Final Results

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
15th September 2008
             Goldplat plc ('Goldplat' or the 'Company')
                        Preliminary Statement

Goldplat plc, the AIM  listed gold producer,  is pleased to  announce
its results for the year ended 30 June 2008.

Overview


  * Pre-tax profits more than doubled to £1,624,000 for the year
    ended 30 June 2008 (30 June 2007 £751,000)
  * Healthy cash position with £1,486,000 in the bank
  * Gold production at Kilimapesa in Kenya on track to commence in Q4
    of 2008 - financial contribution expected FY 2009
  * South Africa recovery plant is performing buoyantly - new and
    upgraded machinery enabling materials to be processed more
    efficiently, enhancing economies of scale
  * Stocks of materials for processing have increased to record
    levels of circa 1.4 tonnes contained gold (circa 45,000 oz of
    gold) in South Africa
  * Ghanaian recovery plant progressing well with revenues steadily
    increasing - set to contribute fully to profits in current year
  * 89,000 tonnes of artisanal tailings stockpiled, estimated to
    contain up to 35,000 oz, based on representative samples of gold
    in Ghana
  * Formed joint venture company in line with South Africa's Black
    Economic Empowerment policy
  * Strategy of acquiring known deposits of between 200,000 and one
    million oz  of gold with a short lead time to production -
    continuing to review a number of projects across Africa


Goldplat CEO Demetri  Manolis said, "These  excellent results,  which
are ahead of  market expectations, emphasise  the strong progress  we
are making across the  board.  The gold  recovery operations in  both
South Africa and Ghana are generating increased cash flow which means
we are  a  profitable operation.   Our  stockpiles will  ensure  that
production is  maintained which  provides increased  solidity to  our
business model.  Goldplat's  Kenyan Lolgorien  gold  exploration  and
production project is advancing as  planned, with an aim to  commence
production in Q4 2008.  This is the first step in creating a mid-tier
mining house focused  on gold production,  leveraged through  revenue
generated from its gold recovery operations."

Chairman's Statement

It gives  me great  pleasure  to report  on your  Company's  progress
towards fulfilling its objective of creating a mid-tier mining  house
focussed on gold production, leveraged through revenue generated from
its gold recovery operations  in South Africa  and Ghana. During  the
period under review we  have advanced our  Kenyan gold project  where
production is due  to commence  Q4 this year,  strengthened our  cash
position via increasing  revenues from our  recovery operations,  and
continued to seek new acquisition opportunities throughout Africa  to
expand the Company's asset base.

I am  pleased  to  report a  116  %  increase in  pre-tax  profit  to
£1,624,000 for the year ended 30  June 2008, and an after tax  profit
of £1,054,000 (pre-tax profit £751,000, after tax profit £569,000: 30
June 2007).

Rapidly Advancing Towards Production from Mining

Kenya
Developments  at  our  50/50   joint  venture  Kilimapesa  Gold   Ltd
('Kilimapesa') Lolgorien project in  Kenya have progressed well  with
our US$500k  plant  refurbishment  programme  on  track  to  commence
production in  Q4  2008.   The  plant  will  initially  be  fed  from
stockpiles, which now  amount to  over 2,000  tonnes, delivered  from
artisanal high grade tailings and  from our own underground Phase  II
development programme.

Phase I of the programme focussed on the evaluation of 10 key targets
within the  licence  area.    Phase II  comprises  the  extension  of
existing underground  development to  provide a  high confidence  ore
resource evaluation of the quartz vein ore bodies at Kilimapesa Hill.
The total strike length now exposed has been extended to 93  metres.
Chip sampling assay results  indicate that the  entire strike has  an
average gold value of 6.9 g/t gold over a stope width of 1.27  metres
and excitingly contains a  42 metres stretch  grading 10.13 g/t  gold
over 1.4 metres.

The main adit has also been fully equipped with rails which allow the
use of 'coco pans' to transport the broken ore to the tipping point.
Production efficiencies will increase markedly as a result.

In addition to the on-reef development, a diamond drilling  programme
has commenced comprising  14 holes for  a total drill  length of  500
metres.  These holes are designed  to intersect the quartz vein  some
30-40 metres  down-dip from  the  current on-reef  development.   The
information from the drilling programme, together with that from  the
adjacent development, will be modelled in 3D using Datamine  software
and used to produce a JORC - compliant ore resource statement.  It is
hoped that the close  proximity of the  sampling points should  allow
for a high confidence resource.

