Kenya Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
26 January 2009
             Goldplat plc ('Goldplat' or 'the Company')
          Commences Gold Production at Kilimapesa in Kenya

Goldplat plc, the AIM  quoted gold producer,  is pleased to  announce
that its flagship Kilimapesa gold mining  project in Kenya is now  in
production.   The  mine,  which  is   a  50-50  Joint  Venture   with
International Gold Exploration AB, is expected to make an operational
profit from Q2  2009. This  will contribute to  the existing  revenue
being generated from the Company's gold recovery operations in  South
Africa and Ghana.

Overview:

  * US$500,000 plant refurbishment complete and operational - first
    gold loaded carbon ready to export to a refinery in South Africa
  * Stockpiling of artisanal tailings continues with momentum -
    tailings secured range in value between 6g/t and 15 g/t.
  * Underground development continues to extend the strike of channel
    sampling-determined high gold grade quartz vein - highlights
    include 6.33 g/t gold ('Au') over a strike of 129m with a stope
    width of 123 cm
  * Diamond Drilling ('DD') programme confirms veins at depth below
    current underground workings
  * Two sites being targeted are currently yielding grades of up to
    100 g/t
  * Environmental Impact Assessment ('EIA') submitted to the Kenyan
    authorities for granting of Mining Licence
  * Mine expected to make operational profit from Q2 2009


Goldplat CEO  Demetri Manolis  said,  "Commencing production  at  our
flagship Kilimapesa gold mining project is a further step forward  in
building Goldplat  into a  highly  profitable gold  mining  operation
focussed in Africa.  The high grade gold vein system is being rapidly
developed with  exploration targeting  both surface  and  underground
anomalies.  We are aiming to publish a JORC compliant resource  later
this year which will  further enhance the  economic potential of  the
project."

I believe that Goldplat  is now in a  strong position to continue  to
build its portfolio of producing assets across Africa and realise its
true potential."

Production and Newly Refurbished Recovery Plant

The US$500,000  refurbishment programme  for the  recovery plant  has
been completed and the plant is now producing, with the first  loaded
carbon  ready  to  export  to  a  refinery  in  South  Africa.    The
refurbishment programme  included  the  installation of  a  new  mill
motor, a new crushing circuit, the addition of a gravity circuit  and
a  thickener,  an  upgrade  to  the  leach  section,  a  new  pumping
reticulation circuit,  replacement  of the  electrical  recirculation
circuit, a  complete refurbishment  of the  assay laboratory,  and  a
general  upgrading  of  the  safety  aspects  of  the  plant.   These
improvements will enhance  gold recovery rates  and in turn  increase
operational economies of scale.   In addition, the tailings  facility
has  been  completed  to  increase  its  longevity  and  now  has  an
operational life in  excess of  five years.  The  plant is  initially
being powered by diesel generators, but the delivery of grid power to
the mine site  is expected to  take place in  the near future,  which
will reduce operating costs..

Mining

The underground development programme continues to extend the  strike
of the south vein.  To date,  sampling indicates an average value  of
6.33 g/t gold  ('Au') over a  strike of  129m with a  stope width  of
123cm, including  a stretch  of 69m  grading at  8.08 g/t  Au over  a
mineable width of  135cm.  Development, aimed  at exposing two  other
projected parallel veins to the north, continues.

In addition, the Company's mine training initiative has commenced  at
the site, utilising highly experienced South African mining skills to
train  the  local  labour.  The  programme  is  proving  to  be  very
successful, with  immediate  increases  in  raise  development  being
evident.

Diamond Drilling

The DD programme, confirming  the down dip  extension of the  current
quartz vein, has seen  4 holes completed to  date and the Company  is
awaiting assay  results  from  these which  will  be  announced  once
available.  Whilst hard ground  conditions have hampered progress,  a
fifth hole is being  drilled during January.  The initial logging  of
the holes shows the  presence of the quartz  vein at depth below  the
current underground workings, which implies the ore body may continue
at depth.  The information collated from this programme will be  used
to evaluate  the possibility  of developing  another adit  below  the
current adit, in order to create additional resources.

The Company is now in a  position to exploit other sites of  shallow,
potentially high grade gold bearing veins, which have been located as
part of the  cooperation agreement with  the local artisanal  miners.
 Kilimapesa Gold is now in the process of purchasing an excavator  to
assist this  initiative.   Two  sites  in  particular  are  currently
yielding grades  of up  to 100  g/t and  are targeted  to be  drilled
during the first half of 2009.

Artisanal Tailings Stockpile

Additional sources  of  artisanal  tailings  have  been  located  and
secured by contracts.  These  continue to be  delivered to the  plant
site.  Tailings secured range in value between 6 and 15 g/t.

Environmental Impact Assessment ('EIA')

The Kilimepesa  Project continues  to have  strong support  from  the
Kenyan Government  agencies. The  Company is  now in  the process  of
acquiring a Mining  Licence and has  submitted an EIA  to the  Kenyan
Environmental Agency NEMA and looks forward to updating the market on
these developments in due course.

Qualified Person

This announcement has  been reviewed  by Mr. Mark  Austin, the  group
geologist  for  Goldplat  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
Bill Sharp/ David Scott  Alexander David Securities   Tel: +44 (0)20
                         Limited                      7448 9820
Felicity Edwards/ Isabel St Brides Media & Finance    Tel: [phone]
Crossley                 Ltd                          1177


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, 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 feedstock's  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 has expanded  into gold  mining through  the acquisition  of
known deposits  with  targets  of between  200,000  and  one  million
contained ounces.  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,  which  commenced  production  January  2009.   In
addition, a  number of  other potential  projects across  Africa  are
under review.

Glossary of Terms

STRIKE: the horizontal  direction of a  planar body (90º  to the  dip
direction)
TAILINGS: the residues from the processing of ore
ADIT: a near-horizontal tunnel driven into a hillside

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