Trading Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining &
                             Exploration
3 November 2008
             Goldplat plc ('Goldplat' or 'the Company')
                           Trading Update

Goldplat plc, the AIM quoted gold producer, is pleased to report that
trading for  the first  quarter  of the  current financial  year  has
continued to be buoyant.

Overview:

  * Positioned to maintain healthy growth with increasing cash
    resources of £2 million
  * On target to be producing gold before year end 2008 at Kilimapesa
    Project in Kenya, with ore being stockpiled from the underground
    operations and from local artisanal miners
  * Significant progress at South African gold recovery business with
    new raw material purchased and further steps underway to further
    improve the plant's efficiency
  * Gold Recovery Ghana growing rapidly having won a third large
    contract, identified and evaluated further stockpiles of
    artisanal tailings and progressed construction of an incinerator
    to increase production potential
  * Additional mining opportunities continue to be evaluated in other
    African countries


Goldplat CEO Demetri  Manolis said, "With  demand for gold  remaining
buoyant we are  ideally positioned  to maintain  our strong  growth.
Developments in Kenya are running  according to plan with  production
still on  schedule  for the  end  of  the year,  and  our  processing
operations in  South  Africa  and  Ghana  are  producing  significant
cashflows which unlike  many other  juniors, means we  have a  strong
balance sheet.   We are  currently looking  to utilise  our  recovery
technology to  expand into  other countries  in Africa  and in  turn,
strengthen our connections with the  mining industry to identify  and
acquire additional brown field projects  that we can rapidly  advance
into production.  In  essence, I  am confident  we are  in the  right
sector with a strong business,  which gives me the utmost  confidence
for the future."

Mining

Kilimapesa Gold - Kenya:

 Kilimapesa remains on target to be producing gold before year  end.
To  date  175m  of  quartz  vein  strike  has  been  exposed  in  the
underground development  constituting the  'Bulk Sampling  Programme'
agreed with the Kenyan Commissioner of Mines.  Sampling indicates  an
average value of 6.28 g/t Au over a strike of 114m with a stope width
of 127cm, including  8.01 g/t Au  over 60m with  a mineable width  of
144cm.  The first 8m of  the western-most raise indicates an  average
grade of 5.26g/t  Au over a  stope width of  100cms.  The orebody  at
Kilimapesa Hill is  thought to  comprise at least  3 parallel  quartz
veins, approximately  25m apart,  striking east  - west  and  dipping
steeply toward the  south.  The  known mineralised  strike length  at
Kilimapesa Hill is now 1.2 km.

In addition to the on-reef development, a diamond drilling  programme
has commenced comprising  14 holes for  a total drill  length of  500
metres on which the Company will update the market in due course.

A road to the adit entrance at Kilimapesa Hill has been developed and
a station  comprising  an  ore  tipping  facility,  a  generator  and
compressor house as well as a workshop has now been established.  The
processing plant is currently being refurbished with the leach tanks,
thickener tank,  ore  handling,  crushing section  and  new  electric
reticulation now completed.   The mill has  also been relined,  while
the area for the tailings facility  has been cleared and the  process
of building the retaining walls has started.

Ore from  the  underground  operations is  being  stockpiled  at  the
processing plant site  with some  1,500 tonnes  accumulated to  date.
 Additional mill feed sources have been utilised and in keeping  with
Kilimapesa's excellent local  community relations,  an agreement  has
been reached with the local  artisanal miners to purchase their  high
grade  tailings.   These  average  15g/t  Au  and  to  date  we  have
stockpiled 1,600 tonnes at the plant site with an additional  several
thousand tonnes still due to be transported to the plant.  By working
closely with the local artisanal miners, the Board hope that this may
lead to identifying other potential areas for mining activities.

In order to produce a  JORC compliant resource, a drilling  programme
has been  implemented  at  Adit  B.   Holes  have  been  designed  to
intersect the quartz vein approximately 20m below the current drives.
 Four holes have been completed which show the existence of the  vein
below the current  adit development.   The data will  be modelled  in
three dimensions to produce an accurate geological model.

The mine  is situated  in a  predominantly Masai  area and  community
relations are excellent.   Management has committed  to employing  as
many local staff as  is possible and  to date, more  than 95% of  the
staff are Masai.  The Kilimapesa Project has strong support from  the
Kenyan Government agencies, particularly Mining and Environment.  The
Permanent Secretary for  the Department  of Environment  has made  an
official visit to the  property and has pledged  his support for  the
operation.  Recent local meetings  held for the Environmental  Impact
Assessment Study have shown tremendous support for the operation  and
all Government agencies have been consulted and to date no objections
or concerns have been raised.

Kilimapesa has also recruited highly experienced South African mining
staff, whose primary  function will  be to  increase the  development
rates and train local labour in areas of mining skills and safety.

Gold Recovery Business:

South Africa:  Significant progress has  been made to secure new  raw
material for the  South African gold  recovery business.   Agreements
were signed with  the West  Wits Business Unit  of AngloGold  Ashanti
Limited  to  purchase  two  stockpiles  of  raw  material   providing
sufficient material for twelve  months of production  for one of  the
major lines  of production.   As a  result of  these two  agreements,
Goldplat Recovery  was invited  to participate  in a  major  sampling
programme of areas, under the jurisdiction of the same Business Unit,
that require  rehabilitation.   AngloGold Ashanti's  strategy  is  to
first remove  any  viable  gold bearing  material  before  the  final
rehabilitation  is  completed.   This  project  is  expected  provide
significant material for future processing.

A further long term  contract was signed  with our strategic  partner
Rand Refinery for the supply of toll processing facilities for one of
its by-products.  A new automated gravity concentrator has also  been
ordered and is due for delivery  in October 2008, to further  improve
efficiency at the Benoni plant.

Ghana: A third large contract has been awarded to Gold Recovery Ghana
by Goldfield's Tarkwa operation to  process fine carbon, with  carbon
now delivered to the works in Tema.  Further stockpiles of  artisanal
tailings raw material have been identified and evaluated.

The  construction  of  an  incinerator,  for  shipment  to  Tema,  is
continuing  in  South  Africa  which  when  installed  will  increase
production potential in Ghana.

New  prospects:  The  potential   for  expansion  of  the   Company's
reprocessing operations  into Tanzania  and  Zambia continues  to  be
evaluated.   In Tanzania, artisanal high grade tailings in excess  of
100,000  tonnes   have  been   identified,  measured   and   sampled.
 Discussions with potential Tanzanian partners are ongoing  regarding
cooperation, with Goldplat  providing the  technology and  expertise,
with the partners supplying the tailings.

In Zambia, the Company has  initiated a preliminary investigation  of
the copper  and gold  potential of  the region  and look  forward  to
updating the market in due course.

Additional Opportunities:

Mining opportunities  continue  to  be  evaluated  in  other  African
countries.  In  South  Africa  the  agreement  under  which  Goldplat
Recovery has become compliant with Black Economic Empowerment laws is
expected make  the  acquisition of  projects  easier.  It  should  be
stressed that Goldplat will not  become involved in exploration -  it
is only examining brown field  projects and known deposits, which  it
believes can  be exploited  efficiently  and at  low risk.   In  this
context, the fact that Goldplat currently has cash resources of  some
£2 million, and remains cash  generative, gives it a great  advantage
in the junior mining field.

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  member
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/Andrew Garrett 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 is scheduled to commence production Q4 2008.
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
DRIVE: a tunnel on strike that is developed on ore

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