Interim Results

Goldplat plc
19 February 2007



     Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration



19 February 2007

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

                                Interim Results


Goldplat plc, the AIM-traded producer of gold and platinum group metals ('PGM')
recovered from by products of the mining process, is pleased to announce its
interim results for the six months ended 31 December 2006.


Overview

•  Goldplat successfully listed on AIM in July 2006 raising £1.5m.

•  Acquired Goldplat Recovery, a South African producer of gold and PGMs
   recovered from by-products of the mining industry.

•  Established complementary processing plant in Ghana to service the West
   African gold mines.

•  For the six month period generated pre-tax profits of £273,763 on
   revenues of £2,121,476 compared to the corresponding period to 31 December 
   2005 for Goldplat Recovery of pre-tax profits of £62,756 on revenues of 
   £1,866,533.

•  Contract signed with AngloGold Ashanti's Obuasi mine to treat fine
   carbon.

•  MoU signed with International Gold Exploration AB to enter into a
   strategic alliance for gold projects on the African continent, which will 
   form the subject matter of potential future joint ventures.

•  Granted the opportunity by Busitema Mining Cie Ltd ('Busitema') to
   conduct due diligence operations and feasibility studies with the view of
   entering into an agreement with regards to gold prospects in Uganda.

Goldplat's Chief Executive Demetri Manolis said, 'Since our successful flotation
in July 2006, we have delivered on our promise to shareholders.  Not only are we
optimising the production at our recovery plant in South Africa, but we have
also established a new processing plant in Ghana and signed a long term contract
with a major producer.  Also in Ghana, our legal structure is in place with all
necessary permits including free zone status with its accompanying taxation
benefits.

'Our next step will be to enter the mining arena and establish a gold producing
unit as a main priority.  Our focus will now be on these mining projects as I
believe this is the best way to achieve growth.'


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

Goldplat plc
Brian Moritz, Chairman                 Tel: [phone]
Demetri Manolis, Chief Executive       Tel: [phone]
                                       Mobile: [phone]


HB Corporate
Edward Hutton                          Tel: [phone]
Luke Cairns

St Brides Media and Finance Limited
Isabel Crossley                        Tel: [phone]




CHAIRMAN'S STATEMENT



I am pleased to announce Goldplat's inaugural interim results for the period
ended 31 December 2006.

The first phase of our strategy was to develop our recovery business, producing
gold and platinum group metals ('PGM') recovered from by-products, such as
woodchips, fine carbon and grease, of the mining process.  In line with this,
our South African operation continues to mature, strengthening its relationships
with blue-chip clients and producing sustainable profits, while our newly opened
Ghana operation is coming into production for the untapped West African Region.

The next phase, which we are now focused on, is to seek gold mining
opportunities within the African Continent by identifying projects and bringing
these into production in the shortest possible time.  To this end we have
entered into talks with interested parties in Uganda, South Africa, Kenya,
Mozambique, Ghana and Tanzania. I believe this strategy will result in rapid
growth of Goldplat.


Goldplat Recovery (Pty) Ltd

The excellent performance of Goldplat Recovery (Pty) Ltd in South Africa is in
accordance with our medium term plan and we expect this performance to continue
for the second six months of this financial year.  We have continued our
procurement programme by strengthening our agreements with the major mining
houses and have healthy reserves.


Gold Recovery Ghana Limited

In October 2006 we acquired a 4.25 acre plot in the free zone area in Tema,
Ghana, to develop a complementary recovery plant.  The first phase of
construction to facilitate the processing of mill liners was completed in
December 2006 and is now in operation. We are currently obtaining quotes for the
second phase of construction, which will entail the erection and commissioning
of a milling and carbon in leach plant.

The Company is building its presence in the area and is already working with a
number of mining companies.  Importantly, in January 2007 it renewed its
contract with AngloGold Ashanti's Obuasi to treat its fine carbon up to March
2008.  We expect that this contract will be ongoing and will be renewed for
another similar term at the end of this period.


Gold Projects

We have made considerable progress in pursuance of our intention to create a
successful junior mining house focussed on gold production assisted by revenue
secured from our recovery business.  We are not interested in greenfield
exploration and will only seek to acquire rights to mine ore bodies with up to
two million ounces of contained gold, which we believe can be brought into
production in the short term.


