Final Results

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
15 September 2009
             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 2009.

Overview
*         Record pre-tax profits of £2.4 million for the year ended
  30 June 2009 (2008: £1.6 million)
*         Healthy cash position with £2.2 million in the bank (2008:
  £1.5 million)
*         South African and Ghanaian gold recovery plants performing
  strongly - production totalled 21,068 ounces ('oz') of gold ('Au')
  (2008: 19,322 oz Au)
*        Stocks of materials for processing in South Africa and Ghana
  continued to increase securing future production - 88,000 oz of
  contained gold in stockpiles
*         Finalising agreement to acquire remaining 50% of Kilimapesa
  Gold (Pty) Limited ('Kilimapesa Gold') in Kenya from International
  Gold Exploration AB ('IGE') for US$2.7 million
*         Developing Kilimapesa Hill gold mining project with a view
  to establishing a formal mining operation  - working towards a JORC
  compliant resource to clarify its economic potential
*         Evaluating opportunities to acquire other mining projects
  with deposits of between 200,000 and 1,000,000 oz Au with a short
  lead time to production throughout Africa

Chairman's Statement

This has been another year of strong growth, increasing production at
both our recovery plants in South Africa and Ghana, and advancing our
Kenyan gold mining operation.  We  are delivering on our strategy  of
consolidating our position as the market leader in gold recovery from
by-products of  the  mining  process  in  Africa  and  advancing  our
activities in  gold  mining in  order  to achieve  our  objective  of
becoming a mid-tier gold mining house.

We have continued to  expand the range  of materials being  processed
and the techniques used at our recovery plants and have also  focused
on developing the Kilimapesa Hill gold mining project in Kenya with a
view to establishing a formal mining operation.  Additional  projects
are also being evaluated, primarily  in West Africa, as we  endeavour
to expand our portfolio, utilise our strong treasury and leverage the
expertise of the team to generate further value.

During the period under review we have increased profitability at the
recovery operations, producing 13,960 oz Au (2008: 15,239 oz Au) from
the South African operations and 7,108 oz Au (2008: 4,083 oz Au) from
the Ghanaian operations for the  financial year ended 30 June  2009.
This generated strong revenue of  £11.1 million (2008: £7.7  million)
culminating in pre-tax profits of £2.4 million (2008: £1.6 million).
Exceptional items affected the  headline profit. The  sale of 15%  of
our South African  operations to satisfy  Black Economic  Empowerment
('BEE') rules resulted in a  profit of £420,000.  Against that  there
is a  charge  of  £134,000  in respect  of  the  options  granted  to
directors and senior management.  The strong improvement of the South
African Rand exchange  rate against the  United States Dollar  during
the second half of the year negated the large gains achieved at  half
year.  From a trading point of view the second half remained strong.

Our cash  position remained  healthy with  £2.2 million  (2008:  £1.5
million) in the bank.  No dividend is proposed as the profits will be
retained for further  expansion of our  operations and to  accelerate
our growth strategy.

We have continued to build stockpiles of materials to process at both
our gold  recovery  plants.   To  this end,  we  have  37,000  oz  of
contained gold  in stockpiles  at  our South  African plant,  with  a
further 16,000 oz  contractually secured off-site,  and 35,000 oz  of
contained gold in stockpiles in Ghana, securing future production.

Additionally we increased capacity at the South African operations by
commissioning a larger mill  and increasing our flotation  capacity.
In Ghana we  purchased a  fluidised bed incinerator  and installed  a
spiral  plant   which  is   currently  being   commissioned.    These
improvements will have  a positive  effect on  future production  and
enhance the flexibility  of the  operations.  At  current prices  and
average production costs in the region of £413 per oz Au (2008:  £372
per oz Au) at our South African operations and £456 per oz Au  (2008:
£393 per oz Au) in Ghana,  I believe the potential of our  operations
to generate significant cash flow for the Company is very evident.

