Trading Statement

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration21 July 2008 Goldplat plc ('Goldplat' or the 'Company') Trading UpdateGoldplat plc, the AIM quoted gold producer, is pleased to provide atrading update prior to announcing its results for the year ending 30June 2008, to outline the strong progress made across its portfolioof projects in South Africa, Ghana and Kenya. Both the Company'sgold recovery plants are performing well and ahead of managementexpectations, with production and revenues steadily increasing.Furthermore, its gold operation in Kenya is on track, with an aim tocommence production in Q4 2008 and new acquisition opportunitiesthroughout Africa are under review.Goldplat CEO Demetri Manolis said, "We continue to show stronggrowth, with both recovery businesses performing ahead ofexpectations and our Kenyan Lolgorien gold exploration and productionproject advancing as planned. We look forward to a busy period aheadand a positive reaction to the announcement of our year end resultsin September 2008."South AfricaHaving invested in new machinery and upgraded existing equipment toenable more materials to be processed efficiently, operations at theSouth African gold recovery business are going from strength tostrength. Costs are being reduced and margins increased. Stocks ofmaterials for processing have increased to record levels of circa 45,976 oz of precious metals and discussions are underway with anumber of leading gold producers for further new businessopportunities.The Company is reviewing various mining opportunities within SouthAfrica in tandem with its new Black Economic Empowerment partner,Vunani Limited, as well as discussing a BEE partner for GoldplatRecovery (Pty) Limited itself.GhanaThe Ghanaian recovery plant has performed well since it commencedproduction at the beginning of the year, with the plant now runningat full capacity. New supplies of raw materials have been securedfor future processing, enabling full capacity to be maintained. Thesmelter is now operational and the first samples of gold purchasedfrom the artisanal workers have been smelted. The bullion producedassayed in excess of 85% gold.The Company now has 89,000 tonnes of artisanal tailings stockpiledestimated to contain up to 35,365 oz, based on representative samplesof gold, which exceeds nine years of current production capability.KenyaGoldplat's 50% owned Lolgorien gold operation continues to gainmomentum. With artisanal tailings frequently being delivered to thesite, over 1,100 tonnes of stockpile is now registered. Phase II ofthe staged development programme is underway, and as a result thetotal strike length now exposed has been extended to 93 metres. Chipsampling assay results indicate that the entire strike has an averagegold value of 6.9 g/t Au over a stope width of 1.27 metres containinga 42 metres stretch of 10.13 g/t over 1.4 metres.In addition, the adit has been fully equipped with rails which allowthe use of 'coco pans' to transport the broken ore to the tippingpoint. Production efficiencies have increased markedly as a result.An exploration agenda has been set with the initiation of diamonddrilling comprising 14 holes for a total drill length of 500 metres.These holes are designed to intersect the quartz vein some 30-40metres down-dip from the current on-reef development. Theinformation from the drilling programme, together with that from theadjacent development, will be modelled in 3D using Datamine software,and used to produce a resource statement. The close proximity of thesampling points should allow for a high confidence resource. To dateover 350 tonnes of ore has been stockpiled at the plant site inreadiness for the bulk sampling phase. Phase II is budgeted to costUS$200k and remains within budget.An additional US$500k investment and refurbishment programme is alsounderway aimed at bringing the plant into production in Q4 2008.Equipment has been purchased from South Africa and is scheduled toarrive at the plant at the end of the month.Developments to local infrastructure are being implemented by theRural Electrification Authority ("REA"). The REA has embarked on anelectrification programme for the local town, Lolgorien, which isexpected to be completed by the end of September 2008. Thisdevelopment is likely to be of considerable benefit to the operationas it precludes the use of expensive and inefficient dieselgenerators.Qualified PersonThis announcement has been reviewed by Mr Mark Austin. Mr Austin isthe group geologist for Goldplat and has more than 25 years' relevantexperience in the field of activity concerned. He is a fellow of theGeological Society of South Africa (GSSA) and has consented to theinclusion of the material in the form and context in which itappears. * * ENDS * *For further information visit www.goldplat.com or contact:Demetri Manolis, CEO Goldplat plc Tel: +27 11 423 1203James Joyce /Sarang Shah WH Ireland Limited Tel: 020 7220 1666Isabel Crossley / Felicity Edwards St Brides Media & Tel: 020 7236 Finance Ltd 1177NotesGoldplat plc is an AIM-listed gold producer with operations inAfrica. Its strategy is to create a mid-tier mining house focused ongold production leveraged through revenue generated from its goldrecovery businesses.The Company has two recovery business based in South African andGhana, which, by safely disposing of mining by-products, fulfil animportant aspect of the mines' environmental management programmes.The South African plant is located near the centre of the East RandGoldfield and raw material feedstocks are sourced from many of themajor South African mining companies including Anglogold Ashanti,Goldfields, Harmony, DRD Gold and other smaller producers,. TheGhana plant, located in the free port of Tema, provides access to rawmaterials from mines in Mali, Guinea, Burkina Faso, Benin, CoteD'Ivorie, Senegal, the DRC and Mauritania, as well as Ghana.Goldplat is expanding into gold mining through the acquisition ofknown deposits with targets of between 200,000 and one million ouncesof ore contained. To this end, in a 50/50 JV, it is developing thepotential of the highly prospective 213 sq km Lolgorien licence arealocated in the historically producing Migori Archaean Greenstone Beltin western Kenya, with a view of establishing a mining operation inthe short term. A number of other potential projects across Africaare under review.Glossary of TermsSTRIKE: the horizontal direction of a planar body (90º to the dipdirection)TAILINGS: the residues from the processing of oreADIT: a near-horizontal tunnel driven into a hillsideDRIVE: a tunnel on strike that is developed on ore---END OF MESSAGE---

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