Exploration Update

7 October 2010

                               GREATLAND GOLD PLC

                               Exploration Update

              Proof of concept in initial drilling at Ernest Giles


Greatland  Gold  plc  (the  "Company"),  the mineral exploration and development
company  focused on gold  projects in Australia,  announces the first tranche of
results from its maiden drilling program at its Ernest Giles gold project.


Ernest Giles

The  Ernest  Giles  gold  project  is  located  in the far eastern goldfields of
Western  Australia. Over  the last  few months  the Company completed its maiden
drill  program which consisted of four  vertical diamond holes, and core samples
were sent for analysis. Diamond hole collar details are presented in Table 1.


              Table 1 - Ernest Giles Project Diamond Hole Collars

+-------+----------+-------+---------+---------+---------+---------+
|Hole ID| Licence  | East  |  North  |   Dip   | Azimuth |Depth (m)|
|       |          |       |         |(degrees)|(degrees)|         |
+-------+----------+-------+---------+---------+---------+---------+
|       |          |       |         |         |         |         |
|EGD001 |Peterswald|583 650|7 040 550|   -90   |   000   |   385   |
+-------+----------+-------+---------+---------+---------+---------+
|EGD002 |Peterswald|585 350|7 036 300|   -90   |   000   |   333   |
+-------+----------+-------+---------+---------+---------+---------+
|EGD003 |Calanchini|600 670|7 014 130|   -90   |   000   |   301   |
+-------+----------+-------+---------+---------+---------+---------+
|EGD004 |Calanchini|599 050|7 017 225|   -90   |   000   |   301   |
|       |          |       |         |         |         |         |
+-------+----------+-------+---------+---------+---------+---------+
                                                     Co-ordinates - WGS84 ZONE51


The  Company has now received  the first tranche of  results. The highest result
returned  was 0.7m at 0.44g/t gold although  many other highly anomalous results
below  0.1g/t gold were reported. This tranche of results was from intercepts of
visible sulphides in holes EGD003 and EGD004.

The  drilling  encountered  large  alteration  systems  which  could  host major
mineralisation.  Total  strike  length  of  greenstones covered by the Company's
licences is over 100km.

This first tranche of results represents approximately 25% of total samples sent
for  analysis. It is envisaged further results  will be available for release in
early  November. A full technical commentary will be given once all results have
been received.


Corporate

Greatland  Gold owns 100% of all projects in its portfolio. The Company's policy
is  to develop its projects via systematic exploration activities culminating in
the drilling of strategic targets in an effort to locate new orebodies.

The  Company concentrates its efforts in  Australia where there is low political
risk, an established mining culture, and regions prospective for new orebodies.


Callum  Baxter, Managing  Director, commented:  "It is  very encouraging  to see
proof  of concept in  the first drilling  at Ernest Giles.  We have drilled only
four  holes to date in  a strike length of  more than 100km and have intersected
extensive  gold bearing alteration  systems in two  of the holes. Although these
partial,  early results contain only low  gold grades they confirm the potential
for  large  scale  mineralisation.  We  look  forward to releasing the remaining
results  and our interpretation, although we  are already confident that further
work is justified."


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  stated  geochemical  sample  results  were  obtained from half NQ core. All
samples  were sent  to Genalysis  Laboratory Services  in Kalgoorlie  and Perth.
Analysis  for  gold  was  done  by  50g Fire  Assay  /  solvent  extraction  AAS
(FA50/SAA).

All  sample quality control is achieved  using a suite of standards, duplicates,
repeats and blanks.

Where   the   Company   has  made  reference  to  drill  intersections  in  this
announcement, it has interpreted these are at, or near, true widths.


Enquiries:


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


Grant Thornton Corporate Finance
Gerry Beaney / Colin Aaronson
Tel  [phone]



[HUG#1449845]








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Source: Greatland Gold PLC via Thomson Reuters ONE