In addition, developments to local infrastructure are underway by the
Rural Electrification Authority ('REA') including an  electrification
programme for the local  town of Lolgorien.  Due  to be completed  by
the  end  of  September  2008,  this  programme  should  benefit  our
operation considerably  as  it precludes  the  use of  expensive  and
inefficient diesel generators.

Expansion

As part  of  our strategy  of  acquiring known  deposits  of  between
200,000 and  one  million  oz of  gold  with  a short  lead  time  to
production, Goldplat continues to review a number of projects  across
Africa.

Earlier this  year,  we  formed  a  joint  venture  company  to  take
advantage of potential acquisition opportunities in South Africa,  in
line with the  country's Black Economic  Empowerment policy  ('BEE').
 We are currently reviewing  interesting mining opportunities  within
the country  and  anticipate updating  the  market shortly  with  our
progress.

Increasing Revenues

South Africa
Our recovery business in South  Africa is performing buoyantly,  with
our new and  upgraded machinery  enabling materials  to be  processed
more efficiently,  thereby  enhancing economies  of  scale.   Further
improvements are scheduled at  the plant, including the  installation
of an  automatic  gravity  concentrator,  which  is  expected  to  be
operational before  the year  end, in  place of  the existing  labour
intensive units.

In addition, stocks  of materials  for processing  have increased  to
record  levels  of   circa  1.4  tonnes   contained  gold.    Further
discussions are underway with a  number of leading gold producers  in
the region  for the  recovery of  by-products and  the purchasing  of
surface material  stockpiles.  If  secured, we  will have  sufficient
material for an additional two years  of production for all lines  of
production at the plant.

The stocks of woodchips and material suitable for the gravity circuit
are also continuing to increase  with stocks now exceeding two  years
of production.  We have also increased  our market share of the  mill
liner cleaning service.

Negotiations are underway with  our strategic partner, Rand  Refinery
Ltd, to reduce processing charges  on the basis of increased  volumes
of concentrates  delivered to  Rand Refinery  by Goldplat.   If  such
discussions are successful our operational costs will be  streamlined
further.

Goldplat Recovery is classified  as a mine  under South African  law,
and therefore needs to comply with legislation relating to BEE.  This
requires 15%  of  Goldplat  Recovery  to  be  owned  by  Historically
Disadvantaged South Africans by  1 May 2009, increasing  to 26% by  1
May 2014.  Negotiations  are under  way with BEE  entitities for  the
sale of the required  percentage of Goldplat  Recovery at full  value
for such a minority interest.

Ghana
Our Ghanaian recovery plant commenced production at the beginning  of
the year  and  is  now  running at  full  capacity.   Operations  are
progressing  well   with   revenues  steadily   increasing,   further
improvements scheduled to  maximise the plant's  efficiency in  place
and new  supplies  of raw  materials  have been  secured  for  future
processing.

A new incinerator for the processing  of the fine carbon is  expected
to be installed and  operational in early  2009.  This should  reduce
the plant's costs and ensure that it is competitive when bidding  for
fine carbon stockpiles.   The  new incinerator will  also add to  our
local beneficiation achievements, increase  flexibility to process  a
larger variety  of materials  and  boost the  number of  local  staff
employed.

In addition, the new smelter is operational and the first samples  of
gold purchased from the small workers have been smelted.  The bullion
produced assayed in excess of 85% gold.

As previously  reported,  three large  surface  stockpiles  totalling
37,000 tonnes of material estimated to contain up to 7,465 oz of gold
based on assays of representative  samples were purchased from  third
parties.  Goldplat  now  has  89,000  tonnes  of  artisanal  tailings
stockpiled, estimated to contain  up to 35,000 oz  of gold, based  on
representative samples of gold, which  exceeds nine years of  current
production capability.  Following leach  tests on composite  samples,
these materials have been re-measured and evaluated by an independent
laboratory, which confirmed the previous conclusion that the recovery
of gold is high.

In order to ensure a continuous  supply of materials to process,  the
plant was recently awarded a second contract for a large shipment  of
fine carbon  by Gold  Fields  Limited's Tarkwa  gold mine  in  Ghana.
  Additionally, we have submitted a  number of tenders including  one
to AngloGold Ashanti to  process its fine  carbon materials from  its
operations in Ghana, Mali, the Republic of Guinea as well as  various
tenders to smaller operations in Mali as part of our drive to  expand
Goldplat's geographic reach.

