Exploration Update

11 August 2011

                               GREATLAND GOLD PLC

                               Exploration Update

                          Warrentinna Drilling Results


Greatland  Gold  plc  (the  "Company"),  the mineral exploration and development
company  focused on gold  projects in Tasmania  and Western Australia, announces
further results from drilling at its Warrentinna project in Tasmania.

Results from duplicate sampling of RC drill samples has increased tenor of  high
grade mineralisation at Derby North with results including 4m at 23.95g/t gold.


Warrentinna

As  announced on 28th June 2011, a recent  program of Reverse Circulation ("RC")
drilling  was completed  at the  Derby North  prospect during April 2011. All RC
holes  were drilled to a maximum  depth of approximately 100m. Drill hole collar
details are presented in Table 1.

                              Table 1 - RC Collars

+---------+-------------+--------+---------+-----------+-----------+-----------+
| Hole ID |  Prospect   |  East  |  North  |    Dip    |  Azimuth  | Depth (m) |
|         |             |        |         | (degrees) | (degrees) |           |
+---------+-------------+--------+---------+-----------+-----------+-----------+
|         |             |        |         |           |           |           |
| WTR021  | Derby North | 561648 | 5447305 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR022  | Derby North | 561602 | 5447301 |    -60    |    090    |    102    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR023  | Derby North | 561555 | 5447302 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR024  | Derby North | 561657 | 5447381 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR025  | Derby North | 561582 | 5447350 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR026  | Derby North | 561627 | 5447349 |    -60    |    090    |    100    |
+---------+-------------+--------+---------+-----------+-----------+-----------+
| WTR027  | Derby North | 561602 | 5447327 |    -60    |    090    |    99     |
+---------+-------------+--------+---------+-----------+-----------+-----------+
|         |             |        |         |           |           |           |
+---------+-------------+--------+---------+-----------+-----------+-----------+
Co-ordinates - ADG66 ZONE55


As  part of the Company's internal checking and verification procedures a number
of  intervals from the recent RC drilling campaign were selected for re-sampling
as  duplicates. Results of  these duplicate samples  have now been received. All
results above 1g/t are reported below.

Maximum  result was 4m at 23.95g/t gold from 88m in hole WTR026 including repeat
analysis  of 12.45g/t gold and 7.97g/t gold for the same downhole interval. This
compares  to 4m at 5.16g/t gold and 4.90g/t gold from the same downhole interval
from  the  original  batch  of  results  reported  to  market  on 28th June. The
variability  in grades is a common feature  of deposits that exhibit coarse gold
and this is referred to as the 'nugget effect'.

It  is noted that this hole, WTR026, bottomed in mineralisation and remains open
at  depth. Also WTR026 lies adjacent to WTR013 previously drilled by the Company
that intersected 5m at 29.26g/t gold from 36m. Initial interpretation of results
suggests  that drilling has intersected an  east plunging high grade shoot which
remains open at depth.

Further  single  metre  sampling  of  mineralised 4m composites will be complete
shortly  and results of  these are scheduled  to be reported  during the current
quarter. Single metre sampling is likely to return high tenor gold grades.


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 ore bodies.

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


Callum  Baxter,  CEO,  commented:  "Additional  high  grades from Derby North is
encouraging  and  the  1m re-samples  currently  being  carried out should again
provide  high tenor gold grades. Nuggety coarse  gold is what we have found from
all  our work so far and these high grades from the Warrentinna project area are
welcome.  The gold price is  going from strength to  strength due to high demand
for  gold bullion from central banks and ETFs  and we expect this to continue in
the near term."


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.

All  RC drill sample  results were obtained  from 4m composite spear sampling to
4kg. All  samples  were  prepared  at  Genalysis  Laboratory  Services' Adelaide
facility  using single stage pulverisation,  and assayed at Genalysis Laboratory
Services' Perth laboratory. A 50g Fire Assay with atomic absorption spectrometry
analysis technique (AAS) was used for gold.

Sample  quality  control  is  achieved  using 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]









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Source: Greatland Gold PLC via Thomson Reuters ONE

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