Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration

29 September 2017

Goldplat plc ('Goldplat' or 'the Company')

Ashanti Gold Corp releases an exploration update at the Anumso Gold Project

Goldplat, the AIM quoted gold producer with international gold recovery operations located in South Africa and Ghana and a gold mine in Kenya, notes the announcement released by Ashanti Gold Corp. ('Ashanti') in relation to Goldplat's Anumso Gold Project in Ghana ('Anumso'), in which Ashanti has the right to earn up to 75% of Goldplat's interest by expending US$3million on exploration work.

Ashanti has identified broader and new mineralised zones at Anumso, which are in aggregate 480m wide in certain areas of mineralisation, following soil sampling. Approximately 1,200 samples revealed multiple zones of mineralised Banket conglomerate. The soil samples tested returned samples with over 30 ppb gold ('Au'), with 24 samples containing more than 100 ppb Au. Results from initial metallurgical test work on oxidised and unoxidised mineralised samples were encouraging; strong gold recovery by cyanidation was observed and an initial Extended Gravity Recoverable Gold test was conducted on an unoxidised composite, which indicated that up to 72.9% of the gold may be recoverable by gravity methods. Further work to optimise process conditions and evaluate variability is planned by Ashanti.

To read the full announcement released by Ashanti in compliance with NI 43-101, please visit Ashanti's website: https://ashantigoldcorp.com/news/2017.

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