Placing

Goldplat plc 05 April 2007 Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration 5th April 2007 Goldplat plc ('Goldplat' or 'the Company') Placing of new ordinary shares 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.' **ENDS** For further information visit www.goldplat.com or contact: Brian Moritz, Goldplat Chairman Tel: +44 (0)7976 994300 Demetri Manolis, Goldplat CEO Tel: +27 11 423 1203 Mobile: +27 82 454 7392 Luke Cairns, HB Corporate Tel: +44 (0)20 7510 8600 Isabel Crossley, St Brides Media and Finance Limited Tel: +44 (0)20 7242 4477 Notes: Goldplat, which listed on AIM on 26 July 2006, is a market leader in the recovery of gold and platinum group metals from metallurgically-challenging materials consisting primarily of by-products from gold and platinum mines in South Africa. Significant stockpiles of gold bearing materials exist on mine sites, which have been enriched rather than depleted during mining, but which cannot be profitably processed by individual mines. Mines need an economic method to dispose of such material while adhering to environmental obligations. By providing a channel for mines to generate revenue from waste material and save on disposal cost means that a recovery operation is profitable given the Company's economies of scale. The management team has vast experience in mining and the extraction of precious metals, and has established strong relationships with many of the major mining companies, including Anglogold Ashanti, Goldfields, Harmony and Bema for gold and Impala Platinum, Lonmin and Angloplats on the PGM side. Goldplat is now replicating the South African recovery business model in Ghana. With the revenues generated from both plants, the Company aims to identify and acquire further gold mining assets and to become a significant gold producer in Africa. This information is provided by RNS The company news service from the London Stock Exchange