Exploration Update

Greatland Gold PLC
24 April 2007

                               GREATLAND GOLD PLC


                               Exploration Update

Dated: 24 April 2007

Greatland Gold plc (the 'Company') the mineral exploration and development
company focused on gold projects in Tasmania and Western Australia is pleased to
announce analytical results from first pass diamond core drilling at the
Firetower West prospect. Results confirm gold and base metal mineralisation at
Firetower West up to 2.72g/t gold, 1.44% copper and 1.06% zinc. A positive
result in the first two holes is highly encouraging because it confirms that a
large mineralised system is present at Firetower West.

Firetower West

Firetower West is a completely separate area located 2.5km north-west of the of
the Firetower gold resource; geology is similar, and structural controls on
mineralisation appear equivalent. Surface sampling at Firetower West was
completed between July and December 2006. Results of surface sampling outlined
mineralisation over a large 2km x 1km area with soil samples peaking at over
100ppb gold. Strong base metal anomalism is also apparent with rock chip values
to 3.3% copper.

Two diamond drillholes were completed at Firetower West as the first sub-surface
test of the large mineralised system. No diamond drilling has previously been
carried out. The drill targets were selected on the basis of surface sampling
results and favourable host rocks, which are analogous to those in the Firetower
resource area. Drillhole collar details are presented in Table 1.

                          Table 1: Drill Hole Details
Hole ID         AMG East          AMG North         Azimuth        Dip      Depth
                   (m)               (m)           (degrees)    (degrees)    (m)             
  FTD032         443 010          5 406 880           198          -40      136.3
  FTD033         443 180          5 406 800           168          -40      133.2


AMG - Aust. Map Grid Co-ordinate, Azimuth - drillhole direction, Dip - drillhole
                             angle from horizontal

Both drillholes were successful in intersecting gold and base metal
mineralisation. Better intercepts include 3m at 1.20g/t gold including 1m at
2.72g/t gold, with other intercepts above 0.5g/t gold. In addition, base metals
were strong with 1m at 1.44% copper and 1m at 1.06% zinc. Highly anomalous
tungsten intercepts were also reported. Significant intercepts are presented in
Table 2.

                  Table 2: Firetower West Significant Results


  Hole No     From      To      Width     Gold      Copper     Lead      Zinc     Tungsten
              (m)      (m)       (m)      (g/t)      (%)        (%)      (%)        (%)
  FTD032       33       35        2                  0.15

               37       38        1                            0.11      0.11
               53       54        1                  0.20
               59       60        1       0.55       0.12                           0.15
               60       61        1       0.33       0.16
               87       88        1       0.83       0.23
               92       93        1       0.30       0.12
               95       96        1       0.22       0.10
               96       99        3       1.20
       incl    97       98        1       2.72
              103      104        1       0.11       0.32
              105      106        1       0.18       0.10                           0.11
              106      107        1                  0.10                           0.18
              108      109        1                  0.17
              110      111        1                  0.19                0.12
              111      112        1       0.35       0.25
              112      113        1       0.45       0.51                0.26
              114      116        2                  0.48                0.12
              116      117        1                  0.13
              117      118        1       0.33       0.17
              119      120        1                            0.14      0.11
              120      121        1                  0.19      0.24      0.10
              125      126        1                                      0.11
              126      127        1                  0.10
              128      129        1                                      0.13
              130      131        1                  0.12

     FTD033   4.2      7.2        3       0.18       0.11
               12      16.2      4.2                 0.29
              16.2     17.0      0.8                                     0.12
              17.0     18.0       1                  0.16
              19.0     20.0       1                                      0.12
              25.0     27.0       2                  0.24
              29.0     30.0       1                  0.11
              35.0     37.0       2                  0.24
              39.0     63.0     24.0                 0.35
       incl   51.0     52.0       1                  0.87
        and   57.0     58.0       1                  0.59      0.18      0.14
        and   58.0     59.0       1                  1.44      0.10      0.22
        and   59.0     60.0       1                  0.88
              67.0     69.0       2                            0.18      0.67
       incl   67.0     68.0       1                            0.22      1.06
              73.0     74.0       1                  0.13
              75.0     76.0       1                  0.78
              89.0     90.0       1                                      0.12
              96.0     97.0       1                                      0.10
              98.0     99.0       1                                      0.24
             100.0    102.0       2                                      0.31
             102.0    103.0       1                            0.33      0.35
             103.0    104.0       1                                      0.16
             105.0    106.0       1                                      0.11
             107.0    109.0       2                            0.18      0.18
             110.0    112.0       2                            0.15      0.14
             113.0    116.0       3                                      0.27
             117.0    120.0       3                            0.20      0.36
             125.0    126.0       1                                      0.21
             128.0    129.0       1                                      0.45

               m - metres,  g/t - grams per tonne,  % - per cent   

A positive result in the first two holes is highly encouraging because it
confirms that a large mineralised system is present at Firetower West. By
analogy with the separate Firetower resource 2.5km away, this new Firetower West
system will contain high grade gold/copper/zinc/tungsten shoots. Consequently,
further efforts will be undertaken to outline mineralisation at surface.
Detailed mapping and surface sampling has commenced and results will be reported
during the quarter.

Competent Persons

The information in this announcement that relates to Exploration Results is
based on information compiled by Mr Paul Askins and Mr Callum Baxter, directors
of Greatland Gold, who are both members of the Australasian Institute of Mining
and Metallurgy. Paul Askins and Callum Baxter have sufficient experience which
is relevant to the style of mineralisation and type of deposit under
consideration and to the activity that they are undertaking to qualify as
Competent Persons as defined in the 2004 Edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Paul
Askins and Callum Baxter consent to the inclusion in the announcement of the
matters based on their information in the form and context in which it appears.

All diamond drilling results are obtained from half NQ core. All samples are
prepared at Genalysis Laboratory Services' Adelaide facility using a single
stage pulverisation, and assayed at Genalysis Laboratory Services' Perth
laboratory. A 50g lead collection fire assay digest with atomic absorption
spectrometry analysis technique (AAS) is used for gold, and a Four Acid
(hydrofluoric, nitric, perchloric and hydrochloric) digest with an Optical
Emission Spectrometry analysis (OES) for other elements. Full quality control is
achieved using a suite of standards, duplicates, repeats and blanks.

The spatial location of samples is derived using handheld GPS to an accuracy of
approximately 5m, and Eastman single shot downhole or north seeking gyro
surveys. Stated co-ordinates are based on the Australian Map Grid 1966, Zone 55
(AGD66 Zone 55).

Enquiries:

Callum Baxter        [phone]          Greatland Gold plc            Managing Director
John Simpson         [phone]          ARM Corporate Finance Ltd     Nominated Adviser


Updates on the Company's activities are regularly posted on its website
www.greatlandgold.com


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