Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
                                30 January 2012
                   Goldplat plc ('Goldplat' or 'the Company')
                 Gold Recovery Operations Increasing Production

Goldplat  plc, the AIM  quoted gold producer,  is pleased to  provide a positive
operations  update from  its two  gold recovery  operations in  South Africa and
Ghana.

Overview
  * Gold  recovery  operations  have  performed  well  in  H1 2011 - the Company
    expects to report a significant increase in operating profit compared to six
    months ended 2011
  * South  African  gold  recovery  is  performing  strongly  and  in  line with
    management's expectations:
      * Continuing   to   improve   the   plant's   operational  efficiency  and
        profitability and reviewing new business opportunities
      * High  grade mill project,  built to increase  milling capacity, has been
        commissioned and is performing solidly
      * Memorandum  of Understanding  submitted to  a mid-tier  gold producer in
        South  Africa  to  allow  Goldplat  to  mine  one of its shafts on a net
        smelter return basis
      * Letter  of Intent  has been  accepted by  DRD in  South Africa to secure
        further feedstock from its East Rand Proprietary Mines operation
      * Accessing a longer term project to reprocess tailings from the Company's
        Goldplat   Recovery   operation  -  potential  to  significantly  impact
        profitability
  * Ghana   gold   recovery   operation  is  performing  ahead  of  management's
    expectations
      * Marked  increase in by-products received for processing through existing
        contracts  with Goldfield Limited, AngloGold  Ashanti Limited and Golden
        Star Resources Limited
      * Toll  processing  operation  with  Adamus  Resources  performing  well -
        transport costs reduced
      * Advanced  negotiations with  other mining  companies regarding acquiring
        further  processing by-products for gold  recovery from Burkina Faso and
        Mali which if completed would positively impact profitability
  * New gold recovery opportunities - currently investigating the feasibility of
    setting  up a processing unit in  Burkina Faso and reviewing potential plant
    designs and equipment.
  * Total gold production for FY 2012 expected to exceed FY 2011 gold production
    of 28,185 oz


Goldplat  CEO  Demetri  Manolis  said,  "We  are  a  highly  cash generative and
profitable  gold production company  and I am  delighted to report  that our two
gold  recovery operations in South Africa  and Ghana have performed strongly for
the first half of the trading year and expect to see this trend continue for the
second half of the year.  Additionally, with the commencement of gold production
earlier  this month at our first mining  operation, Kilimapesa Gold in Kenya, we
expect  to significantly exceed last year's  total gold production of 28,185 oz.
 In  turn we also  have two brownfield  high grade gold  development projects in
Burkina  Faso and  Ghana with  resource upgrade  and production potential.  With
these  developments in mind,  I believe that  Goldplat looks set for significant
growth during the remainder of 2012 and beyond."

Goldplat Recovery (Pty) Ltd - South Africa ('Goldplat Recovery')

Goldplat's gold recovery operation in South Africa, which processes and recovers
gold  from by-products of the mining process, is performing strongly and in line
with management's expectations for FY 2012.

In   order   to  continue  improving  the  plant's  operational  efficiency  and
profitability  the  Company  has  implemented  additional  plant  equipment  and
reviewed a number of new business opportunities.

In this regard, the high grade mill project, built to increase milling capacity,
has  been commissioned and is performing well.  Additionally a new fluidised bed
incinerator  is currently being installed on  site, which once commissioned will
have  a positive impact on the cash position of the Company.  This will increase
Goldplat  Recovery's ability to successfully bid  for fine carbon contracts from
other  mining companies and will assist in reducing some of the Company's stocks
of gold bearing material held at Goldplat Recovery.

In  terms of  new business  opportunities, the  procurement of  new gold bearing
materials from further gold mining companies in South Africa is on-going and our
stocks  of raw material remain stable.   The Company is currently in discussions
with   potential   new  clients  regarding  securing  additional  materials  for
processing.  Any contract secured will be announced in due course.

A  Memorandum  of  Understanding  has  also  been  submitted  to a mid-tier gold
producer  in South Africa to allow  Goldplat to mine one of  its shafts on a net
smelter return basis.  In addition, negotiations are on-going with a second mid-
tier  gold  producer  located  in  the  Witwatersrand  goldfields with a view to
Goldplat mining one or more of its shallow shafts on a net smelter return basis.


