Lachlan Star Limited — AGM Information 2003

Nov 6, 2003

ABN 88 000 759 535 LEVEL 9 GOLD FIELDS HOUSE 1 ALFRED STREET SYDNEY NSW 2000 AUSTRALIA Phone: 02 9251 2777 Facsimile: 02 9251 2666 Email: info@gympicgold.com.au Website: www.gympicgold.com.au

7 November 2003

Dear Shareholder.

Amendments to Notice of 2003 Annual General Meeting of Gympie Gold Limited ('the Company')

The Company has inadvertently omitted from Resolution 2 of its Notice of 2003 Annual General Meeting dated 13 October 2003 a proposed resolution to re-elect Peter Cadwallader, and wishes to advise an amendment to Resolution 2 that will now be as follows:

'Resolution 2 - Election of Directors

To consider and if thought fit, to pass the following resolution as an ordinary resolution: $2.1$

THAT Roy Woodall, having retired as a director by rotation in accordance with clause 58 of the Constitution, and being eligible, be re-elected as a director.'

$2.2$ To consider and if thought fit, to pass the following resolution as an ordinary resolution:

THAT Peter Cadwallader, having retired as a director by rotation in accordance with clause 58 of the Constitution, and being eligible, be re-elected as a director."

The Explanatory Statement for Resolution 2 will now be as follows:

Resolution 2 - Election of directors

'ASX listing rule 14.4 and clause 58.3 of the Company's constitution provides that a director must not hold office (without re-election) past the third Annual General Meeting following the director's appointment or three years, whichever is the longer. This rule does not apply to the managing director. Clause 58.4 of the Company's constitution provides that a retiring director will be eligible for re-election. Accordingly:

• $(a)$ Rov Woodall: and
• $(b)$ Peter Cadwallader,

being directors re-elected at the Company's 2000 Annual General Meeting retire by rotation and seek re-election as directors. Roy Woodall's and Peter Cadwallader's details are set out in the 2003 Annual Report.

The Chairman will also make an announcement of this amendment at the Annual General Meeting.

A new proxy form is enclosed. The new proxy form enables you to vote by proxy on the additional resolution 2.2. If you wish to vote by proxy on the additional resolution 2.2, you should complete and lodge the enclosed proxy form. If you have already lodged a proxy form, that form will remain valid unless you lodge another proxy form, in which case the form that you lodge last will be the one that the Company will recognise.

Yours faithfully GYMPIE GOLD LIMITED

A. Adaley

ANNE ADALEY Company Secretary

2003 ANNUAL GENERAL MEETING PROXY FORM

The Secretary, Gympie Gold Limited Level 9, Gold Fields House 1 Alfred Street Sydney NSW 2000 AUSTRALIA Facsimile (+61) 2 9251 2666

I/We
	(please print)
оf
	(please print)
	being a Member(s) of Gympie Gold Limited hereby appoint:

I the Chairman of the Meeting (mark with an 'X' in the box)

Name of proxy and the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract

Address of proxy ____________________________________

Or, in his/her absence, or if no person is named, the Chairman of the meeting as mv/our proxy to vote on my/our behalf at the General Meeting of Gympie Gold Limited to be held on 25 November 2003 at 10.30am and at any adjournment of this meeting.

If two proxies are being appointed, complete the following:

This proxy is authorised to exercise ______ votes _____ % of my/our total voting rights.

Proxy instructions

To instruct your proxy how to vote, insert 'X' in the appropriate column against each item of business set out below. If you do not instruct your proxy how to vote on a resolution. your proxy may vote as he/she thinks fit or abstain from voting. If you do not instruct your proxy how to vote on a resolution and your proxy is the Chairman, the Chairman intends to vote in favour of each resolution.

I/We instruct my/our proxy to vote as follows:

	Resolutions	For	Against	Abstain
1.	Financial report, directors' report and audit report
	2.1 Election of director - Roy Woodall
	2.2 Election of director – Peter Cadwallader
	Appointment of auditor - Ernst & Young

This proxy must be signed by each appointing Member or the Member's attorney.

Proxies given by companies must be executed in accordance with section 127 of the Corporations Act 2001 or signed by an authorised officer or attorney.

SIGNATURE(S) OF SHAREHOLDER or in case of a Company: SIGNATURE OF ATTORNEY OR AUTHORISED OFFICER	enames (please print)	OBHGEHER (if signing as an authorised officer of a company)

							COMPANY COMMON SEAL

Dated .............................2003

To be effective, this proxy form and any power of attorney or other authority under which it is signed (or a certified copy) must be received at the registered office of Gympie Gold Limited, Gold Fields House, Level 9, 1 Alfred Street, Sydney NSW 2000 or by facsimile on (+61) 2 9251 2666 at least 48 hours before the meeting.

NOTES:

• $\mathbf{1}$ . A member who is entitled to attend and vote at this meeting is entitled to appoint not more than 2 proxies to attend and vote instead of the member.
• $2.$ Where 2 proxies are appointed:
• a separate proxy form should be used to appoint each proxy: $(a)$
• the proxy form may specify the proportion, or number, of votes that the proxy may $(b)$ exercise, and if it does not do so the proxy may exercise half of the votes.
• 1. A proxy need not be a member of the Company.
• 1. If you require an additional proxy form, the Company will supply it on request.