Half-Yearly Report ended 31 December 2011

Greatland Gold plc (“Greatland” or the “Company”), the AIM-listed and London based gold exploration and development company focused on gold projects in Tasmania and Western Australia announces today its half-yearly report for the six months ended 31 December 2011.

Highlights

Ernest Giles Project (gold), Central Western Australia

  • Improved understanding of mineralised greenstone belt at project
  • Large, strategic landholding (+900sq kms)
  • Encouraging first phase exploration in a historic gold region
  • 2012 programme – drilling commencing on a number of targets throughout the licences
  • Ernest Giles will be our highest priority project for 2012

Firetower Project (gold), Northern Tasmania

  • Farm in agreement with Unity Mining Limited signed in October 2011
  • Unity to spend A$7.0m to earn 75%
  • Drilling programme in 2012 planned with a view to increasing the existing 90,000 oz inferred gold resource

Warrentinna Project (gold), North Eastern Tasmania

  • Reverse  Circulation drilling programme completed at the  Derby North  prospect in 2011
    – Single metre mineralised intercepts at 10.64g/t gold
    – Further drilling planned in 2012
  • Discussions underway with regard to third party investment in the Warrentinna gold project that may culminate in a farm in / JV deal for the project

Other Projects (gold and nickel)
These licences are prospective for gold and nickel and are near to operating gold and nickel mines

  • Bromus project, Western Australia
    – Highly prospective  area in the Southern  Yilgarn near Norseman
    – Maiden auger geochemical soil sampling program at the  project
    – Anticipated 2012 drilling programme focused on drill target definition
  • Lackman Rock, Western Australia
    – Auger geochemical soil sampling programme at the  project to better define elevated gold  and nickel values
  • Lisle Project, North-East Tasmania
    – surface sampling and mapping conducted
    –  22 holes drilled for 479m during 2011

Callum Baxter, CEO of Greatland Gold, commented:
“2011 saw significant progress for the Company from both an operational and corporate viewpoint.  The work done throughout the year will allow us to commence drilling programmes in 2012 at our priority projects, in particular the Ernest Giles Project, in order to establish both initial and improved resources across the assets. Securing the farm in agreement with Unity Mining at our Firetower Project and entering into discussions regarding proposed third party investment at Warrentinna will provide additional expertise and capital for the Company.  We will continue to build on the progress made at our other licence areas and look forward to keeping shareholders updated as the year progresses.”

Enquiries:

Greatland Gold plc
Callum Baxter
Tel +44 (0)20 7099 5845

Grant Thornton Corporate Finance
Gerry Beaney / Colin Aaronson
Tel +44 (0)20 7383 5100

NewgateThreadneedle
Graham Herring/Beth Harris
Tel +44 (0)20 7653 9850

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