Sale Of The Kilimapesa Gold Mine - Transaction Update

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

11 March 2021

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

Sale of the Kilimapesa Gold Mine - Transaction Update

Goldplat plc, the AIM quoted gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to provide an update relating to the sale of the Kilimapesa Gold Mine in Kenya ('Kilimapesa' or the 'Mine') (the 'Transaction').

Further to the announcement of 23 February 2021, the Company has received notification from Mayflower Capital Investments Pty Limited ("Mayflower") that in accordance with Section 51(6), (7) and (8) of the Mining Act no. 12 of 2016, consent to the proposed acquisition of Kilimapesa by Mayflower Gold Investments Limited, a subsidiary of Mayflower, has been provided by the Ministry of Petroleum and Mining (the 'Consent').

Furthermore, the Competition Authority of Kenya has provided confirmation that the proposed acquisition of Kilimapesa has been declared excluded from the provisions of Part IV of the Competition Act No. 12 of 2010 (the 'Exclusion').

Receipt of the Consent and confirmation of the Exclusion constitute the satisfaction of key conditions to the completion of the Transaction.

Werner Klingenberg, CEO of Goldplat commented: "I am pleased to report these positive developments in the sale of Kilimapesa, specifically the consent to the acquisition of Kilimapesa received by the Ministry for Petroleum and Mining. Together with the confirmation received from the Competition Authority, it puts all parties in a good position to complete the Transaction.