Exploration Update

GREATLAND GOLD PLC

                         Exploration Update


26 March 2009



Greatland Gold plc ("Greatland" or the "Company"), the mineral
exploration and development company focused on gold projects in
Tasmania and Western Australia, is pleased to provide an update on
exploration progress.

We have extended the scope  of our exploration activities,  primarily
via the acquisition of ground adjoining our existing properties. Also
we are engaged in  preparatory work ahead  of drilling programmes  at
the Firetower and Warrentinna projects scheduled for the second  half
2009.


Firetower

The  Company  has  successfully  secured  mineral  title  to   ground
adjoining the northern parts of the Firetower project tenements. This
area named Beulah holds  the northern strike  extensions of gold  and
base metal mineralisation  at the Firetower  West prospect and  other
known gold occurrences including the Star of the West prospect.

The addition  of  this  tenement  increases the  total  size  of  the
Firetower project from 159 sq  km to 264 sq  km; an increase of  over
60%. The strike length of the Firetower project is now  approximately
55 km. The Beulah tenement was  applied for by the Company under  the
Mineral Resources Tasmania exploration release area (ERA) process and
title was awarded to Greatland.

Ground activities are ongoing  at the Firetower  project. At the  CRA
Anomaly 1 prospect, located 2.5km east of the existing Firetower gold
resource, mapping and soil sampling is being completed. Previous work
by the Company at  the CRA Anomaly 1  prospect returned up to  916ppb
gold in surface  samples. Gold  and base metal  anomalism is  present
over several hundred  metres of  strike. The  geological setting  and
mineralisation style is directly analogous to the Firetower  resource
area. This  area has  not been  previously drill  tested and  current
works are in  preparation for drilling  activities scheduled for  the
second half of 2009.

Activities are also underway at the Asarco West prospect, located 7km
east of the  Firetower gold resource,  where previous  reconnaissance
sampling by Greatland retuned elevated  gold and base metal  results.
Surface sampling and mapping  is in progress  to better define  drill
targets.


Warrentinna

At the Warrentinna project,  Greatland has found gold  mineralisation
unrecognised by previous explorers and historical miners at the Derby
North prospect. Drilling returned up to  1m at 6.06g/t gold from  55m
in WTR004  and surface  sampling returned  up to  20.75g/t gold.  The
Company concluded the area  has some potential  for an open  pittable
gold resource. Current work includes preparation for further  reverse
circulation (RC) drilling at Derby  North. Drilling will test  strike
extensions to gold mineralisation intersected in previous drilling by
the Company. Drilling is scheduled for the second half of 2009.

Also at  the Warrentinna  project a  number of  areas returning  high
(+100ppb) gold  in drainage  remain  to be  followed up.  Grid  based
surface sampling  of these  areas  is underway  and results  will  be
reported in due course.


East Lisle

We expect to commence field activities in the second half of 2009.


Lackman Rock

Greatland is awaiting grant of title to this tenement. We expect to
commence field activities in the second half of 2009.


Corporate

Greatland is encouraged  by the strong  investment outlook for  gold.
Recent forecasts suggest gold will  average over $1,000 per ounce  in
2009, and the  Canberra based Australian  Bureau of Agricultural  and
Resource Economics  (ABARE)  expects  the value  of  Australian  gold
exports to  rise  by 59  per  cent to  $17.3  billion in  2008-09  in
response to  both higher  export volumes  and a  considerably  higher
Australian dollar  denominated gold  price. Our  business remains  on
course to share in the sector's prosperity.

Mindful of the investment climate, Greatland has reduced its
administration expenditure. The Company retains a strong cash
position with no debt, and is able to fund its activities through
2009 and beyond. There is no immediate requirement for capital. The
Company is in discussion with third parties regarding joint venture
arrangements for its Firetower and Warrentinna projects.


Callum Baxter, Managing Director, commented: "We have successfully
increased the footprint of the Firetower project by over 60% through
a government based competitive bid process. This is a reflection of
our technical capability with regard to mineral exploration. We have
moved into new areas at Firetower and Warrentinna never prospected by
previous explorers and have successfully found gold mineralisation;
again this is due to our diligent and attentive approach to
exploration. Also we have focussed our efforts on our two core
projects of Firetower and Warrentinna to better direct the budgeted
exploration funds.

As a team we have reduced administration expenditure and redirected
these savings toward exploration. Importantly, we do not have the
burden of large ongoing full time personnel and equipment costs. We
will continue to internally finance our exploration activities
through 2009 without the need to raise further capital."


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 plc, 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.


Enquiries:

Greatland Gold plc
Callum Baxter
Tel  [phone]
Email:  [e-mail]
www.greatlandgold.com


Grant Thornton UK LLP
Gerry Beaney / Colin Aaronson
Tel  [phone]

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