Corporate Initiatives

We  believe  that  the  performance  of  our  share  price  has  been
influenced by  general market  sentiment  rather than  the  Company's
underlying value.  We  have therefore put  in place a  number of  new
initiatives, which we hope will help investors to understand our true
potential.   These  include  the  appointment  of  a  joint   broker,
Alexander David Securities Limited,  to support private client  share
transactions;  a  new  website,  to  give  improved  information   to
investors as well as Goldplat's  clients; a programme of webcasts  to
update  shareholders  on  Goldplat's   progress;  and,  through   the
Financial Times London Share  Service section, the identification  of
some 1,500 potential investors requesting Goldplat's accounts.

Following the  introduction of  the Companies  Act 2006  changes  are
required to the Company's Articles  of Association.  A resolution  to
adopt Articles compliant with  the new Act is  being proposed at  the
Annual General Meeting.  At the  same time the directors are  seeking
powers to buy back ordinary shares, to be held in treasury and resold
to satisfy market  demand.  It  should be  stressed that  this is  an
enabling resolution.

Financials

I am pleased to  report excellent pre-tax  profits of £1,624,000  for
the year ended 30 June 2008, and an after tax profit of  £1,054,000.
Pre-tax profit increased by  more than 100%;  however the tax  charge
increased as  a  percentage  of  profits  due  to  secondary  tax  on
dividends remitted back to the  parent company. This trend should  be
offset in the current year by the tax holiday of ten years negotiated
in Ghana.

Our cash position remained healthy  with £1,486,000 in the bank.   No
dividend is  proposed as  the profits  will be  retained for  further
expansion of the  Company's operations and  to accelerate our  growth
strategy.

Profitability at our South African operation remains at a high  level
and despite being a mature business, new opportunities continue to be
identified and implemented.  In the current year full contribution to
the Group's total  profits are  expected from  our Ghanaian  recovery
plant which became fully operational in  the second half of the  last
financial year.   With no  tax payable  in Ghana,  profits will  flow
directly through  to the  bottom line.  In addition  with  Kilimapesa
targeted to commence initial production  in Q4 2008, we believe  that
Kilimapesa will  become a  positive contributor  to profitability  in
financial year 2009.

Staff and Government Relations

Staff relations, both in  South Africa and  Ghana, remain good.  Once
more  the  operations  have  an  excellent  safety  record,  with  no
reportable accidents at any group  company.  Our new developments  in
Ghana and Kenya benefit  from the support of  the Governments of  the
countries, and  are  seen  as benefitting  the  countries  employment
opportunities, and, in the case of Ghana, the recovery plant is  seen
as a valuable contribution towards environmental obligations.

Outlook

I believe that  our objective  to build Goldplat  into a  significant
mid-tier gold mining house in Africa will soon become a reality.   We
are currently in a favourable gold price environment and although its
spot price has tailed off, the general consensus remains that gold is
a safe haven to invest in,  which naturally bodes well for us.   With
Kilimapesa on target to commence production in the fourth quarter  of
2008 and  both  of our  recovery  businesses increasing  revenues,  I
believe that Goldplat has a bright future.

Finally, I would  like to take  this opportunity to  thank my  fellow
directors, advisers,  management  teams and  shareholders  for  their
dedication and support over the past year, which has seen Goldplat go
from strength to strength.

Brian Moritz
Chairman
12 September 2008

Group and Company balance sheets
as at 30 June 2008


                                        Group       Company
                                      2008  2007  2008  2007
                                     £'000  £'000 £'000 £'000

Assets
Non-current assets
Property, plant and equipment         1,885 1,660     -     -
Pre-production expenditure              233     -     -     -
Goodwill                              5,018 5,018     -     -
Investments                               -     - 6,425 6,425
Loans to subsidiary companies             -     -   116   377
                                      7,136 6,678 6,541 6,802

Current assets
Inventories                           1,138   418     -     -
Trade and other receivables           1,437   885    27     8
Cash and cash equivalents             1,486 1,303 1,024   698
                                      4,061 2,606 1,051   706

Total assets                         11,197 9,284 7,592 7,508

Equity and liabilities
Equity attributable to
equity holders of the Company
Issued capital                        1,121 1,090 1,121 1,090
Share premium                         6,772 6,556 6,772 6,556
Retained earnings/Accumulated losses  1,623   569 (356) (163)
Exchange reserves                     (482) (155)     -     -
Total equity                          9,034 8,060 7,537 7,483

Minority interest                         -     -     -     -

Non-current liabilities
Provisions                              109    31     -     -
Obligations under finance leases          -    22     -     -
Deferred tax liabilities                241   292     -     -
Loans and borrowings                    301     -     -     -
                                        651   345     -     -

Current liabilities
Trade and other payables              1,145   545    55    25
Obligations under finance leases         30    67     -     -
Taxation                                337   186     -     -
Bank overdraft                            -    81     -     -
                                      1,512   879    55    25