As  previously reported,  a Letter  of Intent  has been  accepted by DRD Gold SA
('DRD'),  a mid-tier gold producer in  South Africa, to secure further feedstock
from   its  East  Rand  Proprietary  Mines  operation.   Goldplat  Recovery  has
undertaken exploration of all of its surface reserves including old shaft areas,
railway  lines and the  gold plant itself  and a proposal  has been presented to
DRD.

Goldplat  is also accessing a longer term project to reprocess tailings from the
Company's  Goldplat Recovery operation.  The Company has significant reserves of
coarse  material  that  has  been  screened  out  of purchased material prior to
processing.   Goldplat  is  investigating  the  crushing  and  screening of this
material  to provide a viable grade fine fraction that can be processed for gold
recovery  and the coarse fraction for sale.   A feasibility study is in progress
with  samples having been submitted to mining consultants SGS for evaluation. If
the  project is  commissioned the  Company believes  it would have a significant
impact on the profitability of Goldplat Recovery.

The   Company  will  make  an  update  to  the  market  on  these  new  business
opportunities in due course.

Goldplat Recovery Ghana Limited ('GRG')

In  terms of gold recovery and profitability the GRG gold recovery operation has
performed  beyond management's expectations in the  first six months of the year
and the Board expect to see this trend continue for the second half of FY 2012.

The  Company is pleased to  report that there has  been a marked increase in the
by-products   received   through  existing  contracts  with  Goldfield  Limited,
AngloGold Ashanti Limited and Golden Star Resources Limited.  With this in mind,
GRG  has placed an  order for a  second fluidised bed  incinerator which will be
delivered in Q1 2012.

The toll processing operation GRG has in place with Adamus Resources ('Adamus'),
which  processes by-products off  site, is performing  well with transport costs
being  reduced  by  sourcing  materials  closer  to Adamus' processing plant.  A
second receiving area at the Adamus plant has been constructed which will enable
the  Company  to  increase  the  volumes  of  materials delivered each month for
processing.   Further testwork  is being  completed by  Adamus on GRG's tailings
situated  on site at GRG's operations in Tema to establish if these tailings can
be   successfully  processed.   If  viable,  this  will  provide  extra  revenue
opportunities  and free capacity  for further stockpiles  of raw materials to be
held at Tema.

Goldplat is still in advanced negotiations with other mining companies regarding
acquiring further processing by-products for gold recovery from Burkina Faso and
Mali.  A number of proposals have been submitted to these various operations and
we will update on progress in due course.

New Recovery Opportunities

Research  in Burkina Faso has also  indicated that there are significant volumes
of  tailings  at  attractive  grades  available  for processing.  The Company is
currently  investigating  the  feasibility  of  setting  up a processing unit in
Burkina Faso and reviewing potential plant designs and equipment.

                                  * * ENDS * *

For further information visitwww.goldplat.com or contact:
Demetri  Manolis, CEO        Goldplat plc              Tel: +27 (0) 11 423 1203

Ewan Leggat/Katy Birkin      Fairfax I.S. PLC          Tel: +44 (0) 20 7598 5368


Felicity Edwards             St Brides Media & Finance Tel: +44 (0)20 7236 1177
                             Ltd


Notes:

Goldplat  plc, which  has a  market cap  of circa  £23 million, is an AIM-listed
profitable,  debt free  gold producer  and mine  development company focussed in
Africa, which has a strong cash position of in excess of £4.59 million as at 31
December  2011.  The Company has a solid  portfolio of assets including two gold
recovery operations in South Africa and Ghana, which recover precious metal from
by-products  of  the  mining  process  such  as woodchips, fine carbon and waste
grease.   For the FY 2011 these operations produced circa 28,000 ounces of gold.
 Goldplat  also  has  a  producing  gold  mine  in Kenya and two brownfield gold
development  projects in Ghana and Burkina  Faso with near term resource upgrade
potential  from which  it aims  to delineate  in excess  of 1 million  ounces of
resources  by H1 2012.  In  line with this,  the Company has implemented defined
exploration  and development programmes across each  of its projects with a view
to  developing multiple profitable mining operations in the near to medium term.











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Source: Goldplat plc via Thomson Reuters ONE

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