In line with this we are looking at a number of projects across Africa. The
most advanced of these are:


1.  We have signed a memorandum of understanding with International
    Gold Exploration AB (IGE), a Swedish company listed in Oslo, which is 
    expected to lead to a strategic alliance covering gold and other mining 
    projects, primarily in East Africa. Due diligence has commenced on one gold 
    mining prospect in Kenya.

2.  We have recently been afforded the opportunity to conduct due
    diligence operations and feasibility studies on the gold mining properties 
    of Busitema in Uganda.


We believe the rapid progress, which has been made since flotation on
identifying mining projects will bring positive results in the near future.


Financial Results

I am pleased to report pre-tax profits of £273,763 for the half year ended 31
December 2006. These profits were generated from our South African recovery
plant, which achieved revenues of £2,121,476.  The Group had not been
established in the same period of 2005, but the results for the South African
subsidiary are given by way of comparison. The interim profits for 2005 do not
reflect the corporate overheads required for a public company, which reduced the
interim profit for 2006 by some £54,000. The increased profits have also been
achieved despite a substantial weakening in the South African Rand, thus
reducing their value expressed in sterling. With a continuing strong performance
from the South African subsidiary and a first contribution from Ghana the
Directors look forward to the full year results with confidence.

No dividend is proposed.  The profits will be retained for further expansion of
the Company's operations and to accelerate our growth strategy.


Outlook

The Board believes that a confluence of trends provides a unique opportunity for
Goldplat to grow its recovery businesses and to expand into gold mining through
the acquisition of interests in known deposits, resulting in the opportunity for
rapid increases in shareholder value.



Brian Moritz
Chairman
19 February 2007



Income statement
For the six months ended 31 December 2006
                                                               6 months ended               6 months ended
                                                              31 December 2006             31 December 2005
                                                                 (unaudited)                  (unaudited)
                                                                Goldplat plc               Goldplat Recovery
                                                                    Group                       Company
                                                                      £                            £               



Revenue                                                                  2,121,476                     1,866,553
Cost of Sales                                                          (1,630,097)                   (1,617,524)
Gross Profit                                                               491,379                       249,029

Administrative expenses                                                  (224,589)                     (185,205)
Operating profit before finance costs                                      266,790                        63,824

Finance income                                                              12,188                         2,471
Finance expense                                                            (5,215)                       (1,539)
Net financing income                                                         6,973                           932

Profit before tax                                                          273,763                        64,756

Income tax expense                                                        (99,294)                             -
Profit for the period                                                      174,469                        64,756

Basic and diluted earnings per share (see note 2)                            0.17p                    See Note 2




•   All of the Company's activities are classed as continuing.

•   Basis of preparation

The interim results have been prepared on the basis of the accounting policies
set out in the notes to the financial information.  The comparative figures
represent the results of the trading subsidiary only as this company was not
part of the Goldplat Group during that period.

The interim financial information, which has been approved by the directors, is
unaudited and has not been subject to independent review as defined in the
Auditing Practices Board Bulletin 1999/4 and do not constitute full statutory
accounts as defined in section 240 of the Companies Act.




Balance sheet
At 31 December 2006
                                                               31 December 2006            31 December 2005
                                                                 (unaudited)                  (unaudited)
                                                                 Goldplat plc              Goldplat Recovery
                                                                    Group                       Company
                                                                      £                            £
Assets

Property, plant and equipment                                             1,636,364                    1,719,740
Goodwill                                                                  5,017,818
Total non-current assets                                                  6,654,182                    1,719,740

Inventories                                                                 313,026                      274,508
Trade and other receivables                                                 633,296                      394,335
Cash and cash equivalents                                                   722,563                       69,544

Total current assets                                                      1,668,885                      738,387


Total assets                                                              8,323,067                    2,458,127

Equity


Issued capital                                                            1,040,000                          309
Share premium                                                             6,105,754                      822,021
Retained earnings                                                           156,805                      643,048
Translation Reserve                                                        (91,494)                      152,490
                                                                              
Total Equity                                                              7,211,065                    1,617,868

Liabilities

Provisions                                                                   24,992                       28,154
Interest -bearing loans and borrowings                                       54,917                       26,928
Deferred tax liabilities                                                    386,643                      347,185

Non-Current Liabilities                                                     466,552                      402,267
                                                                            
