STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2010

Oct 14, 2010

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Friday 15 O ctober 201 0

CORPORATE ADVISOR APPOINTED

Gippsland Limited [A S X: 'GIP'; F R A: 'GIX'] (' G ippsland' o r the 'Co m pany') adv i ses that the Compan y has appoi n ted risk a nd financi a l advisors , Noah's Rule, to assist in fund raising a n d financia l structurin g in regard t o the dev e lopment o f the Comp a ny's flags h ip project, the 44.5 million tonn e Abu Dabb a b Tantalu m Tin Felds p ar Project, which has the potent i al to be th e world's largest singl e source of t he highly s t rategic su p ermetal tantalum.

The Noah's Rule tea m of banki n g, treasur y and indus t ry trained profession a ls, which h as worke d with a broad range o f highly successful res o urce com p anies both within Au s tralia and o verseas, i s well place d to provide advice in regard to t he detaile d tantalum offtake ne g otiations p resently i n progress w ith HC Sta r ck GmbH.

Gippsland's Chief Ex e cutive Offi c er, Jack T e lford said: "We are i m pressed w ith the cr e dentials o f the Noah' s Rule tea m which is well place d to provi d e guidanc e in regard to long‐te r m produc t offtake, the securing of development capit a l required for the Ab u Dabbab P roject and the overal l advancem e nt of the C ompany."

For further information, please contact:

Jack Telfo r d

Director ‐ C hief Executive Office r Gippsland Limited T: +61 8 9340 6000 E: rjtelford@bigpo n d.com

1 ASX 101015 Cor p orate Advisor A p pointed