PlatSearch is pleased to advise that Western Plains Gold Ltd (ASX Code: WPG) intends to enter the iron ore industry by the acquisition of certain mining tenements in South Australia. A copy of an announcement by WPG regarding this acquisition is attached.

The acquisition is subject to the approval by WPG shareholders at a general meeting to be convened for a date to be fixed in October 2006.  PlatSearch holds a 24.8% shareholding in WPG and intends to vote in favour of the acquisition.

Company Secretary

Please direct any questions to Robert Waring on (02) 9906 5220 or 0418 440 838.

To view Western Plains Gold Announcement - click on button below