Our wholly owned  subsidiary, Gold Mineral  Resources Limited  (GMR),
has agreed to acquire the  remaining 50% interest in Kilimapesa  Gold
from  IGE,  together  with  IGE's  loans  to  Kilimapesa  Gold.    On
completion Goldplat will  own 100% of  the project.  Kilimapesa  Gold
includes the  Kilimapesa  Hill  gold mine  and  adjacent  exploration
assets as per the  agreement with IGE.   The total consideration  for
the acquisition is US$2.7 million, of which US$1.2 million is payable
on completion of the Sale Agreement,  and the balance in six  monthly
amounts of US$250,000.

As a  result Kilimapesa  Gold  is required  to convert  its  existing
exploration licence to a mining licence, and until the mining licence
is issued Kilimapesa Gold is  not permitted to make commercial  sales
of gold.  This  change is  now with  the Kenyan  Authorities, and  is
expected to  be granted  soon.  Kilimapesa  Gold will  then be  in  a
position to  move  into  commercial production  and  an  announcement
regarding our future mining plans will be made on the issuing of  the
mining licence.  In addition, we expect to be able to announce a JORC
compliant resource in the near future as a result of our  exploration
and development programme.

We had had  hoped to commence  commercial production of  gold at  the
Kilimapesa Hill gold mining project early in 2009.  Our inability  to
sell gold under the previous  exploration licence, combined with  the
recent modifications to the processing plant, resulted in  commercial
production being  deferred and  the  financial statements  have  been
prepared  on   the  basis   the  Kilimapesa   Gold  remained   in   a
pre-production phase.

In line with our  objective of building a  mid-tier mining house,  we
are also evaluating  opportunities to acquire  other mining  projects
with deposits of  between 200,000 and  1,000,000 oz Au  with a  short
lead time  to  production  throughout Africa.   A  number  are  under
evaluation using  stringent criteria  to  ensure that  the  Company's
resources will not  be dissipated.  Our  focus at this  point in  the
economic cycle is on  the acquisition of  mining assets, rather  than
building new reprocessing facilities.

Staff relations in all Goldplat's  group companies remain good.   The
operations have  an  excellent  safety  record,  with  no  reportable
accidents at any of  our subsidiaries.  We  greatly benefit from  the
support of the governments in the countries in which we operate,  and
in turn,  we  provide  employment and  contribute  towards  important
environmental obligations.   The Company's  continued involvement  in
the local communities we  operate in has had  a beneficial impact  on
Goldplat's image.

On a corporate  level, John Woolgar,  a non-executive Director  since
the flotation  of Goldplat,  has  stepped down  from the  Board  with
effect from  31 August  2009, in  order to  devote more  time to  new
projects where he has executive responsibilities.  I would like  take
this opportunity  to thank  John for  all his  efforts on  behalf  of
Goldplat, particularly  during  the  flotation  of  the  Company  and
establishing its London presence over the years.

In conclusion,  the  last  year  has seen  Goldplat  build  upon  its
strengths as the market leader  in gold recovery from by-products  of
the mining process in Africa to produce record profits.  In addition,
our  objective  of  becoming  a  mid-tier  miner  is  underway   with
Kilimapesa  Gold  moving  towards  profitable  production  and  other
projects under review.  The current favourable gold price environment
is enhancing our value and we are in a strong position for growth.  I
believe Goldplat has an exciting potential  and a team with which  to
realise this.

Finally, I would like to take this opportunity to thank the executive
directors, management and work force for their dedication and support
over the  past  year,  which  resulted  in  the  excellent  financial
performance.

Brian Moritz
Chairman

Operations Report

Gold Recovery Operations
Goldplat Recovery (Pty) Ltd ('GRL') - South Africa

GRL is  a  mature  business controlling  the  majority  of  available
materials for processing in the  sector in South Africa.  During  the
year it performed strongly, producing  13,960 oz Au (2008: 15,239  oz
Au).

Our business model relies on good relationships with the local mining
houses - we  buy their mining  by-products and in  turn provide  them
with an economic  waste disposal solution  which meets  environmental
obligations.  To this end,  during the year GRL  won a number of  new
contracts across  South Africa  and strengthened  relationships  with
existing clients  which  in-turn  increased  our  stockpiles  of  raw
materials  for   processing  to   53,000  oz   of  contained   gold.
Additionally we  have entered  into a  number of  new agreements  for
product which I believe could see this trend continue.

