Interim Results

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
23rd February 2009

             Goldplat plc ('Goldplat' or 'the Company')
                           Interim Results

Goldplat plc, the AIM  listed gold producer,  is pleased to  announce
its unaudited results for the six months ended 31 December 2008.

Overview

  * Pre-tax profits up 92% to £1,201,000 (2007: £624,000) strong cash
    flow with healthy cash balance of £2.5 million as at 31 December
    2008
  * Margins positively impacted by the rise in the gold price
  * Commenced production at the Kilimapesa mine in Kenya in January
    2009, which is expected to fund the development of the mine
  * South African and Ghanaian recovery plants continuing to perform
    buoyantly
  * South Africa: Further stockpiles secured, bringing the total
    stocks of materials for processing to 44,050 oz of contained
    gold, equating to four years of current woodchip production
    capability, three years of gravity concentration capacity and
    three years of leach capacity
  * Ghana:  Further stockpiles have been identified and sampled -
    Goldfields Ltd has extended the fine carbon contract with Gold
    Recovery Ghana Ltd
  * Compliance with Black Economic Empowerment rules in South Africa
    in advance of the May 2009 deadline
  * Expanding geographic reach, locating opportunities in Tanzania
    and Zambia


Goldplat CEO Demetri Manolis said, "These excellent results  underpin
the rapid progress that the Company is making and the strength of our
business model.   With  the  cash flow  from  our  processing  plants
continuing to increase  and the contribution  from our Kenyan  mining
operation due to impact the Company in Q2 2009, I believe we are in a
strong financial position.  Importantly, our earnings from gold sales
are in US  dollars, which should  equate to a  strong performance  in
sterling terms.   This, in  tandem with  the favourable  gold  market
conditions, should enhance shareholder value."

                            * * 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: +44 (0)20
                                                      7220 1666
Bill Sharp/David Scott   Alexander David Securities   Tel: +44 (0)20
                         Limited                      7448 9820
Felicity Edwards/Hugo de St Brides Media & Finance    Tel: +44 (0)20
Salis                    Ltd                          7236 1177



Chairman's Statement

It gives me great  pleasure to report a  strong financial result  for
the six months ended  31 December 2008  and our substantial  progress
towards becoming a mid-tier gold miner in Africa.  Profit before  tax
for the six months is £1,201,000 (2007: £624,000), an increase of 92%
and profit after tax has seen an increase of 113% at £806,000  (2007:
£379,000).  This is the first time that a six month period has  shown
profits of more than £1 million for the Company.

During the period under review, we have maintained our strong  growth
profile and as  a result  have increased  our cash  position to  £2.5
million.  Revenue was  contributed from  both the  South African  and
Ghanaian recovery  operations  which  have  been  further  reinforced
following the  securing  of  additional stockpiles  of  gold  bearing
materials  which  will  increase  the  production  potential  of  our
operations.    Post  period  end,  we  commenced  production  at  our
Kilimapesa gold mining project in Kenya which is expected to make  an
operational profit from Q2 2009,  which will fund the development  of
the underground mine.   On a  broader level we  continue to  evaluate
additional mining opportunities in line  with our growth strategy  of
developing further cash  generative assets in  Africa and building  a
mid tier gold producing company.

Gold Recovery Businesses

Currently the Company's primary business is the recovery of gold and,
to a small extent, platinum group metals from the by-products of  the
mining industry,  which  fulfils  an important  aspect  of  a  mine's
environmental management  programme.   Goldplat  recovers  gold  from
metallurgically challenging  materials,  primarily those  which  have
been inadvertently  enriched  by the  mining  process.  It  does  not
process low  grade  tailings  and other  partly  depleted  materials,
except artisanal tailings in Ghana, which have a high gold content.

