Greatland Resources Regulatory News (GGP)

27 July 2018

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Greatland Gold plc

("Greatland" or "the Company")

Issue of Equity

Greatland raises £2.65 million in strategic financing, funds to be used to accelerate exploration at Havieron and Black Hills prospects in the Paterson region

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development business, is pleased to announce that the Company has raised £2,650,000 through a placing and subscription of new ordinary shares in the Company.

Highlights:

· Placing and subscription of 212,000,000 new ordinary shares of 0.1 pence each ("Ordinary Shares") in the capital of Greatland at a placing price of 1.25p per Ordinary Share, raising gross proceeds of £2,650,000;

· Issue of 212,000,000 warrants to subscribe for 212,000,000 new Ordinary Shares in Greatland at an exercise price of 2.0p per warrant, within a 12 month exercise period;

· The net proceeds of the placing and subscription will be used to accelerate exploration activity at Greatland's 100% owned Havieron and Black Hills targets and across other targets within the Paterson region;

· The funds raised increase the Company's cash balance to approximately £6 million (or in excess of $10 million Australian Dollars).

Gervaise Heddle, Chief Executive Officer, commented: "The funds raised will strengthen our capacity to accelerate exploration at both the Havieron and Black Hills targets following our excellent exploration results in recent months.

"We are delighted to get new investment into the Company and I would like to thank our new and existing shareholders for their support. It has been a fruitful year to date for Greatland and the additional funds raised will allow us to devote more resources to the Paterson region whilst continuing with our planned work at our other projects. We look forward to updating the market on our progress."

Placing and Subscription summary

Greatland has agreed a placing and subscription to raise £2,650,000 of gross proceeds through the issue of 212,000,000 Ordinary Shares at price per share of 1.25p (the "Placing Shares").

Each Placing Share issued has an accompanying unlisted and non-transferrable warrant to subscribe for an additional Greatland new ordinary share at a price of 2.0p at any time within the 12 months following admission to trading of the Placing Shares (representing the issue of a total of 212,000,000 warrants). Each warrant will include an accelerated exercise condition ("Accelerator") such that in the event the that the Company's volume weighted average share price exceeds 3.0p for a period of five consecutive trading days the Company shall have the right, but not the obligation, to give holders of the warrants 7 calendar days' notice that the warrants must be exercised within a further 14 calendar days, following which they will otherwise expire. Should all of these warrants be exercised, a further £4,240,000 will be raised for the Company at a price of 2.0p.

The 212,000,000 Placing Shares are expected to be admitted to trading on, or around, 10 August 2018. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Greatland following the issue and allotment of the Placing Shares comprises 3,214,256,509 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury. This total figure of 3,214,256,509 may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in Greatland under the DTRs.

Enquiries:

Greatland Gold PLC

Gervaise Heddle/Callum Baxter

Tel: +44 (0)20 3709 4900

Email: info@greatlandgold.com

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady /Andrew Emmott/James Keeshan

Tel: +44 (0)20 3368 3550

SI Capital Limited (Broker)

Nick Emerson/Alan Gunn

Tel: +44 (0)14 8341 3500

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Ana Ribeiro/Alexis Gore

Tel: +44 (0)20 7618 9100

Notes for Editors:

Greatland Gold plc (AIM: GGP) is a London listed natural resource exploration and development company with a current focus on gold, nickel and cobalt exploration projects.

The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.