Kenya Mining Lease Update

Goldplat plc, the AIM quoted gold producer, is pleased to announce that the Commissioner of Mines and Geology in Kenya, has confirmed that all the relevant documentation required for a Mining Lease to be granted for the Company's operations at the Kilimapesa Hill gold mining project ('Kilimapesa Project') has been approved. The only outstanding requirement is the formality of the issuance of a Mining Right number from the Director of Survey. The Commissioner of Mines and Geology has committed to giving the necessary assistance to Kilimapesa Gold (Pty) Limited ('Kilimapesa Gold'), in order to be able to fast-track the Mining Lease issue. The Commissioner stated that, "the Kenyan Government is very positive about the granting of the Mining Lease to Kilimapesa Gold and views this as the start of a new era for the gold mining industry in Kenya ."

The management of Kilimapesa Gold has started preparations for the up scaling of its operations in readiness for the Mining Lease. Goldplat CEO Demetri Manolis said, "This is fantastic news for the Company and we are delighted that we will now be able to bring the Kilimapesa Project into production. Importantly we have developed a strong relationship with the Ministry of Mines and Geology, who I would like to thank for their assistance, and look forward to aiding the country in developing its resource industry."

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

Demetri Manolis, CEO Goldplat plc Tel: +27 (0) 11 423 1203
James Joyce WH Ireland Limited Tel: +44 (0) 20 7220 1666
David Porter WH Ireland Limited Tel: +44 (0) 20 7220 1666
Bill Sharp Alexander David Securities Ltd Tel: +44 (0)20 7448 9820
David Scott Alexander David Securities Ltd Tel: +44 (0)20 7448 9820
Felicity Edwards St Brides Media & Finance Ltd Tel: +44 (0)20 7236 1177
Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0)20 7236 1177

Notes:

Goldplat 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 highly profitable mid-tier gold company, leveraged through revenue generated from its gold recovery businesses. 

The Company has two recovery businesses based in South Africa and Ghana producing circa 21,000 ounces of gold per year.These safely dispose of mining by-products, and 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'Ivorie, Senegal , the DRC and Mauritania , as well as Ghana .

Goldplat is looking to increase its asset base through the acquisition of known deposits with targets of between 200,000 and one million contained ounces.  To this end, it is developing two projects; its wholly owned Kilimapesa Gold mining project, located in the historically producing Migori Archaean Greenstone Belt in western Kenya and the prospective 246 sq km Nyieme Project in Burkina Faso with a view to establishing a mining operation in the short term.Kilimapesa Gold commenced initial production in January 2009 and has announced an initial JORC-compliant resource of 1.65Mt at 2.44 g/t Au for 129,000 oz Au at a cut-off grade of 1 g/t Au for all categories.