              |
|-----------------------+-------------------------------------------|
| Drilling Methodology  |   * 5 wire line diamond drill holes were  |
|                       |     drilled to intersect the orebody      |
|                       |     below the current underground         |
|                       |     workings                              |
|                       |   * Core size was BQ                      |
|                       |   * All core was logged and sampled by a  |
|                       |     qualified geologist.                  |
|                       |   * The core was split and half submitted |
|                       |     to a certified laboratory in          |
|                       |     Tanzania.                             |
|-----------------------+-------------------------------------------|
| Location of Boreholes |   * All borehole collars were surveyed by |
|                       |     a qualified surveyor                  |
|                       |   * Down-the-hole surveys were not        |
|                       |     carried out due to the short          |
|                       |     drillhole lengths.                    |
|-------------------------------------------------------------------|
|           Estimating and Reporting of Mineral Resources           |
|-------------------------------------------------------------------|
| Database Integrity    |   * Examination of the database has not   |
|                       |     revealed any issues of concern that   |
|                       |     could significantly affect the        |
|                       |     current resource estimation           |
|-----------------------+-------------------------------------------|
| Estimation and        |   * Veins were modelled using Datamine    |
| Modelling Techniques  |     software, whilst estimation was done  |
|                       |     using GSLIB[i] software.  Estimation  |
|                       |     was completed using ordinary kriging  |
|                       |     and a minimum and maximum number of   |
|                       |     composites of 3 and 10 respectively.  |
|-----------------------+-------------------------------------------|
| Cut-Off Parameters    |   * Outlier trimming limits were          |
|                       |     determined using "indicator           |
|                       |     correlation for lag 1" plots,         |
|                       |     cumulative correlation plots and      |
|                       |     cumulative logarithmic probability    |
|                       |     plots.                                |
|-----------------------+-------------------------------------------|
| Classification        |   * Classification of estimated resources |
|                       |     used variographic ranges as factors.  |
|                       |     Classification scheme as per CIM[ii]  |
|-----------------------+-------------------------------------------|
| Bulk Density          |   * The average SG of 3 was used based on |
|                       |     measurements of samples submitted to  |
|                       |     SGS Laboratories, Johannesburg        |
|-----------------------+-------------------------------------------|
| Moisture Content      |   * Dry tonnes have been used             |
+-------------------------------------------------------------------+


This announcement has been approved for release by Mr Mark Austin. Mr
Austin is a geologist 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 is registered as a  Professional
Natural Scientist in the field  of Geological Science with the  South
African Council for Natural Scientific Professions and has  consented
to the inclusion of the material in the form and context in which  it
appears.

The orebody modelling was undertaken by Mr Corne Fourie, a  geologist
of 12  years  direct  industry  experience  and  more  than  5  years
experience on modelling using Datamine.  He has consented to the  use
of his modelling in this announcement. The author and practitioner of
the underground resource estimation report, who has consented to  the
inclusion of  the resource  statement  information reported  in  this
announcement, is Mr. Dexter  Ferreira, a senior geostatistician  with
over 19  years  experience  in  project  evaluation  internationally,
including extensive  involvement  with  mineral  projects  throughout
South America  and Africa.   He  is a  member  of the  South  African
Council for  Natural  Scientific  Professions, and  qualifies  as  an
'Expert', 'Competent  Person' and  'Qualified Person'  as defined  in
National Instrument  43-101 and  the JORC  Code. The  results of  the
surface deposits evaluation were previously reported in October  2007
and were the subject of an Independent report by Shango Solutions  of
Johannesburg.  The geostatistics in the  report were performed by  Dr
Carina Lemmer, PhD (Stanford).

Notes to Editors

Goldplat plc  is  an  AIM-listed gold  producer  with  operations  in
Africa.  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, it is developing the Kilimapesa Gold  Lolgorien
project,  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.

The Company has  two recovery  businesses based in  South Africa  and
Ghana, which, by safely  disposing mining by-products, fulfilling  an
important  aspect  of   operating  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.


[i] GSLIB is  an acronym  for geostatistical  software library.  This
name was originally used for a collection of geostatistical  programs
developed at Stanford University over the last 15 years
[ii] Canadian Institute of Mining, Metallurgy and Petroleum.


Glossary of Terms

MEASURED RESOURCE:  the  portion  of a  mineral  resource  for  which
tonnage,  densities,  shape,  physical  characteristics,  grade   and
mineral content can be estimated with a high level of confidence.  It
is based on detailed and  reliable exploration, sampling and  testing
information gathered through workings and drill holes.  The locations
are  spaced  closely  enough  to  confirm  geological  and/or   grade
continuity.

INDICATED RESOURCE: the part of a mineral resource for which tonnage,
densities, shape, physical characteristics, grade and mineral content
can be estimated with a reasonable level of confidence.  It is  based
on exploration,  sampling  and testing  information  gathered  though
appropriate techniques  from locations  such as  outcrops,  trenches,
pits, workings  and drill  holes.  The  locations are  too widely  or
inappropriately spaced to confirm geological and/or grade  continuity
but are spaced closely enough for continuity to be assumed.

INFERRED RESOURCE: the part of a mineral resource for which  tonnage,
grade and  mineral content  can  be estimated  with  a low  level  of
confidence.  It is inferred from geological evidence and assumed  but
not verified  geological and/or  grade continuity.   It is  based  on
information gathered  through appropriate  techniques from  locations
such as outcrops, trenches, pits, workings and drill holes which  may
be limited or of uncertain quality and reliability.

ADIT: a near-horizontal tunnel driven into a hillside

AUGER  DRILLING:  a drilling method  to  evaluate unconsolidated
sediments

ORDINARY KRIGING: Kriging is the estimation procedure used in spatial
geostatistics using known  values Ordinary Kriging  is the  commonest
type of Kriging.

SPECIFIC GRAVITY: defined as the ratio of density of the material  to
the density of water.

CARBON-IN-LEACH: a  metallurgical process  by which  granular  carbon
absorbs gold in solution.

---END OF MESSAGE---




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