Kenyan Gold Project - Kilimapesa Gold Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                  13 June 2011
                   Goldplat plc ('Goldplat' or 'the Company')
                  Kenyan Gold Project - Kilimapesa Gold Update

Goldplat  plc, the AIM  quoted gold producer,  is pleased to  provide a positive
update on its wholly owned gold mining operation ('Kilimapesa Gold'), located in
the historically producing Migori Archaean Greenstone Belt in western Kenya.

Overview
  * Title  Deed required for the  issuing of the Mining  Lease has been issued -
    final  documentation delivered to  the Commissioner of  Mines and Geology in
    Kenya
  * Underground development to commence to increase existing ore resources
      * Extend  current  250m underground  strike  exposure of auriferous quartz
        veins at Kilimapesa Hill target
      * Sub-incline to be developed to extend vein exposure at depth

  * Four  key  exploration  targets  identified  for  diamond  drilling based on
    existing data and artisanal activity
  * Continuity   of  quartz  veins  at  Vim/Rutha  target  confirmed  by  recent
    geophysical IP surveys - laterally continuous over 300-400m
  * Three  parallel quartz veins  mapped on surface  beyond the Vim/Rutha target
    over 5km strike
  * Red  Ray correlates positively to Kilimapesa Adit  B -  rock chip samples of
    up to 10 g/t Au
  * Phase one of a two phased drilling programme has commenced - 28 shallow hole
     drilling  programme over 1,120m focussing on  the prospective Vim/Rutha and
    RedRay target areas 2km south of Kilimapesa Hill

  * Aim  to  increase  the  JORC  compliant  resource base at Kilimapesa Gold to
    500,000 ounces ('oz') of gold ('Au')


Goldplat  CEO Demetri Manolis  said, "We continue  to make excellent progress at
Kilimapesa  Gold  and  I  am  delighted  to  report  that the first phase of our
drilling  programme to seek  to upgrade the  resource towards the 0.5 million oz
mark  is underway.  The 28 shallow hole  drilling programme is targeting two new
target  areas, Vim/Rutha and RedRay, which previous geological mapping, sampling
and  IP have identified  as being highly  prospective.  With the  Title Deed now
issued  I am also pleased to report that we are now a short time away from being
issued  with the final Mining Lease which  will trigger the commencement of full
production,  with an  initial target  of circa  5,000oz Au per annum.  These are
exciting  times for the Company with  significant activity across the portfolio,
and  I look  forward to  updating shareholders  further as  we look to build our
resource base and production profile."

Mining Lease

The  Title Deed required  for the completion  of the application  for the Mining
Lease  has  been  issued  and  the  documentation  has  been  delivered  to  the
Commissioner  of Mines and  Geology of Kenya.   The process now  consists of the
gazetting  of  the  application  for  three  months in the Kenyan national press
before  issuance of the  Mining Lease can  be finalised.  In  the mean time, the
Company will resume on-reef development at Kilimapesa Gold as allowed for by the
Mining Location Licence which was issued late last year.

Importantly,  Goldplat has continued to work together and form strong bonds with
the  local  community  and  the  Government  of Kenya, during the development of
Kilimpaesa Gold and the Mining Lease grant process.  The Company would also like
to  take  this  opportunity  to  thank  the  Commissioner  of  Mines and Geology
personally for his support through this process.

Underground Development

Goldplat  will re-commence underground  development with a  view to increase the
250m underground   strike  exposure  of  the  auriferous  quartz  veins  at  the
Kilimapesa  Hill target area.   In addition, a  sub-incline will be developed to
extend  vein exposure in depth by 30m vertically below current workings in order
to  develop the next production level.   This development is expected to provide
additional  ore resources to  the existing JORC-compliant  resource of 1.65Mt at
2.44 g/t  Au for 129,000 oz of gold at a  cut-off grade of 1 g/t of gold for all
categories  and will  also allow  greater mining  flexibility when  full stoping
operations commence.