The South African subsidiary, Goldplat Recovery (Pty) Ltd ('GRL') has
previously been described as a 'mature' business, as it controls  the
major part of the material  available for processing in its  sector.
Nevertheless, a  combination  of  improvements to  technology  and  a
committed management has  enabled profits to  continue to  increase.
Importantly, strong relationships with  the major mines have  enabled
GRL to increase its stocks of  materials for processing to 44,050  oz
of contained gold, which  equates to four  years of current  woodchip
production capability, three years of gravity concentration  capacity
and  three  years  of   leach  capacity,  thus  safeguarding   future
profitability.

To comply  with Black  Economic Empowerment  ('BEE') rules  in  South
Africa, the Company  sold 15%  of GRL  to a  subsidiary of  Amabubesi
Capital for  a total  of ZAR  15.3 million,  which equated  to  £1.01
million as at 6  October 2008.  We believe  that compliance with  BEE
rules will facilitate GRL's business in South Africa, enabling it  to
acquire or  apply  for  mining  rights,  as  well  as  improving  its
competitive position when tendering for processing contracts.  GRL is
now fully BEE compliant until 1 May 2014, when the percentage in  the
hands of Historically Disadvantaged  South Africans (HDSA) will  need
to increase to 26%.

Additionally, our  wholly  owned Ghanaian  operation,  Gold  Recovery
Ghana Ltd. ('GRG'),  has also performed  buoyantly.  Full  production
commenced at the beginning of 2008, with profits building steadily as
plant improvements and efficiencies have been implemented.   Although
GRG is a smaller operation than GRL,  the 10 year tax free status  of
the operations in the free port of Tema has resulted in a  noticeable
reduction in  the percentage  of  Group profits  being paid  in  tax.
 Importantly, GRG's operations have  been welcomed by authorities  in
Ghana as a positive contribution for their strategy of  environmental
improvement  in  the  mining  industry,  an  objective  we  hope   to
capitalise on going forward.

The  ability  of  GRG  to  acquire  stock  for  processing  has  been
gratifying, with stocks of materials at a high level totalling 35,000
oz of  contained  gold.   Importantly further  stockpiles  are  being
identified  and  secured,  reinforcing  the  plant's  economics   and
facilitating its future  expansion.  In particular,  GRG extended  an
agreement with Goldfields'  Tarkwa operation to  deliver fine  carbon
for a further year and won a contract to process fine carbon from the
Bibiani mine  in  Ghana.  GRG  is  also transporting  woodchips  from
Golden Star's Wassa  operation to establish  a stockpile for  burning
once the new incinerator is operational - this expected to be shipped
imminently from South  Africa and in  operation by the  end of  April
2009.

Mining

The Company's first  mining project,  the Kilimapesa  mine in  Kenya,
commenced production in January  2009.  All costs  in the first  half
year have been capitalised and further developments will continue  in
2009 in parallel with production  to enhance gold recovery rates  and
in turn increase operational economies of scale.  The mine, which  is
a 50-50  Joint Venture  with International  Gold Exploration  AB,  is
expected to make an operational profit from Q2 2009.

In addition,  the  high  grade  gold vein  system  is  being  rapidly
developed with exploration and development targeting both surface and
underground anomalies.  We  are aiming  to publish  a JORC  compliant
resource statement later this year  which will further reinforce  the
economic potential of the project.

The Directors believe that the current problems being experienced  by
the junior natural resource sector provides a unique opportunity  for
Goldplat, with its  strong cash  flow, to  acquire additional  mining
projects.  A number of  opportunities are under consideration,  which
are being evaluated using  a stringent criteria,  to ensure that  the
Company's resources will not be dissipated.

Additional Opportunities

In line  with  the  Company's strategy  of  developing  further  cash
generative opportunities in Africa,  Goldplat's management team  have
made exploratory  visits  to  Tanzania  and  Zambia  to  examine  the
possibility  of  commencing  additional  gold  recovery  activities.
Volumes of artisanal tailings in  excess of 100,000 tonnes have  been
identified, measured  and sampled.   Discussions with  two  Tanzanian
parties  are  ongoing,  with  a   view  to  Goldplat  providing   its
technological expertise,  and  the Tanzanian  parties  supplying  the
tailings.