Total equity and liabilities         11,197 9,284 7,592 7,508


Group income statement
for the year ended 30 June 2008


                                                  Group
                                              2008    2007
                                              £'000   £'000


Revenue from precious metals                   7,713   4,962
Cost of sales                                (5,259) (3,660)
Gross Profit                                   2,454   1,302
Administrative expenses                        (715)   (533)
Operating profit/(loss) before finance costs   1,739     769
Finance income                                    82      30
Finance expense                                (197)    (48)

Profit before tax                              1,624     751

Taxation                                       (570)   (182)

Profit for the year                            1,054     569


Earnings per share
Basic                                          0.95p   0.58p
Diluted                                        0.94p   0.57p




Group and Company statements of changes in equity
for the year ended 30 June 2008


                             Share   Share    Retained Exchange Total
                           capital premium      income reserves
Group                        £'000   £'000       £'000    £'000 £'000

Profit for the year              -       -         569        -   569
Issue of share capital       1,090   6,885           -        - 7,975
Costs associated                 -   (329)           -        - (329)
with the issue of share
capital
Exchange translation loss        -       -           -    (155) (155)

Balance at 30 June 2007      1,090   6,556         569    (155) 8,060

Profit for the year              -       -       1,054        - 1,054
Issue of share capital          31     216           -        -   247
Exchange translation loss        -       -           -    (327) (327)

Balance at 30 June 2008      1,121   6,772       1,623    (482) 9,034


                             Share   Share Accumulated Exchange
                           capital premium      losses reserves Total
Company                      £'000   £'000       £'000    £'000 £'000

Balance at 30 June 2006         50       -        (18)        -    32
Loss for the year                -       -       (145)        - (145)
Issue of share capital       1,040   6,885           -        - 7,925
Costs associated                 -   (329)           -        - (329)
with the issue of share
capital

Balance at 30 June 2007      1,090   6,556       (163)        - 7,483

Loss for the year                -       -       (193)        - (193)
Issue of share capital          31     216           -        -   247

Balance at 30 June 2008      1,121   6,772       (356)        - 7,537


Group and Company cash flow statements
 for the year ended 30 June 2008

                                                 Group      Company
                                              2008  2007  2008  2007
                                              £'000 £'000 £'000 £'000


Cash flows from operating activities
Cash generated from operations                1,320   584 (214) (134)
Financing income                                 82    30    32    21
Financing costs                               (188)  (48)     -     -
Taxation paid                                 (439)  (21)     -     -

Net cash from operating activities              775   545 (182) (113)

Cash flows from investing activities

Proceeds from sale of property, plant and        35    38     -     -
equipment
Acquisition of property, plant and equipment
                - Additions to expand         (626) (573)     -     -
operations
                - Pre production expenditure  (233)     -     -     -

Net cash flows from investing activities      (824) (535)     -     -

Cash flows from financing activities
Net proceeds on issues of share capital         247 1,671   247 1,671
Acquisition of subsidiary                         - (500)     - (500)
Net cash acquired from subsidiary                 -    14   261     -
Loans to subsidiary                               -     -     - (377)
Loans raised                                    301     -     -     -
Capital part of finance lease payments         (60)  (71)     -     -

Net cash flows from financing activities        488 1,114   508   794

Net increase in cash and cash equivalents       439 1,124   326   681

Cash and cash equivalents at beginning of     1,222  (39)   698    17
year
Effect of exchange rate changes on monetary
assets                                        (175)   137     -     -


Cash and cash equivalents at end of year      1,486 1,222 1,024   698



 1. The financial information contained in this announcement does not
    comprise full statutory accounts as defined by Section 240 of the
    Companies Act 1985.
 2. The financial statements have been prepared in accordance with
    International Financial Reporting Standards as adopted by the
    EU.  The financial statements have been prepared on the
    historical cost basis.

3.      No dividend is proposed in respect of the year.
4.      The Annual General Meeting will be held on Tuesday 14 October
2008 at 11.00am at 36 Dover Street, London, W1S 4NH. A formal  notice
of AGM will be sent to shareholders shortly

                            * * ENDS * *

For further information visit www.goldplat.com or contact:


Demetri  Manolis, CEO     Goldplat plc                Tel: [phone]
                                                      1203
James Joyce /Sarang Shah  WH Ireland Limited          Tel: [phone]
                                                      1666
Bill Sharp/Andrew Garrett Alexander David Securities  Tel: +44 (0)20
                          Limited                     7448 9820
Felicity Edwards/ Isabel  St Brides Media & Finance   Tel: [phone]
Crossley                  Ltd                         1177

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