We also increased milling capacity and installed additional flotation
equipment in  the  flotation plant  section  which will  enhance  the
flexibility and recovery of gold and platinum materials on site.

Following the sale of 15% of  its issued shares during the year,  GRL
is fully  compliant under  South African  BEE legislation,  which  we
believe enhances  our business  connections within  South Africa  and
improves our  competitive  position  when  tendering  for  processing
contracts.  By 1 May 2014 the percentage in the hands of Historically
Disadvantaged South Africans will need to increase to 26%.

Gold Recovery Ghana Limited ('GRG') - Ghana

GRG has performed  buoyantly with  7,108 oz  Au (2008:  4,083 oz  Au)
produced during the year.  GRG's  strategic location gives it  access
to the major mining  houses across West  Africa.  However, there  are
plenty of  opportunities  closer to  home  in Ghana,  where  GRG  has
identified and evaluated a  significant number of surface  stockpiles
of gold bearing material with high gold grades.  GRG has purchased  a
number of  these  stockpiles and  will  continue to  procure  further
material based on  evaluation results.  Furthermore,  GRG has  signed
agreements with suppliers, to recover gold from carbon fines  located
at properties in Ghana.  These raw materials will add to GRG's  total
current stockpiles of 35,000 oz  of contained gold, which equates  to
several years of current production capability.

As part of GRG's optimisation  programme, a new fluidised bed  carbon
incinerator was installed in  July 2009, which will  be used to  burn
fine carbon as part of the  gold recovery process and is expected  to
be  commissioned  shortly.   This  has  increased  GRG's   processing
capabilities which  in-turn  will have  a  positive impact  on  total
ounces of gold produced and a reduction of the cost per unit from the
recovery plant.

Gold Mining
Kilimapesa Gold - Kenya

Kilimapesa Gold's project is  situated in south-western Kenya  within
the historically producing Migori Archaean Greenstone Belt.  Goldplat
first became involved in the  Kilimapesa Hill gold mining project  in
June 2007 and since then it has been developing the gold mine with  a
view  to  turning  it  into  a  small,  high  grade,  formal   mining
operation.  As mentioned in the Chairman's Statement, we are close to
completing the acquisition of the  remaining 50% of Kilimapesa  Gold,
which will see Goldplat wholly owning the project.

During the  year  we  refurbished the  Kilimapesa  Hill  gold  mining
project's  plant  at   a  cost  of   £120,000,  which  included   the
installation of a new  mill motor, crushing unit,  the addition of  a
gravity circuit and thickener, an upgrade to the leach section, a new
pumping  reticulation   circuit,   replacement  of   the   electrical
recirculation  circuit,  a  complete   refurbishment  of  the   assay
laboratory, and a general upgrade to the safety aspects.

A further £165,000  was expended on  underground development and  the
equipping of 458  metres of  on reef  development and  101 metres  of
raise development  and associated  plant  and equipment.   This  also
included the cost of  the infrastructure to  connect to the  national
grid to secure reliable power supply which is expected to be  running
shortly.

In terms of exploration and  development, a programme was  undertaken
to define a JORC compliant resource to clarify the project's economic
potential.   Initial  results  have  been  encouraging  and  a   JORC
compliant resource will be announced to the market in tandem with  an
underground mine development programme  once the mining licence  from
the Kenyan authorities is granted.

Two new veins, the Mid Vein  and the North Vein, were intersected  on
Kilimapesa Hill in addition to the existing South Vein, which are all
robust in nature.  The Mid Vein displayed visible gold and  indicated
thicknesses of up to 100 centimetres.  The North Vein is expected  to
be  the  most  continuous  of  the  three  veins,  evidenced  by  the
continuity of the corresponding artisanal workings on surface.  These
workings can be traced over a strike length of over 500 metres.

Additionally, the opening up of an adit 150 metres east of Adit B has
enhanced the understanding of the mine's geological model.  This adit
has over 150 metres  of existing development, all  of which was  chip
sampled in February  2009.  We are  also hopeful that  a new adit  60
metres below Adit B can be developed, having received results from  a
five-hole diamond drilling  programme.  The results  of the  drilling
programme at Adit B are shown below.

