Rand Refinery Dispute Update

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
11 September 2017
Goldplat plc ('Goldplat' or 'the Company')

Rand Refinery Dispute Update

Further to its announcement of 4 April 2017, Goldplat wishes to announce that it has issued an application out of the High Court of South Africa, Gauteng Local Division, Johannesburg, for the recovery of the fees due, owing and payable by Rand Refinery (Pty) Limited to Goldplat Recovery (Pty) Limited.

Gerard Kisbey-Green, CEO of Goldplat commented: "We are disappointed that we have been unsuccessful in our efforts to resolve this dispute without reverting to legal action, but we remain confident of full recovery of the amounts owed to Goldplat Recovery (Pty) Limited. The Company will keep shareholders informed of progress."

"Notwithstanding this action, the Company reiterates its announcement of 27 July 2017 where we highlighted that Goldplat has traded above market expectations for the year ended 30 June 2017, and accordingly it remains "business as usual" despite this dispute.  The Company will be publishing its annual financial results in September 2017."

** ENDS **

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

Gerard Kisbey-GreenCEO Goldplat plcTel: +27 (71) 8915775
Colin Aaronson / Daniel BushGrant Thornton UK LLP (Nominated Adviser)Tel: +44 (0) 20 7383 5100
Andrew Raca / Justin McKeeganVSA 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

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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Source: Goldplat plc via GlobeNewswire