Exploration Update

10 November 2010

                               GREATLAND GOLD PLC

                               Exploration Update

              Proof of concept in initial drilling at Ernest Giles
A new large greenstone sequence discovered in the Eastern Goldfields of Western
                                   Australia


Greatland  Gold  plc  (the  "Company"),  the mineral exploration and development
company focused on gold projects in Australia, announces all results and further
information 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 with the core
samples being sent away for analysis.

The  basement Archaean rocks have not  been prospected previously because of the
presence  of younger cover sequences, and the Company's drilling was essentially
the  first  testing  of  the  area.  Western Mining Corporation, recognising the
prospectivity of the area, had attempted to explore the area in the late 1990s,
but with an eight hole reverse circulation percussion drilling program they were
able to reach the Archaean basement in only one hole.

The  Company's diamond hole collar details, as previously announced on 7 October
2010, 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 all the  analytical results for  all the sampling
carried  out in all holes. The  highest result returned was 0.7m at 0.44g/t gold
and many other highly anomalous results were reported.

The  drilling  encountered  large  alteration  systems  which  could  host major
mineralisation.  The target Archaean greenstones  were intersected in each hole,
beneath  variable thicknesses of  younger cover rocks,  and so the concepts that
the  Company was targeting have been proven.  The Company has discovered a large
new mineralised greenstone belt.

It  must be emphasised that the four  holes are spaced many kilometres apart, so
the  program was very  much a first  phase exploration in  a search for gold and
other  commodities in a new area. An illustration  of the large size of the area
and  the sparse distribution of the holes is shown with a background of magnetic
intensity     in     a     plan     which     can     be     viewed     at     -
www.greatlandgold.com/admin/20101110.pdf

Cover  rocks in the southern parts of the  area were found to be less thick than
expected,  being about 140m - 160m. It is hoped  that this will make both future
exploration  drilling and the  future development of  any discovery cheaper than
had  been previously anticipated. It also suggests that some of the area will be
amenable  to modern, cost effective and efficient Mobile Metal Ion (MMI) surface
geochemical  sampling to pinpoint subsurface  mineralised areas. It is envisaged
that  MMI surface geochemical sampling  will be the next  program carried out at
Ernest Giles followed by drilling of resultant targets.

The  sampling consisted  of half-core  splits of  the entire Archaean greenstone
lithologies,  and  selected  samples  of  the  cover  rocks, which are weathered
Permian  siltstones passing with  depth to Proterozoic  shales and dolomite. All
samples were analysed for gold as well as a large suite of other elements.

A  brief summary of the  rocks and alteration encountered  in each hole is given
below.

EGD001

The  northernmost hole targeting  a zone where  magnetic imagery suggests that a
shear truncates highly magnetic units.

Archaean  rocks, mostly mafic  but including minor  banded iron formation (BIF),
were  intersected at  328m to the  end of  the hole  at 378.8m. The rocks showed
minor  alteration with  pyrite and  minor shearing.  The maximum  gold was 5ppb
against   background   levels   of   gold  in  the  Archaean  of  1ppb or  less.
Interestingly,   chalcopyrite  (copper  sulphide)  was  visible  in  Proterozoic
dolomite  which occurs just above the Archaean greenstones. Here there is a best
intercept of 1.25m of 0.14% copper from 327m.


EGD002

Located  4.7km south of EGD001, targeting  a substantial termination of magnetic
units, thought to reflect a sheared altered zone.

Basaltic  Archaean rocks  were intersected  at 269m to  the end  of the  hole at
333m. The  rocks  showed  substantial  alteration  and  shearing  in places. The
maximum  gold was  50ppb against background  levels of  gold in  the Archaean of
1ppb or less.


EGD003

The  southern-most hole targeting breaks in very magnetic units postulated to be
an altered zone.

Archaean  rocks, of varied mafic affinity were intersected at 140m to the end of
the  hole at  301m. The rocks  showed substantial  and variable  alteration with
pyrite  locally and shearing in many places. The maximum gold was 125ppb against
background levels of gold in the Archaean of 1ppb or less.


EGD004

Located  3.5km north-west  of  EGD003,  targeting  a  complex zone with variable
magnetic intensity, postulated to be altered BIF.

Archaean rocks, being interbedded BIF and mafic rocks, were intersected at 168m
to  the end  of hole  at 301m. The  rocks show  pronounced alteration  with much
pyrite  which was  massive in  places. Complicated  shearing is often coincident
with  alteration. The style of alteration and wide alteration zones (for example
one  zone of 10m with visually 30% pyrite) with altered fractured BIFs resembles
that  at major mines  in the Murchison  and Southern Cross  Districts of Western
Australian  goldfields. The maximum gold was 0.45g/t over 0.7m from 232m, within
the  zone  mentioned  above.  Elsewhere  up  to  96ppb gold was returned against
background levels of gold in the Archaean of 1ppb or less.


NEW APPLICATION

In  view of the now proven high prospectivity of the region the Company has made
application  for a new exploration licence to the north of the existing holding,
covering more of the greenstone sequence which is reflected in airborne magnetic
surveys.  The tenement, E38/2467, has an area of 261 sq km, which, when granted,
will take the Company's total holding in the area to 948 sq km. The total strike
length of greenstones covered by the Company's licences is now over 120km.


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: "As  I have said previously, 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 with analogies to
major  gold deposits elsewhere  in Western Australia.  Our program has confirmed
that  a new  greenstone belt  is present  and it  has potential  for large-scale
mineralisation.  We were therefore encouraged to  apply for additional ground in
the area to give us a complete competitive advantage in this region."


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).  Analysis for copper  was by a  four acid digest  / optical emission
spectrometry (4A/OE).

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#1460938]








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