 Hole  UTM Zone 36M Arc               Total    Intersections (True
 No.         1960       Azimuth Angle  Hole           Width)
       Easting Northing               Depth   From    To    Au  Width
                                                           2.35  58
KPB002 697131  9865282   352º    -70  39.6m  14.14m 14.72m g/t   cms
                                                           0.58  96
KPB007 697152  9865277   350º   -69º  39.5m  11.97m 12.93m g/t   cms
                                                           4.03  180
KPB008 697152  9865277   350º   -45º  31.9m  19.03m 20.83m g/t   cms
                                                           4.21  140
KPB011 697177  9865272   355º   -65º  40.0m  13.87m 15.27m g/t   cms
                                                           4.60  150
KPB012 697177  9865272   348º   -43º  37.8m  21.23m 22.73m g/t   cms
       NB. Co-ordinates taken with GPS. To be confirmed by
       survey


Goldplat is also continuing to  develop its further four  exploration
targets, Olepoipoi,  Meghor,  Teng  Teng  and Red  Ray,  as  well  as
investigating  other  known  high-grade  areas  with  surface  mining
potential in order to increase the life of mine.

Demetri Manolis
Chief Executive Officer

Qualified Person

This announcement has  been reviewed  by Mr. Mark  Austin, the  group
geologist  for  Goldplat  who  has  more
than  25  years'   relevant  experience in the field of activity
concerned.  He is a fellow of the  Geological Society of South Africa
('GSSA') and has consented to the inclusion of  the  material in
the  form  and context  in  which  it  appears.

Financial Results


Group and Company Balance Sheets
as at 30 June 2009


                                        Group  Group  Company Company
                                         2009   2008   2009    2008
                                        £'000  £'000  £'000   £'000

Assets
Non-current assets
Property, plant and equipment            2,570  1,885      -        -
Pre-production expenditure                 884    233      -        -
Goodwill                                 4,778  5,018      -        -
Proceeds from sale of shares in            472      -      -        -
subsidiary
Investments                                  -      -  6,425    6,425
Loans to subsidiary companies                -      -    837      116
                                         8,704  7,136  7,262    6,541

Current assets
Inventories                              1,473  1,138      -        -
Trade and other receivables              2,012  1,437     26       27
Cash and cash equivalents                2,198  1,486    723    1,024
                                         5,683  4,061    749    1,051

Total assets                            14,387 11,197  8,011    7,592

Equity and liabilities
Equity attributable to equity holders
of the Company
Share capital                            1,121  1,121  1,121    1,121
Share premium                            6,772  6,772  6,772    6,772
Retained earnings                        3,414  1,623     70    (356)
Exchange reserves                        (185)  (482)      -        -
Shareholders' equity                    11,122  9,034  7,963    7,537
Minority interests                         420      -      -        -
Total equity                            11,542  9,034  7,963    7,537

Non-current liabilities
Provisions                                 146    109      -        -
Deferred tax liabilities                   289    241      -        -
Loans and borrowings                       647    301      -        -
                                         1,082    651      -        -

Current liabilities
Trade and other payables                 1,471  1,145     48       55
Obligations under finance leases             -     30      -        -
Taxation                                   292    337      -        -
                                         1,763  1,512     48       55

Total equity and liabilities            14,387 11,197  8,011    7,592




Group Income Statement
for the year ended 30 June 2009

                                             Group   Group
                                              2009    2008
                                             £'000   £'000


Revenue                                     11,149   7,713

Cost of sales                              (8,225) (5,259)

Gross profit                                 2,924   2,454

Administrative expenses                    (1,100)   (715)

Operating profit                             1,824   1,739

Profit on sale of interest in subsidiary       420       -
Finance income                                 204      82
Finance expense                               (43)   (197)

Profit before tax                            2,405   1,624

Taxation                                     (527)   (570)

Profit for the year                          1,878   1,054


Earnings per share
Basic                                        1.67p   0.95p

Diluted                                      1.58p   0.94p




Group and Company Statements of Changes In Equity
for the year ended 30 June 2009

