Ghana Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
11 January 2007
             Goldplat plc ('Goldplat' or 'the Company')
                 Progress Report on Ghana Operations

Goldplat plc, the AIM  listed gold producer,  is pleased to  announce
that its gold  recovery plant  in Ghana  operated by  the its  wholly
owned subsidiary, Gold Recovery Ghana Limited ("GRG"), is now in full
production. In  addition, further  surface stockpiles  in Ghana  have
been purchased and the Company's client base has been strengthened.

Plant Construction

The construction of the  carbon in leach  circuit ("CIL") section  of
the plant was completed in December 2007 as planned and the plant  is
now in full production.  This integrated gravity  and CIL plant  will
enable the Company  to maximise  the gold recovery  from the  surface
material in one pass.  This will have a  significant impact on  costs
and therefore on the profitability of GRG.

Raw Materials

An agreement was  reached for  the purchase  of a  further two  large
surface stockpiles in the  Dunkwa area at prices  below what GRG  had
previously  been  paying.  This  provides  an  approximately   37,000
additional tonnes of material estimated to contain 21,373 oz of gold,
based on  assays of  representative samples.  GRG's total  stocks  in
Ghana are  approximately  52,000  tonnes of  materials  estimated  to
contain 30,178 oz  of gold (based  on representative samples),  which
now exceed five years of production.

A  further  three  large  surface  stockpiles  estimated  to  contain
approximately 30,000  tonnes of  material  have been  identified  and
evaluated. GRG is currently negotiating the purchase price for  these
materials and also  continues to evaluate  other stockpiles that  are
being offered. In addition, the supply of mill liners and fine carbon
continues to be strong.

Processing

GRG is  now  processing  the surface  material  through  the  gravity
concentration circuit and the cyanide CIL circuit on a 24-hour, three
shift, and seven days per week operation.

Smelting of Gold Concentrates

The installation of the smelter has been completed, which will enable
GRG to take advantage of a new business opportunity - the smelting of
gold concentrates produced  by third  parties.  Once  the smelter  is
operational, GRG will smelt the  concentrates and export the  bullion
to Rand Refinery in South Africa.  The Company has accepted the terms
for the  export  and  refining  of gold  bullion  submitted  by  Rand
Refinery.

Improvements

GRG is considering the installation of  an elution plant to allow  it
to produce bullion from  the CIL plant. This  will reduce the  carbon
costs and  improve  the  cash  flow.   It  is  also  considering  the
installation of an incinerator for the processing of the fine  carbon
in Ghana, which will reduce costs significantly and ensure that it is
competitive when bidding for fine carbon.

Relationships with the Authorities and Clients

The Company's  client  base  has  improved  with  Goldfield's  Tarkwa
operation being the  latest addition to  its list.   It has moved  12
containers of fine carbon estimated to contain 2,821 oz of gold  from
Tarkwa in the last four weeks.

GRG's relationship with the authorities  is excellent and this  month
it  will  seek   to  extend  its   relationships  with  other   state
organisations.

                            * * ENDS * *

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

Demetri  Manolis, CEO Goldplat plc                 Tel:  [phone]
                                                   1203
James Joyce           WH Ireland Limited           Tel: [phone]
Isabel Crossley       St Brides  Media  &  Finance Tel: [phone]
                      Ltd


Notes
Goldplat Plc  is  an  AIM-listed gold  producer  with  operations  in
Africa. Its strategy is to create a mid-tier mining house focused  on
gold production  leveraged through  revenue generated  from its  gold
recovery businesses.

The Company  has two  recovery business  based in  South African  and
Ghana, which, by safely disposing  of mining by-products, fulfill  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 is expanding  into gold  mining through  the acquisition  of
known deposits with targets of between 200,000 and one million ounces
of ore contained.  To this end,  in a 50/50 JV, it is developing  the
potential of the highly prospective 213 sq km Lolgorien licence  area
located in the historically producing Migori Archaean Greenstone Belt
in western Kenya, with a view  of establishing a mining operation  in
the short term.  A number  of other potential projects across  Africa
are under review.

---END OF MESSAGE---