Additionally  in  Zambia,  Goldplat   has  initiated  a   preliminary
investigation into the potential of an operation, under which  copper
gold material will be upgraded by Goldplat and the concentrates  sold
to our  strategic partner,  Rand Refinery,  which has  facilities  to
handle copper gold  concentrates.  We  look forward  to updating  the
market accordingly on any developments in due course.

Financial Results

The profit  before tax  for six  months ending  31 December  2008  is
£1,201,000 (2007: £624,000) an increase  of 92% and profit after  tax
has seen an increase of 113% at £806,000 (2007: £379,000). The profit
after tax benefits  from the increasing  profits generated in  Ghana,
where our wholly owned  subsidiary has a 10  year 'tax holiday' as  a
new business in Ghana.

The profit  before  tax  indicated  is after  allowing  for  the  15%
minority interest  due  to  our  BEE partner  in  South  Africa  post
acquisition.

In December 2008 the Company  issued options to Directors and  senior
management to acquire new Goldplat  ordinary shares.  This will  give
rise to  charges in  the Group  Income Statement  over the  next  two
years, although reserves in total will not be reduced.  No charge has
been made in the Income Statement  for the six months to 31  December
2008 as the amount is not considered material.

Future Prospects

The Directors expect  the progress made  in the first  six months  to
continue during  the rest  of  financial year.   The gold  price  has
proved resistant to the reductions experienced by other precious  and
base metals,  giving  us an  excellent  platform for  expansion.   In
addition, opportunities for new mining projects are constantly  being
offered to and  evaluated by  Goldplat, which bodes  well for  future
growth.

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)
23 February 2009


Consolidated Income Statement
for the six months ended 31 December 2008

                            Six months      Six months           Year
                                 ended           ended          ended
                         December 2008   December 2007   30 June 2008
                           (unaudited)     (unaudited)      (audited)
                                 £'000           £'000          £'000

Revenue from precious            5,216           2,999          7,713
metals
Cost of Sales                  (3,974)         (2,144)        (5,259)

Gross Profit                     1,242             855          2,454
Administrative expenses          (450)           (253)          (715)

Operating profit before            792             602          1,739
finance costs
Finance income                     412              29             82
Finance expense                    (3)             (7)          (197)
Profit before tax                1,201             624          1,624
Income tax expense               (298)           (245)          (570)
Profit for the period              903             379          1,054

Attributable to:
  Equity holders of the            806
parent
  Minority interest                 97
                                   903

Earnings per share
Basic                            0.72p           0.34p          0.95p
Diluted                          0.69p           0.33p          0.94p



Consolidated Balance Sheet
at 31 December 2008
                                   as at         as at          as at

                             31 December   31 December   30 June 2008
                                    2008          2007
                             (unaudited)   (unaudited)      (audited)
                                   £'000         £'000          £'000

Assets
Property, plant and                2,318         1,912          1,885
equipment
Pre-production expenditure           635                          233
Goodwill                           4,358         5,018          5,018
Due on sale of shares in             558
subsidiary
Non-current assets                 7,869         6,930          7,136

Inventories                        1,960         2,112          1,138
Trade and other receivables        2,318         1,195          1,437
Cash and cash equivalents          2,518         1,167          1,486
Current assets                     6,796         4,474          4,061

Total Assets                      14,665        11,404         11,197

Equity and liabilities
Issued capital                     1,121         1,106          1,121
Share premium                      6,772         6,657          6,772
Retained earnings                  2,429           944          1,623
Exchange reserves                   (31)          (62)          (482)
Equity attributable to            10,291         8,645          9,034
equity holders

Minority interest                    448

Liabilities
Provisions                           126            43            109
Deferred tax liabilities             302           323            241
Loans and borrowings                 483                          301
Non-current liabilities              911           366            651

