Greatland Gold PLC : Placing of Shares

6 June 2012

Greatland Gold plc
Placing of Shares

Greatland Gold plc ("Greatland" or the  "Company"), the mineral exploration and development company focused on gold projects in Tasmania and Western Australia, is pleased to announce that it has placed 50,000,000 ordinary shares of 0.1p each  in Greatland ("Ordinary Shares") at a price of 0.75p per share  to directors and other investors, to raise a total of £375,000 before expenses. The  funds raised  will be  used to  provide additional  working capital for the Company.

Application  will be made for the admission  to trading on AIM of these shares, with admission expected to take place on 14 June 2012.

The following directors have subscribed for shares under the placing:

Name	Number of shares subscribed	Resultant holding	Percentage of enlarged share capital
Callum Baxter	666,666	10,858,666	3.10%
John Watkins	666,666	916,666	0.26%

The issue of shares to directors constitutes a related party transaction under the AIM Rules for Companies. The Company's independent director, Andrew Bell, having consulted with the Company's Nominated Adviser, considers that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.

In addition, a significant shareholder, Starvest plc, has subscribed for 13,333,333 Ordinary Shares following which it will hold 35,333,333 Ordinary Shares representing 10.08 per cent. of the Company's enlarged share capital.

Following  the  issue  of  these  shares,  Greatland's  capital  will consist of 350,661,111 Ordinary  Shares with voting rights. Greatland does not hold any shares in treasury.

Therefore, the total number of voting rights in Greatland is 350,661,111.

The  above  figure  may  be  used  by  shareholders  as  the denominator for the calculations  by which they will determine if  they are required to notify their interest  in, or  a change  to their  interest in,  the Company  under the FSA's Disclosure and Transparency Rules.

For more information please contact:

Greatland Gold plc
Callum Baxter
Tel  [phone]
Email:  [e-mail]
www.greatlandgold.com

Grant Thornton Corporate Finance
Gerry Beaney / Colin Aaronson
Tel  [phone]

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Source: Greatland Gold PLC via Thomson Reuters ONE

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