Drilling Results

Greatland Gold PLC
20 March 2007

 
                              GREATLAND GOLD PLC

                         Firetower Drilling Results


Dated: 20 March 2007


Greatland Gold plc (the 'Company') the mineral exploration and development
company focused on gold projects in Tasmania and Western Australia is pleased to
announce further analytical results from core drilling at Firetower. Since last
reporting drill results during February, additional significant intercepts up to
16.47g/t gold and 14.90g/t gold have been returned along with 5.57% zinc, 1.91%
lead and elevated copper and tungsten.


Firetower


Results are additional to those previously reported, and are from further
drilling within the resource area at Firetower. Results reflect zones of high
grade gold mineralisation within a lower grade halo. Depth extensions are also
apparent, however drilling to date has been of a shallow nature to encompass
proposed surface mining methods. Drillhole collars are presented in Table 1.


                          Table 1: Drill Hole Details

Hole ID         AMG East          AMG North         Azimuth        Dip      Depth
                   (m)               (m)           (degrees)    (degrees)    (m)

  FTD026        445 947.3        5 405 118.2           3           -50       83.3
  FTD027        445 947.5        5 405 113.7          177          -50       60.1
  FTD028        445 934.4        5 405 053.3          319          -40      136.0
  FTD029        445 932.7        5 405 052.5           0           -30       74.2
  FTD030        445 973.1        5 405 069.7          30           -40       92.5
  FTD031        446 055.0        5 405 091.7          30           -50       72.7


AMG - Aust. Map Grid Co-ordinate, Azimuth - drillhole direction, Dip - drillhole
                             angle from horizontal


Better intercepts include 4m at 3.80g/t gold from 55m, including 0.5m at 
16.47g/t gold. Also 2.2m at 6.63g/t gold from 72m, including 1.2m at 14.90g/t
gold at end of hole, this latter intercept remaining open. Significant
intercepts are presented in Table 2. These results confirm higher grade plunging
shoots within a lower grade mineralised system over the larger resource area.


Base metals, which represent potentially valuable by-products, reported their
highest grade intercepts to date. These include 5.57% zinc, 1.91% lead and 0.47%
copper. Highly anomalous tungsten intercepts were, again, widespread.


             Table 2: Firetower Significant Results (>1.0g/t gold)


  Hole No      From       To        Width       Gold        Copper       Lead       Zinc      Tungsten
                (m)       (m)        (m)        (g/t)        (%)          (%)        (%)         (%)

   FTD026       5.0       6.0        1.0        4.56         0.17
               12.0      13.0        1.0        2.19                                            0.12
               46.0      50.0        4.0        2.00
               52.0      53.0        1.0        5.68                                            0.38
               55.0      59.0        4.0        3.80
        incl   55.0      56.0        1.0        3.45         0.15
         and   57.6      58.1        0.5        16.47        0.44        1.91       5.57        0.27
         and   58.1      59.0        0.9        3.73
               61.0      62.0        1.0        1.02         0.47
               79.0      80.0        1.0        1.50         0.27                               0.17
               80.0      81.0        1.0        1.92         0.17                               0.11

   FTD027       0.7       6.0        5.3        1.60
               10.0      11.0        1.0        1.32                                0.38
               13.0      14.0        1.0        1.04
               19.0      21.0        2.0        1.18
               28.0      33.0        5.0        2.05
        incl   30.7      32.0        1.3        3.27
               35.0      36.0        1.0        3.26

      FTD028   46.0      47.0        1.0        1.07
               52.0      53.0        1.0        1.00
               63.0      67.0        4.0        2.61
        incl   63.0      64.0        1.0        2.55         0.36        0.20       0.31        0.27
         and   65.0      66.0        1.0        2.72         0.12        0.16       0.69        0.15
         and   66.0      67.0        1.0        3.57                     0.28       0.45        0.35
               125.0     127.0       2.0        1.22         0.40                               0.23

   FTD029      30.0      31.1        1.0        1.21
               43.0      50.0        7.0        2.31
        incl   43.0      44.0        1.0        3.65
         and   44.0      45.0        1.0        3.60
         and   48.0      49.0        1.0        3.52
               56.0      59.0        3.0        3.77
        incl   56.0      57.0        1.0        3.47                                            0.15
               57.0      58.0        1.0        6.05                     0.35       1.26        0.45
               58.0      59.0        1.0        1.79                     0.11       0.42        0.32
               66.0      67.0        1.0        1.31
               72.0      74.2        2.2        6.63
        incl   73.0      74.2        1.2        14.90        end          of        hole        ****

   FTD030      60.0      61.0        1.0        1.10                                            0.16
               68.0      69.0        1.0        1.01

   FTD031      22.0      23.0        1.0        1.05


               m - metres,  g/t - grams per tonne,  % - per cent


Other Activities at Firetower


At the Firetower West prospect, a completely separate area some 2.5km north-west
of the resource area, first pass diamond core drilling is largely complete. As
previously reported, surface indications of gold and base metal mineralisation
have been identified over a 2km x 1km area at Firetower West making this a large
mineralised system. Preliminary geological logging of drillcore has confirmed
the presence of mineralisation, and analytical results are awaited.


Mapping and surface sampling of other regional targets areas in the east of the
project area is underway.



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 diamond drilling results are obtained from half NQ core. All samples are
prepared at Genalysis Laboratory Services' Adelaide facility using a single
stage pulverisation, and assayed at Genalysis Laboratory Services' Perth
laboratory. A 50g lead collection fire assay digest with atomic absorption
spectrometry (AAS) analysis technique is used for gold, and a Four Acid
(hydrofluoric, nitric, perchloric and hydrochloric) digest with an Optical
Emission Spectrometry (OES) finish for other elements. Full quality control is
achieved using a suite of standards, duplicates, repeats and blanks.

The spatial location of samples is derived using by registered surveyor using a
total station theodelite and classical surveying methods based on geodetic trig
station control, and Eastman single shot downhole or north seeking gyro surveys.
Stated co-ordinates are based on the Australian Map Grid 1966, Zone 55 (AGD66
Zone 55).


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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