Trade and other payables                                                    446,569                      328,486        
Interest -bearing loans and borrowings                                       83,819                       50,152
Bank overdraft                                                              115,062                       59,354

Total Current Liabilities                                                   645,450                      437,992

Total Liabilities                                                         1,112,002                      840,259

Total Equity and Liabilities                                              8,323,067                    2,458,127




Cash flow statement
For the period ended 31 December 2006
                                                               31 December 2006            31 December 2005
                                                                 (unaudited)                  (unaudited)
                                                                 Goldplat plc              Goldplat Recovery
                                                                    Group                       Company
                                                                      £                            £

Cash flows from operating activities
Cash generated/(absorbed) from operations                                   233,698                      (1,683)
Financing income                                                             12,188                        2,615
Financing costs                                                             (5,215)                      (1,629)
Income taxes paid                                                          (99,294)                     (45,788)
Net cash from operating activities                                          141,377                     (46,485)

Cash flows from investing activities
Proceeds from sale of property, plant and equipment                          18,354                        2,331
Acquisition of property, plant and equipment
   - Additions to expand operations                                       (370,924)                    (188,270)
Net cash outflow from investing activities                                (352,570)                    (185,939)

Cash flows from financing activities
Proceeds from issue of shares                                             1,500,000
Listing expenses paid                                                     (329,000)
Investment in subsidiary                                                  (500,000)
Instalment sale liabilities                                                  95,657                       57,636
   Raised                                                                   124,271                       82,433
   Repaid                                                                  (28,614)                     (24,797)
Net cash from financing activities                                          766,657                       57,636

Net increase/(decrease) in cash and cash equivalents                        555,464                    (174,788)

Cash and cash equivalents at beginning of period                             31,130                      184,968
Effect of exchange rate fluctuations on cash held                            20,907                           10
Cash and cash equivalents at end of period                                  607,501                       10,190




Notes to the financial information
For the period ended 31 December 2006


1.   Accounting Policies

1.1.Basis of preparation of the financial statements


The financial information has been prepared in accordance with International
Financial Reporting Standards (IFRSs), and IFRIC interpretations endorsed by the
European Union, and with those parts of the Companies Act 1985 applicable to
companies reporting under IFRS.  They have been prepared using the historical
cost convention.

The preparation of the financial statements requires management 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 management's 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.


1.2       Property, plant and equipment


1.2.1     Owned assets

Items of property, plant and equipment are stated at historical cost less
accumulated depreciation (see below) 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.


1.2.2     Leased assets

Leases in terms of which the Company 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.


1.2.3     Subsequent costs

The Company 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 Company and the cost of the item can be measured reliably. All other
costs are recognised in the income statement as an expense as incurred.


1.2.4     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. Land and buildings are not depreciated.

The residual value, if significant, is reassessed annually.

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.


1.3       Inventories

Raw materials are valued at the lower of cost and net realisable value on the
weighted average basis, and includes costs incurred in acquiring the inventories
and bringing them to their existing location and condition.

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.

Precious metals inventories include bullion on hand, gold and platinum in 
process.

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 period, including amortisation and depreciation.

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

Inventories are stated at the lower of cost and net realisable value. Net
realisable value is the estimated selling price in the ordinary course of
business, less the estimated costs of completion and selling expenses.


1.4       Interest-bearing borrowings

Interest-bearing borrowings are recognised initially at fair value less
attributable transaction costs. Subsequent to initial recognition,
interest-bearing borrowings are stated at amortised cost with any difference
between cost and redemption value being recognised in the income statement over
the period of the borrowings on an effective interest basis.


1.5       Provisions

A provision is recognised in the balance sheet when the Company 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.


1.6       Revenue

Revenue from the sale of precious metals is recognised in the income statement
when the significant risks and rewards of ownership have been transferred to the
buyer excluding Value Added Tax, investment income and other non-operating
income.



2.        Earnings per Share

The calculation of earnings per share is based on the following profits and
number of shares.

                                                                       Period to
                                                                31 December 2006

Profit for the financial period                                         £174,469

                                                                    No of shares
Average number of shares                                             104,000,000
Earnings per share                                                         0.17p



The Group had not been established at 31 December 2005 so it is not possible to
provide meaningful earnings per share figures for the comparative period



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