Placing of Shares

9 June 2011



                               Greatland Gold plc

                               Placing of Shares



Greatland  Gold plc ("Greatland" or the  "Company"), the mineral exploration and
development  company focused on gold projects in Tasmania and Western Australia,
is  pleased to announce  that it has  placed 11,111,111 Ordinary Shares of 0.1p
each  in Greatland at a price of 2.25p per share  to raise a total of £250,000
before expenses.

The  funds raised  will be  used to  provide additional  working capital for the
Company.

Application  has been made for the admission  to trading on AIM of these shares,
with admission expected to take place on 15 June 2011.

Following  the  issue  of  these  shares,  Greatland's  capital  will consist of
300,661,111 ordinary  shares of 0.1p with voting rights. Greatland does not hold
any shares in treasury.

Therefore, the total number of voting rights in Greatland is 300,661,111.

The  above  figure  may  be  used  by  shareholders  as  the denominator for the
calculations  by which they will determine if  they are required to notify their
interest  in, or  a change  to their  interest in,  the Company  under the FSA's
Disclosure and Transparency Rules.


For more information please contact:

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

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







This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Greatland Gold PLC via Thomson Reuters ONE

[HUG#1522407]