STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2007

Sep 3, 2007

4 September 2007

Gippsland expands share trading to UK PLUS Markets

Gippsland Limited (ASX & AIM: "GIP") is pleased to announce its shares have commenced trading today on the United Kingdom Plus Markets, trading under the symbol "GIP".

Plus Markets is an independent London-based equity market service, provided by Plus Markets Group PLC, which was recently approved as a Recognised Investment Exchange.

Plus Markets is based on a quote-driven trading system and currently trades more than 1,000 small and mid-cap company shares, representing a combined market capitalisation of approximately UK £200 billion (A$490 billion).

Gippsland Executive Chairman Jack Telford said "Trading on Plus Markets benefits all Gippsland shareholders by enhancing investor choice, improving liquidity and providing greater access to investors".

"Gippsland's projects and markets are well understood by European investors, and our admission to Plus Markets provides another avenue for these investors to share in the Company's development" Mr Telford said.

Gippsland ordinary shares will continue to be quoted and traded on the Australian Stock Exchange and the London Stock Exchange AIM.

RJ (Jack) Telford Executive Chairman Gippsland Limited www.gippslandltd.com

For further information please contact:

Jack Telford	Gippsland Limited	T: +61 (0)8 9340 6000
Luke Cairns	Hoodless Brennan Plc	T: +44 (0)20 7538 1166
Les Polden	Hoodless Brennan Plc	T: +44 (0)20 7538 1166
Jane Stacey	Conduit PR	T: +44 (0)20 7429 6605
Ed Portman	Conduit PR	T: +44 (0)20 7429 6607
Fiona Owen	Grant Thornton Corporate Finance	T: +44 (0)20 7383 5100
Warrick Hazeldine	Purple Communications	T: +61 (0)8 9485 1254
		M: +61 (0)417 944 616

About Gippsland Limited

Gippsland Limited is an Australian-based international resource company. It is listed on the Australian Stock Exchange (ASX) and the London Stock Exchange's Alternative Investment Market (AIM).

The Company's prime assets are tantalum-tin projects in the Central Eastern Desert of Egypt adjacent to the western shore of the Red Sea. These include the 40 million tonne Abu Dabbab and the 98 million tonne Nuweibi projects. The Company has completed a feasibility study of the Abu Dabbab project based upon a mill-feed rate of 2Mtpa and production exceeding 650,000 pounds of tantalum pentoxide (Ta2O5) per annum which will rank the Company as the world's second largest producer. Gippsland is presently finalising off-take and project finance facilities.

Tantalum

Approximately 60% of global tantalum production is used in the manufacture of electronic capacitors for electronic circuits in cellular phones, laptop computers, video cameras, digital still cameras, Playstation, medical appliances such as hearing aids, pacemakers, GPS, ABS systems in automobiles, also in airbag protection systems, ignition and motor control modules,.

Tantalum is a refractory metal that is resistant to chemical attack, with a high melting point, ductility and malleability. Because of the metal's resistance to corrosion it is used in the fabrication of chemical plant and equipment. Its high melting point and low thermal coefficient of expansion make it a crucial component of jet engine turbine blades. As tantalum carbide, one of the hardest substances known to man, it is also used for cutting tools.

The global tantalum (as Ta2O5) market is estimated to be in the order of 4.7 – 5.1 million pounds (approx. 2,200 tonnes) per annum for the years 2005 - 2006. Industry commentators suggest that the market is growing at a rate of about 7% per annum with current spot market prices approaching US$50 per pound of Ta2O5.

For further information visit: www.gippslandltd.com