Goldplat plc announces that it has placed 5,000,000 new ordinary shares ('the placing shares') of 1p at 10p per share to raise £500,000. These funds will be used in connection with the evaluation and acquisition of new mining ventures, primarily gold mining projects, and for working capital.

Following the placing, Sirius Resource Fund 1 will hold 4.58% of the total issued share capital, that being 109,000,000 shares.

Application has been made for the placing shares to be admitted to AIM, with admission expected to occur on 13 April 2007.

Commenting on the placing, Goldplat's Chairman, Brian Moritz, said, 'We have an exciting development plan, which is backed by a cash generative business. The placing at a 10% premium to market price endorses and shows great support and belief in the Company's strategy and the commitment of Demetri Manolis, our CEO, to establishing Goldplat as a junior mining house.'

For further information contact:

Demetri Manolis
Tel: +27 11 423 1202
Fax: + 27 11 423 1230
Mobile : + 27 82 454 7392

Isabel Crossley
St Brides Media & Finance Ltd
Tel+44 (0)20 7242 4477