Goldplat plc ( Goldplat  or  the Company )

Managing Director Appointment   Gold Recovery Operations

Goldplat plc, the AIM quoted gold producer focussed in Africa, is pleased to announce the appointment of Dr Robert Pitts Smith as Managing Director of its Gold Recovery division, comprising Goldplat Recovery (Pty) Limited in South Africa and Gold Recovery Ghana Limited in Ghana.  This appointment will allow the Company s CEO, Demetri Manolis, to concentrate his efforts on Goldplat s mine development and exploration activities.  It is the intention to appoint Robert Pitts Smith to Goldplat s board in due course.

Robert has been working with Demetri Manolis in the recovery of precious metals since 1979 and formally joined Goldplat Recovery in September 2003.  He has a PhD in Chemical Engineering and a MSc in business administration and was previously responsible for marketing and technical matters for the Goldplat Recovery.

Goldplat CEO Demetri Manolis said,  I am delighted to announce Robert s appointment as Managing Director of our two gold recovery operations in South Africa and Ghana, for which he has had day to day management responsibility for several years.  With his experience, I believe Robert is ideally suited to drive both the efficiency and profitability of our operations.  With the exploration and development of gold mining projects central to our growth strategy of becoming a mid tier gold producer, I will be focussing on advancing our prospective Nyieme gold project in Burkina Faso, Banka Gold Project in Ghana and Kilimapesa gold mine in Kenya, as well as evaluating new opportunities from which to acquire new gold projects to expand our already solid asset base.

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For further information visit www.goldplat.com or contact:

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 entered into a Memorandum of Agreement with Gulf Coast Resources Inc ( Gulf ), a Canadian mining company for the acquisition 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.

Felicity Edwards

St Brides Media and Finance Ltd

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