Directorate Change

    Gold Frost ("Gold Frost" or the "Company")                   

                              Directorate Change                               

Today, the Company announces that Albert Israeli, finance director of the
Company, has stepped down from his duties, with immediate effect, due to health
issues and has been replaced by Menahem Chen Shlein, aged 40. Prior to joining
Gold Frost Mr Shlein served as the chief financial officer of Programa
Logistics System Ltd, an international consultancy provider specializing in
supply chain management, logistics and material handling systems. Before this
Mr Shlein was the executive controller for Emblaze Systems Ltd, a publicly
traded company on the Official List of the London Stock Exchange. Mr Shlein
received his bachelor of arts degree in economics and accounting from Tel Aviv
University and a masters degree in management from Baruch University. Mr Shlein
is a certified public accountant.

"We are disappointed that health circumstances have prevented Albert from
performing his duties and wish him well," stated the Company's management. "We
are pleased, however, to work with Mr Shlein to execute our strategy going
forward."

There is no further information required to be disclosed under paragraph (g) of
Schedule 2 of the AIM Rules.

Enquiries:

Gold Frost Ltd, Zwi Williger, Chief Executive Officer, [phone]

Corporate Synergy Plc, David Seal/Rhod Cruwys, 020 7448 4400



END