Issue of Equity

Greatland Gold PLC
14 May 2007



GREATLAND GOLD PLC



                                Issue of Equity



Dated: 14 May 2007



Greatland Gold plc (the 'Company'), the mineral exploration and development
company focused on gold projects in Tasmania and Western Australia, has issued a
further 40,000,000 new ordinary shares of 0.1p each in the capital of the
Company (the 'Shares'), conditional on the Shares being admitted to trading on
AIM.



City Equities Limited has agreed to subscribe for 20,000,000 Shares at 2.00p per
Share. Following the subscription, City Equities Limited will hold 20,000,000
Shares, which is approximately 13.65% of the issued share capital of the Company
as enlarged by the placing.



Hoodless Brennan plc has also agreed to subscribe for 20,000,000 Shares at 2.00p
per Share. Following the subscription, Hoodless Brennan plc will hold 20,000,000
Shares, which is approximately 13.65% of the issued share capital of the Company
as enlarged by the placing.



Following the issue of these Shares the Company's total issued share capital
will be 146,550,000 Shares. Application has been made to the London Stock
Exchange for the Shares to be admitted to trading on AIM. Dealings are expected
to commence at 8.00 a.m. on 18 May 2007.



Enquiries:


Callum Baxter       [phone]           Greatland Gold plc            Managing Director

John Simpson        [phone]           ARM Corporate Finance Ltd     Nominated Adviser





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




                      This information is provided by RNS
            The company news service from the London Stock Exchange