greatland gold plc (G8G) Snapshot

Greatland Gold plc announced that it has executed a farm in agreement with Tamar Gold Limited over the company's Lisle Gold project in Tasmania. The farm in agreement will allow Tamar Gold to earn up to 75% of the Lisle Gold project via expenditure of AUD 500,000 over a four year period. The farm in agreement will cover the Lisle Gold project which encompasses the following the company's license interests extending over 72 kilo-meters in Northern Tasmania: Lisle EL40/2008. This agreement is in line with the company's aim to farm out or joint venture license interests, to achieve greater risk and cost sharing in the development of its portfolio of exploration interests. Furthermore, the agreement recognizes the company's expenditure on Lisle up to the joint venture date of approximately AUD 200,000 and introduces extensive local technical expertise. Tamar Gold is to spend a minimum amount of AUD 50,000 within 12 months and has the right to withdraw from the farm in agreement after having spent the minimum amount. Tamar Gold can earn 51% of the Lisle Gold project by spending AUD 300,000 within 36 months.

Greatland Gold plc announced unaudited group earnings result for the six months ended December 31, 2012. For the period, the company reported operating loss of £200,575 against £217,684 a year ago. Loss on ordinary activities before taxation was £199,241 against £216,609 a year ago. Loss for the financial period was £199,241 against £216,609 a year ago. Total comprehensive loss for the year attributable to equity holders of the parent was £208,949 against £246,393 a year ago. Loss per share was 0.06 pence against 0.07 pence a year ago. Net cash outflow from operations was £179,780 against £215,977 a year ago.

Greatland Gold plc announced an update on drilling activities at the Warrentinna gold project ("Warrentinna") in Tasmania. A program of Reverse Circulation ("RC") drilling was completed at the Derby North prospect during December 2012. All RC holes were drilled to a maximum depth of 100m and angled at 60 degrees. Drilling comprised three holes for a total of 300m. Drill hole collar details are presented in Table 1. Initial 4m composite sampling of all drill holes has been completed and results have been received. The maximum result from the programme was 4m at 8.70g/t gold from 72m in hole WTR028. Substantial shallow mineralisation was also intersected in hole WTR028 from 8m below surface of 16m at 3.42g/t, within a larger intercept of 28m at 2.31g/t gold from 8m. All three RC holes intersected gold mineralisation above 0.7g/t gold. As seen in previous drilling at Derby North, gold mineralisation is coincident with quartz vein structures and disseminated sulphides. Drilling to date covers a strike length of 150m and has established a 100m wide, north-south trending, zone of gold mineralisation within which quartz reefs with high grades occur. Single metre re-sampling of mineralised 4m composites will be completed in the coming weeks and results will be reported during the second quarter of this year.