Exploration

Following  a  data  gathering  exercise  which  included  geological mapping and
sampling,  IP anomalies, artisanal  activity, and previous  RC drilling results,
Goldplat  has  identified  four  highly  prospective targets at Kilimapesa Gold,
which it intends to explore with a view to publishing an upgraded JORC-compliant
resource  by Q4  2011.  Phase one  of a  two phased drilling programme commenced
June  2011 and is focussed on exploring the  Vim/Rutha and Red Ray target areas.
 The programme will comprise drilling of 28 shallow holes to depths of 40m.  The
second phase of drilling is designed to follow up on the results of Phase 1 with
intercepts up to 80m deep.

Vim/Rutha
The  Vim/Rutha target area is  located less than 2km to  the south of Kilimapesa
Hill.   Several narrow (between 5cm and  100cm thick) steeply dipping auriferous
quartz veins trending parallel to the veins intersected in the mining operations
at  Kilimapesa Hill outcrop on surface  and have demonstrated lateral continuity
of  between 300-400m.  A recent geophysical IP  survey has confirmed the lateral
continuity  of the veins but has also indicated possible hitherto unknown veins.
 The  estimated total  strike length  of the  veins of  over 5km attests  to the
prospective  potential of  this area.   Diamond drilling,  comprising 16 shallow
holes  for a total of 640m has commenced and 4 deeper holes for a total of 460m
will be drilled in the second phase programme.

Red Ray
The  Red Ray target  is located 1km east  of Kilimapesa Gold's processing plant.
 As  previously  announced,  two  main  veins  striking east to west and dipping
steeply  to the south can be traced along the crest of two small hills which are
approximately  1.5km in length.   These veins  are thought  to correlate  to the
veins currently exposed in Adit B at Kilimapesa Hill 5km to the west.  Extensive
artisanal  activity has taken place  along the crest of  the hills and the veins
are also exposed at the base of the hills in the adits.  Additionally individual
rock  chip samples of up to 10 g/t Au have been previously recorded by Goldplat.
 The  Red Ray Phase one exploration programme  is also underway and will consist
of surface and underground mapping as well as 12 shallow diamond drill holes for
a  total length of 480m.  2 deeper holes for  a total of 180m will be drilled in
the second phase of the drilling programme.

Qualified Person

This  announcement has been reviewed by Mr. Mark Austin, the group geologist for
Goldplat  who has  more than  25 years of  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 visitwww.goldplat.com or contact:

Demetri  Manolis, CEO Goldplat plc                  Tel: [phone]

James Joyce           WH Ireland Limited            Tel: [phone]

Felicity Edwards      St Brides Media & Finance Ltd Tel: [phone]


Notes

Goldplat  plc is  an AIM-listed  gold producer  with operations  in Africa.  Its
strategy  is to consolidate its position as  a gold producer in Africa and build
itself into a mid-tier gold company.

The  Company has two recovery businesses based in South Africa and Ghana, which,
by safely disposing 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 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'Ivore, Senegal, the DRC and
Mauritania, as well as Ghana.

Goldplat's  strategy is to  build itself into  a mid-tier gold producer, through
the  acquisition  of  known  deposits  with  targets  of between 200,000 and one
million  contained  ounces.   Kilimapesa  Gold  is  a wholly owned subsidiary of
Goldplat and is developing the potential of the 213 sq km Lolgorien licence area
located in the historically producing Migori Archaean Greenstone Belt in western
Kenya.   Kilimapesa  Gold  commenced  initial  production in January 2009 and an
aggressive  exploration  and  development  programme  resulted  in a maiden JORC
compliant resource being reported in October 2009.

Goldplat  also has an  option over the 246  sq km Nyieme Gold Project located in
Burkina Faso, which includes known high-grade quartz vein structures, with drill
core results showing  up to  17.83 g/t gold  over one  metre and  11.67 g/t over
five metres.  A maiden resource was announced in December 2010 of 685,000 tonnes
at  2.61 g/t  Au  for  57,501oz Au  at  a  cut-off  grade  of 1.0 g/t Au for all
categories but the Company hopes to increase this through further exploration.

Additionally,  the  Company  has  acquired  the  Banka  Mining Lease, a ten year
renewable  mining lease for gold and associated minerals covering an area of 29
sq km located in the Amansie East and Asante Akim South Districts of the Ashanti
Region  of the  Republic of  Ghana.  The  Company is  now implementing a defined
development plan with a view to proving a JORC compliant resource.









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Source: Goldplat plc via Thomson Reuters ONE

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