STREAMPLAY STUDIO LIMITED — Board/Management Information 2014

Mar 23, 2014

24 March 2014

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Corporate & Management Appointments

Gippsland Limited [ASX: GIP, DB: GIX] ("Gippsland" or "the Company”) is pleased to advise the following appointments, effective immediately; Mr Mike Rosenstreich as Managing Director of the Company and Mr Brian Talbot as Development Manager of the Abu Dabbab Project presently based in Egypt. The Board expects these appointments to send a strong signal to all stakeholders of its clear intent to successfully complete a rejuvenated financing and development strategy for the Abu Dabbab Tantalum-Tin-Feldspar project.

Mr Gandel, the Gippsland Chairman, said “There remain significant hurdles ahead of us to achieving that objective but these appointments bring renewed energy, executive leadership and operational skills to the group and I am very pleased that Mike and Brian are prepared to join us and take on this challenge”.

Mr Rosenstreich has provided consulting services to Gippsland since December 2013. These services have been provided through Keystone Resource Development and have focused on business development and strategy with particular emphasis on the financing and development strategy of the Abu Dabbab project.

Mr Brian Talbot has been based in Egypt since September 2013 as Operations Manager of the Alluvial Tin Project, near Abu Dabbab. He has a strong operational background as a metallurgist and operations manager predominantly through Africa.

The Company continues to work through a development and financing strategy centred around a “low-capital” development model utilising contractors and suppliers to undertake activities such as mining, crushing and screening the ore and supplying water, power and other services on a “through the fence” basis”. Lycopodium Minerals Pty Ltd has also recently been engaged to refresh several core aspects of the 2008 Feasibility Study to provide updated operating and capital costs.

During this process and subject to ongoing positive progress in this overall strategy Gandel Metals, a company related to Mr Ian Gandel, has agreed to provide shareholder loans to Gippsland on the basis reported in the Half Yearly Accounts released on 14 March 2014.

Further details for both Mr Rosenstreich and Mr Talbot are appended.

Yours faithfully Gippsland Limited

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Ian Gandel Chairman T: +61 8 9340 6000 E: info@gippslandltd.com

140324 ASX - Managing Director Appointment

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Attachment 1.

Mr. Rosenstreich has a technical background but has worked in corporate finance and management of listed companies over the past 30 years. Mike has a unique combination of technical and commercial skills, including:

• 13 years as an exploration and mine geologist in senior roles;

• 6 years as a resource financier with NM Rothschild & Sons;

• 2 years as a technical consultant with Snowden and independently; and

• 9 years through to 2013 as Managing Director of ASX listed Bass Metals from pre IPO stage through exploration success and culminating in over 5 years of base and precious metals production.

Mr Brian Talbot is a qualified Chemical Engineer from the University of the Witwatersrand with 20 years’ experience in the mining industry. His practical and operational experience includes project management, engineering design and operational management. He has held positions from Project Manager to General Manager Operations.

Of particular relevance is his experience gained in the implementation of projects and the running of operations in Africa over the last 20 years. This includes his role as owner’s team project manager for Impala Platinum limited, where one of his successes was the project management of the feasibility study and then the design, installation and commissioning of a 17 mtpa tailings scavenging flotation plant. Brian then went on to become the Managing Director of Fraser Alexander Mineral Processing Metals division responsible for the operation and capital expansion of multiple mineral processing sites.

The Company provides the following information pursuant to ASX Listing Rule 3.16.4 in regard to Mr Rosenstreich’s appointment:

The CompaRosenstreic	ny provides the following informh’s appointment:	ny provides the following informh’s appointment:	ation pursuant to A	SX Listing Rule 3.16.4 in	regard to Mr
					areholders
Remunera	tion	$17,600per month	(or$211,200pa) plu	s GST
Incentive	Package	An appropriate ince	ntive package will	be agreed and put to sh	areholders
		for approval at the next opportunity.
Review Date		30 June 2014
Time Commitment		80%
Term		Ongoing
Termination		Mutual 2 month written notice obligation to terminate role.

An appendix 3X follows.

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