REG-Modification to option Terms between Ashanti Gold and Goldplat for the Anumso Gold Project <Origin Href="QuoteRef">GLDP.L</Origin>

GoldplatAnnouncement

16/01/2018 07:05

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 Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
16 January 2018
Goldplat plc ('Goldplat' or 'the Company')
Modification to option Terms between Ashanti Gold and Goldplat for the Anumso
Gold Project

Goldplat, the AIM quoted gold producer with international gold recovery
operations located in South Africa and Ghana and a gold mine in Kenya, notes
the announcement by Ashanti Gold Corp. ("Ashanti") (TSXV: AGZ) of 15 January
2018 and confirms that it has agreed to extend the option period, within which
Ashanti can acquire 75 per cent. of Goldplat's interest in the Anumso Gold
Project in Ghana ("Anumso").

Ashanti now has until 31 October 2018 to earn an initial 51 per cent. of
Goldplat's interest in Anumso upon the expenditure of US$1.5m. An additional
24 per cent. interest can be earned through expenditure of an additional
US$1.5m in the following 12 months.

Ashanti continues its soil sample programme to test for gold anomalies along
the 10km of known conglomerate outcropping within the 29.6 km(2) licence area.
 Further announcements will be made in due course.

 ** ENDS **

For further information visit www.goldplat.com, follow on Twitter @GoldPlatPlc
or contact:

 Gerard Kisbey-Green                       Goldplat plc (CEO)                         Tel: +27 (71) 8915775      
 Colin Aaronson / Jen Clarke/ Daniel Bush  Grant Thornton UK LLP (Nominated Adviser)  Tel: +44 (0) 20 7383 5100  
 Andrew Raca / Justin McKeegan             VSA Capital Limited (Broker)               Tel: +44 (0) 20 3005 5000  
 Charlotte Page / Susie Geliher            St Brides Partners Ltd (Financial PR)      Tel: +44 (0) 20 7236 1177  

About
Goldplat                                                                                               

Goldplat plc is an AIM quoted gold producer with two market leading recovery
operations in South Africa and Ghana and an operational gold mine in
Kenya.   The Company produced 42,857 ounces of gold during FY 2017, with
40,285 gold equivalent ounces sold and transferred, resulting in an operating
profit from continuing operations of £2.9m for the year.  This result does
not benefit from the increased processing capacity that was achieved at the
Kilimapesa Gold Mine towards the end of FY 2017, with operational
profitability achieved during last two months of FY 2017.  Accordingly, the
Company believes it is well placed to build upon production and profitability
during FY 2018.

The Company's strategy is focussed on utilising cash flow generated from its
flagship gold recovery and mining operations to self-fund the sustainable
growth and expansion of its niche gold recovery business model
internationally. The Company is also committed to increasing its primary
mining production output through acquisition / gaining interests in producing
or near-production assets, preferably in Africa.  Goldplat retains exposure
to a small exploration project in Ghana, in which Ashanti Gold Corp. is
earning an interest via an earn-in option agreement.

About Ashanti
Further information about Ashanti may be found at its website,
 https://ashantigoldcorp.com/.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Goldplat plc via Globenewswire