Grant of Warrants

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Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, is pleased to announce that the Board has formally approved grant of warrants to SI Capital Ltd.

SI Capital, the Company’s sole broker since 2006, has, today, been granted warrants to subscribe for 25 million new ordinary shares in the Company at an exercise price of 0.5p each for a period of two years. The warrants are subject to an accelerator whereby in the event that Greatland shares trade for in excess of a ten day volume weighted average price of 1.5p or more, SI Capital Ltd, following notification by the Company, has 7 days to exercise and a further 14 days to pay, otherwise the warrants will be cancelled.

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