Trade and other payables           2,634         1,840          1,145
Obligations under finance                           98             30
leases
Taxation                             381           335            337
Bank overdraft                                     120
Current Liabilities                3,015         2,393          1,512

Total Equity and Liabilities      14,665        11,404         11,197




Statement of changes in equity
for the period ended 31 December 2008

                     Share   Share  Retained Exchange Minority
                    capital premium  income  reserves Interest Total
                     £'000   £'000   £'000    £'000    £'000   £'000

Balance as at 30      1,090   6,556      569    (155)           8,060
June 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                           806                97    903
period
Investment by                                              351    351
minorities
Exchange                                          451             451
translation gain
Balance at 31         1,121   6,772    2,429     (31)      448 10,739
December 2008




Cash Flow Statement
for the period ended 31 December 2008
                                      Six months ended       Year
                                                            ended
                                       December 2008     30 June 2008
                                        (unaudited)       (audited)
                              Notes        £'000            £'000

Cash flows from operating
activities
Cash generated from            7.1    653                1,320
operations
Financing income                      412                82
Financing costs                       (3)                (188)
Income taxes paid                     (254)              (439)
Net cash flows from operating         808                775
activities

Cash flows from investing
activities
Proceeds from sale of                                    35
property, plant and equipment
Acquisition of property,
plant and equipment
-          Additions to               (229)              (626)
expand operations
-          Pre-production             (402)              (233)
expenditure
Net cash outflow from                 (631)              (824)
investing activities

Cash flows from financing
activities
Net proceeds on issues of                                247
shares
Proceeds received on shares    7.2    506
sold in subsidiary
Loans raised                          182                301
Finance lease payments                (30)               (60)
Net cash from financing               658                488
activities

Net increase in cash and cash         835                439
equivalents
Cash and cash equivalents at          1,486              1,222
beginning of period
Effect of exchange rate               197                (175)
fluctuations on monetary
assets
Cash and cash equivalents at          2,518              1,486
end of period



1. Accounting policies

a) Presentation of financial information
   Goldplat plc  is  incorporated in  the  United Kingdom  under  the
   Companies Act 1985.

   The consolidated  financial  statements are  presented  in  pounds
   sterling, which  is considered  by the  Directors to  be the  most
   appropriate presentation currency  for the consolidated  financial
   statements.

b) Basis of preparation of the financial statements
   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.  The  principal accounting  policies  adopted are  set  out
   below.

   The preparation of the financial statements requires the Directors
   to make estimates and assumptions that affect the reported amounts
   of revenues, expenses, assets and liabilities, and the  disclosure
   of  contingent   liabilities  at   the  date   of  the   financial
   statements.  If  in the  future  such estimates  and  assumptions,
   which are based on  the Directors' best judgement  at the date  of
   the financial statements, deviate  from the actual  circumstances,
   the  original  estimates  and  assumptions  will  be  modified  as
   appropriate in the year in which the circumstances change.

c) New Standards and Interpretation
   At the date of authorisation of these financial statements,  there
   were International  Reporting Standards  and Interpretations  that
   were in issue but not yet  effective, which have not been  applied
   in preparing these financial statements.

   The Directors anticipate that the adoption of these Standards  and
   Interpretations in  future  years  will  have  no  impact  on  the
   financial statements except  for additional  disclosures when  the
   relevant Standards and Interpretations come into effect.

d) Basis of consolidation
   The consolidated  financial statements  incorporate the  financial
   statements of  the  Company  and  enterprises  controlled  by  the
   Company (its subsidiaries) as at  the reporting date.  Control  is
   achieved where the Company has  the power to govern the  financial
   and operating policies of a subsidiary.

