GBP 5.5 million Placing

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                13 December 2010
                   Goldplat plc ('Goldplat' or 'the Company')
                                    Placing

Goldplat  plc, the AIM  quoted gold producer  focussed in Africa,  is pleased to
announce  that it has conditionally raised £5.5 million before expenses from the
placing  ('the  Placing')  of  55,000,000 ordinary  shares  of the Company ('the
Placing  Shares') at  a price  of 10p per  share through  its broker W H Ireland
Limited.

Background and reasons for the Placing

The  Company has historically funded its  mining exploration activities from the
cashflows  generated from its  two gold recovery  operations in South Africa and
Ghana.  The  Company  has  secured  what  it  considers  to  be  prospects  with
significant  resource and production potential.  It now wishes to accelerate the
development  of its  assets and  in particular  the Nyieme Gold Project ('Nyieme
Project')  in Burkina  Faso and,  subject to  completion of its acquisition, the
Banka  Gold Project ('Banka  Project') in Ghana  towards JORC standard resources
and  fund their  feasibility studies.  The funds  received from the Placing will
allow  the Company to develop these assets at a much greater pace than if it had
to  fund them  from its  internally generated  cashflow. In addition the Company
believes  it will gain access  to further gold mining  assets and wishes to have
sufficient cash resources to pursue future acquisitions.

Use of Proceeds

The  net proceeds of  the Placing of  approximately £5.2 million  is expected be
applied as follows:

·          approximately £1 million will  be used for the  purchase of the Banka
mining lease via the proposed acquisition of Gulf Coast Resources Limited
·          approximately  £2  million  is  expected  to be used for exploration,
drilling and feasibility studies on the on the Banka Project
·          approximately  £2  million  is  expected  to be used for exploration,
drilling and feasibility studies on the Nyieme Project
·         the balance of the funds of approximately £0.2 million after placement
expenses is for general working capital purposes

The Placing

The  Placing  is  conditional,  inter  alia,  on the resolutions being passed by
shareholders  of the Company at  the General Meeting scheduled  to take place on
29 December  2010.  The Placing Shares will rank pari passu in all respects with
the Company's existing ordinary shares in issue.  Following admission to trading
on  AIM  Goldplat's  total  issued  share  capital  will be 167,120,000 ordinary
shares.   The Placing shares  will represent 32.9% of  the enlarged issued share
capital of the Company.

A  circular convening the  General Meeting is  being sent to Shareholders today,
and   a   copy   will   be   available  shortly  on  the  Company's  website  at
www.goldplat.com

Application  will be made to the London Stock Exchange for the Placing Shares to
be admitted to trading on AIM.  It is expected that such Admission will occur at
8.00 a.m. on Thursday 30 December 2010.

Admission  is subject to the  passing of the resolutions  at the General Meeting
and  to  the  Placing  Agreement  the  Company  has entered into with WH Ireland
Limited becoming unconditional in all respects (save only for Admission) and not
being terminated in accordance with its terms.

The  Placing Shares will, when issued, rank  pari passu in all respects with the
Existing  Ordinary Shares  including the  right to  receive dividends  and other
distributions declared following Admission.

Goldplat  CEO Demetri  Manolis said,  "We are  delighted to  have completed this
placing  which  will  help  support  the  next  stage  of our growth strategy of
building  a mid-tier gold mining company.  It is our intention to fast-track the
development of our highly prospective Nyieme gold project in Burkina Faso, which
has  already yielded positive results of  19.1 g/t over a width of 116cm towards
defining a JORC compliant resource, and to complete a feasibility study.  We are
also  looking forward to complete  the acquisition of the  Banka gold project in
Ghana,  where early work indicates the strong potential of the licence area.  We
believe  that the project represents a substantial and exciting gold prospect in
the Ashanti Region of Ghana, a prime district for gold project development.

"2011  is set to be  a fruitful year for  the Company, with gold production from
our  South African and  Ghanaian recovery operations  performing strongly we are
now  set  to  widen  our  exploration  and  development activities in Africa and
advance  our gold mining projects towards production.  I believe that with these
foundations  in place,  Goldplat will  experience solid  growth during the year,
which will in turn further strengthen our already strong investment case."

                                  * * ENDS * *

For further information visit www.goldplat.com or contact:
Demetri  Manolis, CEO Goldplat plc                  Tel: [phone]

James Joyce           WH Ireland Limited            Tel: [phone]

Felicity Edwards      St Brides Media & Finance Ltd Tel: [phone]

Hugo de Salis         St Brides Media & Finance Ltd Tel: [phone]



Goldplat  plc is  an AIM-listed  gold producer  with operations  in Africa.  Its
strategy  is to consolidate its position as  a gold producer in Africa and build
itself into a highly profitable mid-tier gold company, leveraged through revenue
generated from its gold recovery businesses.

The  Company has two recovery businesses based in South Africa and Ghana, which,
by safely disposing mining by-products, fulfil an important aspect of the mines'
environmental  management programmes.  The  South African plant  is located near
the  centre of the East  Rand Goldfield and raw  material feedstocks are sourced
from  many  of  the  major  South  African mining companies, including AngloGold
Ashanti,  Goldfields, Harmony, DRD Gold and  other smaller producers.  The Ghana
plant,  located in the free port of  Tema, provides access to raw materials from
mines  in Mali, Guinea, Burkina Faso, Benin, Cote D'Ivorie, Senegal, the DRC and
Mauritania, as well as Ghana.

Goldplat's  strategy is to  build itself into  a highly profitable mid-tier gold
producer,  through the  acquisition of  known deposits  with targets  of between
200,000 and  one million  contained ounces.   Kilimapesa Gold  is a wholly owned
subsidiary  of  Goldplat  and  is  developing  the  potential  of  the 213 sq km
Lolgorien  licence area  located in  the historically  producing Migori Archaean
Greenstone  Belt in western Kenya.  Kilimapesa Gold commenced initial production
in  January  2009 and  an  aggressive  exploration and development programme has
resulted in a maiden JORC compliant resource being reported in October 2009.  In
December 2009 Goldplat plc entered into an agreement with Sanu Exploration (BVI)
Limited ('Sanu'), a  wholly owned subsidiary  of NGEX Resources  Inc, to acquire
Sanu's option  over  the 246  sq  km Nyieme Gold  Project ('Nyieme') located  in
Burkina  Faso.  The Nyieme exploration licence  includes known high-grade quartz
vein  structures, with drill core results showing up  to 17.83 g/t gold over one
metre  and  11.67 g/t  over  five metres.  Goldplat  has  started a programme of
trenching  and diamond  drilling in  order to  prove up  and expand the existing
mineralisation.








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Source: Goldplat plc via Thomson Reuters ONE

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