Exploration Update

Greatland Gold PLC
14 August 2006



GREATLAND GOLD plc


Greatland Commences Drilling at Firetower


Dated: 14 August 2006


Greatland Gold plc (the 'Company') the mineral exploration and development
company focused on gold projects in Tasmania and Western Australia, is pleased
to announce that it has commenced exploration activities at its Firetower and
Warrentinna projects. This includes diamond drilling at Firetower.


Firetower

Diamond drilling at the Firetower prospect has commenced. The project contains
an initial inferred gold resource that has not been closed off, remains open in
all directions, and at depth. The mineralisation comes to surface, and mining
would be by open pit with a low stripping ratio. Previous drilling has returned
intercepts up to 30g/t gold. The current drilling program is aimed at defining
high-grade zones and to upgrade the resource base.

Also, recent surface sampling (auger soils) has been completed 3km northwest of
the Firetower prospect, at West Firetower. Results are encouraging and show
mineralisation over a large 3000m x 1000m area peaking at >100ppb gold. Mapping
has located mineralised rock samples at surface. No drill testing of this area
has been carried out but the company plans to complete first pass drilling as
soon as practicable. Three other high priority areas east of the Firetower
prospect remain to be followed up with surface sampling.


Warrentinna

Exploration activities have commenced at the Warrentinna project. These include
data compilation and geological mapping. Systematic surface sampling (auger
soils) is to be completed in the current quarter and resultant targets will be
subsequently drill tested.


Competent Person

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 Person's 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:
Callum Baxter    [phone]   Greatland Gold plc           Managing Director

John Simpson     [phone]   0191 ARM Corporate Finance Ltd    Nominated Adviser



Updates on the Company's activities are regularly posted on its website
www.greatlandgold.com



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