   All intra-Group transactions,  balances, income  and expenses  are
   eliminated on consolidation.

e) Goodwill
   The purchase  method of  accounting  is used  to account  for  the
   acquisition of  subsidiaries.   Identifiable assets  acquired  and
   liabilities and  contingent  liabilities  assumed  in  a  business
   combination, irrespective of the extent of minority interests, are
   measured initially at their fair values at the acquisition  date.
   The excess of the cost of  the acquisition over the fair value  of
   the Group's  share  of the  identifiable  net assets  acquired  is
   recorded as goodwill.  If the cost of the acquisition is less than
   the fair value of the net  assets of the subsidiary acquired,  the
   difference is accounted for directly in the income statement.  The
   cost of an acquisition is measured at the fair value of the assets
   given, equity  instruments  issued  and  liabilities  incurred  or
   assumed at the date of exchange, plus costs directly  attributable
   to the acquisition.

f) Property, plant and equipment
   Items of property,  plant and equipment  are stated at  historical
   cost less  accumulated depreciation  and impairment  losses.   The
   cost of the mining  assets includes the  costs of dismantling  and
   removing the  items  and restoring  the  site on  which  they  are
   located.

   Where parts  of an  item  of property,  plant and  equipment  have
   different useful lives, they are  accounted for as separate  items
   of property, plant and equipment.

   Subsequent costs
   The Group recognises in the carrying amount of an item of
   property, plant and equipment the cost of replacing part of such
   an item when that cost is incurred if it is probable that the
   future economic benefits embodied with the item will flow to the
   Group and the cost of the item can be measured reliably.  All
   other costs are recognised in the income statement as an expense
   as incurred.

   Depreciation
   Depreciation is charged to the income statement on a straight-line
   basis over the estimated useful lives  of each part of an item  of
   property, plant and equipment. Owned land is not depreciated.
   *          Leasehold land              Lease period
   *          Buildings                   20 years
   *          Plant and equipment         10 years
   *        Motor vehicles                5 years
   *          Office equipment            6 years
   *          Spare parts                 10 years
   Assets held  under  finance  leases  are  depreciated  over  their
   expected useful lives on the same basis as owned assets or,  where
   shorter, over the term of the relevant lease.

   Surpluses/(deficits) on the disposal  of mining assets, plant  and
   equipment  are  credited/(charged)  to  income.   The  surplus  or
   deficit is the  difference between the  net disposal proceeds  and
   the carrying amount of the asset.

g) Leases
   Leases under the  terms of which  the Group assumes  substantially
   all the risks and rewards  of ownership are classified as  finance
   leases. The  owner-occupied property  acquired by  way of  finance
   lease is stated at an amount equal to the lower of its fair  value
   and the present value of  the minimum lease payments at  inception
   of the lease, less accumulated depreciation and impairment losses.

h) Inventories
   Inventories are valued  at the  lower of cost  and net  realisable
   value on the weighted average basis, and include costs incurred in
   acquiring the  inventories and  bringing  them to  their  existing
   location and  condition.  Net  realisable value  is the  estimated
   selling price  in  the  ordinary  course  of  business,  less  the
   estimated costs of completion and selling expenses.

   Work-in-progress comprises  materials  in  the  process  of  being
   converted from raw materials to finished goods.   Work-in-progress
   is valued at  the lower of  cost and net  realisable value on  the
   weighted average basis.

   Bullion on hand, gold and platinum in process represent production
   on hand after the smelting process, gold contained in the  elution
   process, gold loaded carbon in the CIL and CIP processes,  gravity
   concentrates, platinum  group metals  (PGM) concentrates  and  any
   form of  precious  metal  in  process where  the  quantum  of  the
   contained metal can be accurately determined. It is valued at  the
   average production cost for  the year, including amortisation  and
   depreciation.

   Stores and materials consist of  consumable stores and are  valued
   at the lower of average cost or net realisable value.

i) Provisions
   A provision is recognised in the balance sheet when the Group  has
   a present legal or constructive obligation  as a result of a  past
   event, and it  is probable  that an outflow  of economic  benefits
   will be  required  to settle  the  obligation. If  the  effect  is
   material, provisions are  determined by  discounting the  expected
   future cash flows at a  pre-tax rate that reflects current  market
   assessments of the time value of money and, where appropriate, the
   risks specific to the liability.

j) Income tax
   Income tax on the  profit or loss for  the year comprises  current
   and deferred tax. Income tax is recognised in the income statement
   except to the extent that it relates to items recognised  directly
   in equity, in which case it is recognised in equity.

