Exploration Update

25 January 2011
 
                               GREATLAND GOLD PLC
 
                               Exploration Update
 
     A New Gold Project in the Southern Yilgarn Region of Western Australia
 
Greatland Gold plc (the "Company"), the mineral exploration and development
company focused on gold projects in Australia, announces it has been awarded
mineral title to the gold prospective Bromus exploration licence in the Norseman
region of Western Australia.
 
Bromus
 
The Bromus project is located in the southern Yilgarn region of Western
Australia. It lies 25km south-west of Norseman Gold Plc's (AIM:NGL) gold mining
operations at Norseman, and 65km south of the historic Chalice gold mine. Other
nearby licence holders in the region include AngloGold Ashanti Limited and Teck,
the Canadian mining company.
 
Bromus is the Company's third project in the highly prospective Yilgarn region;
adding to its Ernest Giles and Lackman Rock licences.
 
The Bromus exploration licence covers 140 km² in the prolific mining district of
Norseman in Western Australia. There is little outcrop and the land is currently
vacant crown land with good infrastructure in place and nearby roads from
Kalgoorlie to Esperance as well as the main Norseman-Esperance highway which
passes through the far south-eastern parts of the licence area. Furthermore, the
Kalgoorlie to Esperance railway runs adjacent to the highway. Water and
electrical infrastructure is also close, hence we do not envisage any
operational difficulties in undertaking either sampling or drilling. Bromus is
approximately 150km north of the Southern ocean and its easy logistics make it
an attractive mining location.
 
Bromus includes a north-west trending greenstone belt that is situated between
the Goodia granite dome to the east and granite gneisses to the west.
Interpretation of aeromagnetic data suggests the greenstone belt has a width of
some 2km. The majority of the tenement is covered by calcareous soils with
little exposure of the underlying gold prospective greenstones.
 
The Chalice gold mine is located 65km north of Bromus in the same greenstone
belt. Gold was produced from the Chalice mine from 1995 to 2000. The pre-mining
inferred resource at Chalice was 3.5 million tonnes at 8.19g/t gold for 922,000
oz gold. Chalice was discovered in 1993 by drill testing below a surface gold
anomaly of only 7ppb gold.
 
Previous exploration activities at Bromus have been carried out by Resolute Ltd
and Goldfields Exploration between 1994 to 2000. Their surface sampling outlined
numerous scattered gold anomalies from 10ppb gold to 97ppb gold near and
parallel to the eastern edge of the greenstone belt in the central parts of the
current licence. Strike length of this zone is some 8km. Greatland has concluded
that in-fill surface sampling and drill testing of these gold anomalies is a
high priority.
 
Greatland proposes to carry out surface sampling during the first quarter of
2011 and review results with a view to drill testing surface gold anomalies
later in 2011. The director's believe that Bromus has the potential for a
shallow depth gold resource, with possible gold bearing mineralisation at
shallow depths that might, with proper appraisal, support a low cost, open-pit
operation.
 
Reflecting our confidence in the region, Greatland has also made application for
a further two exploration licences adjoining the current Bromus exploration
licence. Further details of these will be provided in due course.
 
Corporate
 
Greatland Gold owns 100% of all projects in its portfolio. The Company's policy
is to develop its projects via systematic exploration activities culminating in
the drilling of strategic targets in an effort to locate new orebodies.
 
The Company concentrates its efforts in Australia where there is low political
risk, an established mining culture and regions prospective for new orebodies.
 
Callum Baxter, Managing Director, commented: "We have added another gold project
to our portfolio in the southern goldfields of Western Australia; one of the
most prolific gold producing regions in the world. The Bromus licence
complements our licence holding at Lackman Rock and is near to the gold mininig
centre of Norseman. Already we have defined surface anomalies at Bromus in a
geological setting analogous to large gold mines nearby. We look forward to
working on these promising targets in the coming months."
 
Competent Persons
 
The  information in  this announcement  that relates  to Exploration  Results is
based  on information compiled by Mr Paul Askins and Mr Callum Baxter, directors
of  Greatland Gold, who are both members of the Australasian Institute of Mining
and  Metallurgy. Paul Askins and Callum  Baxter have sufficient experience which
is   relevant  to  the  style  of  mineralisation  and  type  of  deposit  under
consideration  and  to  the  activity  that  they  are undertaking to qualify as
Competent  Persons as defined in the  2004 Edition of the 'Australasian Code for
Reporting  of  Exploration  Results,  Mineral  Resources and Ore Reserves'. Paul
Askins  and Callum Baxter  consent to the  inclusion in the  announcement of the
matters based on their information in the form and context in which it appears.
 
Enquiries:
 
Greatland Gold plc
Callum Baxter
Tel  +44 (0)20 7099 5845
Email: info@greatlandgold.com
www.greatlandgold.com
 
Grant Thornton Corporate Finance
Gerry Beaney / Colin Aaronson
Tel  +44 (0)20 7383 5100
 
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Source: Greatland Gold PLC via Thomson Reuters ONE
 
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