Transaction in Goldplat shares held in Treasury

Goldplat plc, the AIM listed gold producer, announces that it sold 400,000 ordinary shares in the Company at a price of 9.75 pence per ordinary share on 12 March 2010 through the market.

The shares were held as treasury shares and following the sale no remaining shares are held in treasury.

The Company has 112,120,000 ordinary shares of 1 pence each in issue.

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 Disclosure and Transparency Rules.

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 Gold Project in Burkina Faso with a view to establishing a mining operations 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.