   Current tax is the expected tax payable on the taxable income  for
   the year, using tax rates enacted or substantially enacted at  the
   balance sheet date, and any  adjustment to tax payable in  respect
   of previous years.

   Deferred tax is provided using the balance sheet liability method,
   providing for temporary differences between the carrying amount of
   assets and liabilities  for financial reporting  purposes and  the
   amounts used  for  taxation  purposes.   The  following  temporary
   differences are not provided for: goodwill not deductible for  tax
   purposes, the initial  recognition of assets  or liabilities  that
   affect neither  accounting  nor taxable  profit,  and  differences
   relating to investments  in subsidiaries to  the extent that  they
   will probably not reverse in the foreseeable future. The amount of
   deferred  tax  provided  is  based  on  the  expected  manner   of
   realisation or settlement  of the  carrying amount  of assets  and
   liabilities using tax  rates enacted or  substantively enacted  at
   the balance sheet date.

2. Business and geographical segments

   For management purposes, the Company's main activity is that of  a
   holding Company.

         Subsidiaries           Main activity     Country  Percentage
                                                             owned
   Goldplat Recovery (Pty)   Precious metal        South      85 %
   Ltd                       extraction           Africa
   Gold Recovery Ghana       Precious metal        Ghana     100 %
   Limited                   extraction
   Kilimapesa Gold (Pty)     Gold producer         Kenya      50 %
   Limited



3. Share capital
                       December December 2008 June 2008   June 2008
                         2008
                        £'000   No of shares    £'000   No of shares

   Authorised
   Ordinary Shares  of   10,000 1,000,000,000    10,000 1,000,000,000
   1p
   Issued  and   fully
   paid
   Ordinary shares  of    1,121   112,120,000     1,121   112,120,000
   1p



4. Share based payments
   Share options                               Number options
   During the period ended 31 December 2008
   the Company had the following share options
   in issue:
   As at 30 June 2008                                       1,950,000
   Granted during the period                               16,000,000
   Exercised during the period                                      -
                                                           17,950,000

   Effective 5  December 2008  the  Company issued  16,000,000  share
   options to Directors and senior employees with a vesting period of
   2 years at an exercise price of 10p.



5. Earnings per share

   The calculation of earnings per ordinary share is
   based on the following:

   Earnings for the purpose of basic earnings and    806
   diluted earnings per share

                                                     Number of shares

   Weighted average number of common shares in issue 112,120,000
   during the year

   Effect of dilutive options                        4,297,826

   Weighted average number of common shares in issue
   during the year for the purpose of diluted        116,417,826
   earnings per share




                                      Six months ended       Year
                                                            ended
                                       December 2008     30 June 2008
                                        (unaudited)       (audited)
                                           £'000            £'000

6.         Goodwill
                   As    previously              5,018          5,018
stated
                Reduction  on  sale                660
of shares in subsidiary
                                                 4,358          5,018

7.         Notes to  the cash  flow
statement

7.1     Cash generated by
operations
              Operating income        792                1,739
before interest and taxation

              Adjustments for:
              Depreciation of         71                 244
property, plant and equipment
              Loss on disposal of     4                  9
property, plant and equipment
              Operating income        867                1,992
before working capital changes
              Increase in             (822)              (720)
inventories
              Increase in trade and   (881)              (552)
other receivables
              Increase in trade and   1,489              600
other payables
                                      653                1,320

7.2     Proceeds received on shares
of subsidiary
                Sale of 15% of        1,012
shareholding in Goldplat Recovery
                Proceeds receivable   (506)
from future dividends
                Cash received on      506
sale

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