Kenya Gold Project Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
5 December 2007
             Goldplat plc ('Goldplat' or 'the Company')

        Kenyan Lolgorien Gold Licence Area Operational Update

Goldplat Plc, the AIM listed gold producer, is pleased to provide  an
update with regards to its next  phase of the ongoing evaluation  and
development programme at its 50%  owned joint venture Lolgorien  gold
project within the historically producing Migori Archaean  Greenstone
Belt in south western Kenya.  The aim is to conduct an extensive bulk
sampling operation, develop  revenue in  the short  term through  the
refurbishment of the  existing processing  plant to  process ore  and
tailings and to bring the historically producing area back into  full
commercial production.  The Company's  joint venture partner is  Oslo
and Swedish-NGM listed International Gold Exploration AB ("IGE"). The
joint venture is registered in Kenya as Kilimapesa Gold (Pty) Ltd.

Highlights


  * Kilimapesa Hill - a six month underground development programme
    to enable bulk sampling of the ore body is scheduled to start
    January 2008
  * Alpha Ray and Red Ray areas - drill programme to start in
    February 2008 to test quartz veins as delineated by the Induced
    Polarisation  ("IP") anomalies
  * Audit of the existing treatment plant on the licence area is
    underway and a refurbishment programme is being developed to
    allow for the treatment of the bulk samples from Kilimapesa Hill
  * Revenue from the bulk sampling ore treatment and high grade
    tailings is expected to fully fund next phase of development


Demetri Manolis, CEO of Goldplat  said "Following on from the  highly
encouraging underground sampling results achieved in October, we  are
now progressing  decisively to  the next  phase of  our programme  to
develop the  gold potential  at  Lolgorien. The  cash flow  from  the
treatment of the bulk samples and  the high grade tailings will  help
to pay for this phase and  on-reef development will help the  Company
reach a position  of defining  mineral resources which  can be  mined
with very  little development  and within  a short  time scale,  thus
providing us with the potential to generate significant cash flow  in
the short term. The  on-reef development gives  us the best  possible
exposure for the evaluation of the veins as well as providing a sound
infrastructure for future mining."

Lolgorien Development Programme

Goldplat has adopted  a phased  approach for the  development of  the
highly prospective Lolgorien project.  The initial phase involved  an
evaluation of  the  10  selected targets  within  the  licence  area,
including sampling  within existing  adits  developed in  the  1980s,
undertaking IP  programmes, and  shallow auger  drilling of  historic
tailings. The next  phase, Phase  II, involves the  extension of  the
existing  underground  development  of  Kilimapesa  to  provide  bulk
sampling for ore evaluation. Gravity and leach test work conducted by
SGS laboratories in Johannesburg on the run of mine material to  date
shows a recovery in excess of 90% - further test work will be carried
out as more of the  mineralisation is exposed. This development  will
also serve to provide infrastructure for future mining operations.

On-reef Development - Kilimapesa Hill

Following on from the high grade  stope width intersected in Adit  B,
42m averaging 10.13 g/t over 140 cm, it has been decided to embark on
a development programme to enable  bulk sampling in this Adit,  which
is scheduled to last for a period of six months, to provide  Goldplat
with an understanding of  the extent of the  strike length of  quartz
vein exposure,  on  which  a  mining  decision  can  then  be  taken.
Development will initially focus  on the extension  east and west  of
the existing on-reef drives,  located on the South  Vein, as well  as
the development of the northerly extension of the Adit, to  intersect
the parallel vein to  the north, North Vein.  On intersection of  the
North vein,  drives will  be developed  east and  west to  prove  its
strike extent.    Subsequent  development  will  focus  on  continued
extension of all four drives as  well as raising to develop  possible
mineable blocks.

Drilling Programme - Alpha Ray and Red Ray

A programme of  12 Reverse  Circulation ("RC") drill  holes has  been
designed to explore the eastern and western strike extensions of  the
quartz veins intersected by adits  and indicated by the IP  anomalies
in the Alpha Ray and Red Ray areas. Underground rock chip sampling of
both areas has already confirmed  good gold values within the  quartz
veining. It  has been  decided to  utilise an  RC rig  to assess  the
strike and depth  extensions of  the veining.  There are  significant
artisanal workings  in this  area focussed  primarily on  the  higher
grade areas and  this exploration  programme is  designed to  quickly
evaluate  these  veins  at  depth  and  allow  Kilimapesa  Gold   the
opportunity to conduct a bulk sampling programme in this area.

Further details

The joint  venture, in  which the  Company has  a 50%  interest,  was
signed in July  2007 with Oslo  and Swedish-NGM listed  International
Gold Exploration AB  ("IGE") and  registered in  Kenya as  Kilimapesa
Gold (Pty) Ltd.  The total  cost of  the Bulk  Sampling Programme  is
budgeted to be $225,000 of which a significant portion will be funded
from the revenue generated from the bulk sampling as well as from the
treatment of some high grade tailings.

The Migori Archaean Greenstone Belt, where the Lolgorien licence area
is  located,  is  a  northern  continuation  of  the  Lake   Victoria
Goldfields, which hosts many major gold deposits including  Barrick's
multi-million ounce North Mara mine,  which lies approximately 40  km
to the southwest  of the Lolgorien  property.  The  licence area  has
been the site of considerable historical gold mining and is still the
focus of artisanal mining.

This announcement has been reviewed by  Mr Mark Austin. Mr Austin  is
the group geologist  for Goldplat  plc and  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.

                              **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:  [phone]
                                                      1666
Isabel Crossley          St Brides  Media  &  Finance Tel:  [phone]
                         Ltd                          4477


Glossary of Terms

ADIT: a near-horizontal tunnel driven into a hillside
DRIVE: a tunnel on strike that is developed on ore
G/T: Grams per tonne
INDUCED  POLARISATION  (IP):  a  geophysical  method  utilising   the
electric properties of minerals
LEACHING: The extraction of metals from pulverised ore by  dissolving
them in a chemical solution, especially the extraction of gold  using
sodium cyanide
PPM: Parts per million by weight (i.e. grams per tonne)
RC: Reverse circulation. Percussion drilling using an air-cooled bit,
cutting the rock into chips which are flushed to the surface  through
a double walled pipe by the air pressure
STRIKE: the horizontal  direction of a  planar body (90º  to the  dip
direction)
TAILINGS: the residues from the processing of ore

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