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3 November 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Greatland Gold plc

("Greatland" or "the Company")

Havieron lookalike targets identified in new Canning and Paterson South tenements

Two key targets with coincident bullseye magnetic and gravity features have been identified

Greatland will now prioritise these targets for follow-up exploration activity

Greatland Gold plc (AIM:GGP), a leading mining development and exploration company with a focus on precious and base metals, is pleased to announce it has identified two priority targets that are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit.

These targets are situated within 100% owned areas being the Canning application and the adjacent recently acquired Paterson South tenement as announced to the market on 16 September 2021.

Highlights:

§ The Paterson South Target One comprises a strong gravity and near coincident magnetic anomaly

§ The Canning application Target Two comprises a strong coincident gravity and magnetic anomaly

§ Both targets are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit, and follow-up exploration is warranted

§ Next steps are to confirm the historical gravity data and remodel the gravity and magnetic data, with the aim of targeting drill holes for one or both targets

Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "These targets, which have never been drilled, are exciting opportunities situated within our expanded holdings in the Paterson district. Both show strong magnetic and gravity anomalies, with characteristics analogous to the magnetic and gravity signature developed over Havieron.

As with Havieron, the new targets sit under cover and remain untested, which allows Greatland to apply our proven record of discovery and exploration success to identify prospective Telfer, Winu and Havieron style mineralisation.  We consider these bullseye targets significant and exciting additions to our growth portfolio as we seek to discover further tier-one gold-copper deposits in the Paterson province." 

Enquiries:

Further Information on the Gravity and Magnetic Targets:

Exploration licence applications E45/5755 (Paterson South A) and E45/5862 (Canning) each contain a strong bullseye magnetic anomaly, named Target One and Target Two respectively. These targets are potentially analogous to the magnetic anomaly associated with the Havieron gold- copper deposit.

Target One comprises a 0.1-0.15 milligal gravity anomaly elongate in a NNE direction, with a partly coincident 1000nT magnetic anomaly located over the southern end of the gravity anomaly. Modelling of the data suggests the source of the gravity anomaly is located between 400-700m deep, with a strike of 800m, width 500m and thickness of around 300m, with a density around 0.05g/cc above background. By contrast the depth to top of the magnetic anomaly is around 535m, only slightly deeper than the gravity source.

Target Two comprises a 0.5 milligal gravity anomaly covering an area of approximately 3km x 1.5km, coincident with a 1300nT aeromagnetic anomaly. Modelling of the data suggests source of the gravity anomaly is located 800-1200m deep, with a strike of 1500m, width 750m and thickness of around 400m, with a density around 0.05g/cc above background. The spatially coincident magnetic anomaly is around 1250m deep, i.e., situated below the corresponding gravity anomaly. 

Both targets warrant further assessment, with Greatland looking to confirm the historical gravity data and remodel both the gravity and magnetic data, looking to target drill holes into either at least one target, or potentially both.

A regional map showing the Canning and Paterson South licence areas with detailed plans showing the magnetic and gravity targets can be found at: www.greatlandgold.com/paterson/

Competent Person:

Information in this announcement pertaining to Reporting of Exploration Results have been reviewed and approved by Mr John McIntyre, a Member of the Australian Institute of Geoscientists (MAIG), who has more than 30 years relevant industry experience. Mr McIntyre is an employee of the Company and has no financial interest in Greatland Gold plc or its related entities. Mr McIntyre has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies, which outline standards of disclosure for mineral projects. Mr McIntyre consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Mr McIntyre confirms that the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that the form and context in which the information has been presented has not been materially modified.

Additional information on the project can be found on the Company's website at www.greatlandgold.com/paterson/ 

In addition to this release, a PDF version of this report with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc 

Notes for Editors:

Greatland Gold plc (AIM:GGP) is a leading mining development and exploration company with a focus on precious and base metals. The Company's flagship asset is the world-class Havieron gold-copper deposit in the Paterson region of Western Australia, discovered by Greatland and presently under development in Joint Venture with Newcrest Mining Ltd.

Havieron is located approximately 45km east of Newcrest's Telfer gold mine and, subject to positive decision to mine, will leverage the existing infrastructure and processing plant to significantly reduce the project's capital expenditure and carbon impact for a low-cost pathway to development. An extensive growth drilling programme is presently underway at Havieron with a maiden Pre-Feasibility Study released on the South-East crescent on 12 October 2021. Construction of the box cut and decline to develop the Havieron deposit commenced in February 2021.

Greatland has a proven track record of discovery and exploration success. It is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. The Company is focused on safe, low-risk jurisdictions and is strategically positioned in the highly prospective Paterson region. Greatland has a total six projects across Australia with a focus on becoming a multi-commodity mining company of significant scale.

APPENDIX I

JORC Table 1

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)