Exploration Update

GREATLAND GOLD PLC

                         Exploration Update


17 December 2008





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


Firetower

Recent activities have included interpretation and integration of
data collected to date. Detailed ground magnetic data, with field
mapping information, surface sampling results and drilling records
have been used to produce an updated model for gold mineralisation at
Firetower. New drill targets are apparent. Work for the coming six
months will entail 3D drill data modelling, further detailed ground
magnetics and technical reporting.


Warrentinna

Drilling earlier in the year, and subsequent re-analysis of samples,
identified a new zone of mineralisation at Derby North. Follow up
surface sampling has been planned to identify strike extensions to
this mineralisation. Sampling is scheduled for completion during the
first half of next year. Detailed ground magnetics will be completed
in conjunction with sampling at Derby North.

Further north at the Southern Cross area, reconnaissance surface
sampling completed mid 2008 returned elevated levels of gold from a
number of areas. Follow up of these anomalies with mapping and infill
surface sampling is planned for 2009.


East Lisle

Data compilation and field review of the twenty gold prospects
identified within the project area is underway. Results will be
reported in the first half of next year.


Lackman Rock

No field work has been carried out within the project area as the
Company is awaiting grant of the title.


Corporate

The investment climate remains difficult. Forced selling compounds
the chaos. This is reflected in the share price of many exploration
companies, Greatland Gold included. However, if fundamentals are
considered, a more promising 2009 is possible.

The company has taken many measures to reduce its expenditure rate
but it continues to conduct meaningful exploration activities, albeit
at lower levels. The company has a strong cash position and no debt.

Callum Baxter, Managing Director, commented: 'For a junior explorer
times are difficult, however Greatland has taken meaningful steps to
reduce overheads. We are not saddled with large ongoing equipment
costs, such as those with their own drilling rigs and associated
drill crews for example. We have a small, focussed and flexible
workforce who are multi skilled in capital markets, mineral
exploration and company administration. At current expenditure levels
we will continue meaningful exploration activities into 2009 and
beyond without the requirement for 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, 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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