                      Share   Share Retained Exchange Minority
                    capital premium earnings reserves interest  Total
                      £'000   £'000    £'000    £'000    £'000  £'000

Group
Balance at 30 June    1,090   6,556      569    (155)        -  8,060
2007
Profit for the year       -       -    1,054        -        -  1,054
Issue of share           31     216        -        -        -    247
capital
Exchange                  -       -        -    (327)        -  (327)
translation loss

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

Profit for the year       -       -    1,706        -      172  1,878
Minority interest         -       -        -        -    (103)  (103)
in subsidiary
dividend
Investment by             -       -        -        -      351    351
minorities
Treasury shares                   -     (49)        -        -   (49)
Share incentive           -       -      134        -        -    134
scheme reserve
Exchange                  -       -        -      297        -    297
translation profit

Balance at 30 June    1,121   6,772    3,414    (185)      420 11,542
2009


                      Share   Share Retained Exchange Minority
                    capital premium earnings reserves interest  Total
                      £'000   £'000    £'000    £'000    £'000  £'000
Company

Balance at 30 June    1,090   6,556    (163)        -        -  7,483
2007
Loss for the year         -       -    (193)        -        -  (193)
Issue of share           31     216        -        -        -    247
capital

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

Profit for the year       -       -      341        -        -    341
Share incentive           -       -      134        -        -    134
scheme reserve
Treasury shares           -       -     (49)        -        -   (49)

Balance at 30 June    1,121   6,772       70        -        -  7,963
2009




Group and Company Cash Flow Statements
for the year ended 30 June 2009



                                          Group Group Company Company
                                           2009  2008    2009    2008
                                          £'000 £'000   £'000   £'000


Cash flows from operating activities
Cash generated from operations            1,554 1,320   (364)   (214)
Financing income                            204    82      33      32
Financing costs                            (33) (188)       -       -
Taxation paid                             (577) (439)       -       -

Net cash from operating activities        1,148   775   (331)   (182)

Cash flows from investing activities

Proceeds from sale of property, plant         1    35       -       -
and equipment
Acquisition of property, plant and
equipment
            - Additions to expand         (666) (626)       -       -
operations
            - Pre-production              (651) (233)       -       -
expenditure

Net cash flows from investing           (1,316) (824)       -       -
activities

Cash flows from financing activities
Net proceeds on issues of share capital       -   247       -     247
Purchase of treasury shares                (49)     -    (49)
Dividends received                            -     -     800       -
Proceeds from sale of shares in             540     -       -       -
subsidiary
Net cash acquired with subsidiary             -     -       -     261
Loans to subsidiary                           -     -   (721)       -
Loans raised                                346   301       -       -
Finance lease payments                     (30)  (60)       -       -

Net cash flows from financing               807   488      30     508
activities

Net increase/(decrease) in cash and         639   439   (301)     326
cash equivalents

Cash and cash equivalents at beginning    1,486 1,222   1,024     698
of year
Effect of exchange rate changes on           73 (175)       -       -
monetary assets


Cash and cash equivalents at end of       2,198 1,486     723   1,024
year





 1. The financial information contained in this announcement does not
    comprise full statutory accounts.
 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 13 October
2009 at 11.00am at 36 Dover Street, London, W1S 4NH.  A formal notice
of AGM along  with the  Annual Report and  Accounts will  be sent  to
shareholders shortly.

                            * * ENDS * *

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


Demetri  Manolis, CEO Goldplat plc                    Tel: +27 (0) 11
                                                      423 1203
James Joyce           WH Ireland Limited              Tel: +44 (0) 20
                                                      7220 1666
Bill Sharp            Alexander David Securities      Tel: +44 (0)20
                      Limited                         7448 9820
David Scott           Alexander David Securities      Tel: +44 (0)20
                      Limited                         7448 9820
Felicity Edwards      St Brides Media & Finance Ltd   Tel: +44 (0)20
                                                      7236 1177
Isabel Crossley       St Brides Media & Finance Ltd   Tel: +44 (0)20
                                                      7236 1177

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