STREAMPLAY STUDIO LIMITED — Investor Presentation 2009

Nov 11, 2009

12 November 2009

TANTALUM PROJECT CONFERENCE LEAFLET

The Directors of Gippsland Limited [ASX: GIP, DB: GIX] advise that the following leaflet relating to the Company's Abu Dabbab - Nuweibi Tantalum Project will be distributed at upcoming national and international resource industry conferences.

RJ (Jack) Telford Director, Chief Executive Officer

For further information, please contact:

Jack Telford Gippsland Limited Tel: +61 8 9340 6000 Email: jtelford@gippslandltd.com Web: www.gippslandltd.com

Abu Dabbab – Nuweibi Tantalum Project Non-conflict tantalum for several decades

Location:	Red Sea Coast –Egypt
Resources:	Abu Dabbab*44.5 million tonnes -Nuweibi*98 million tonnes -
TotalResource:	142.5 million tonnes*
Ore Reserves:	million tonnes*30.24
Production:	Based upon an initial mill feed of 2 million tonnes per year
	Tantalum (Ta2O5)	650,000 pounds per year	World's largest tantalum miner
	Tinmetal	1,530 tonnesper year	Significant additional revenue
	Feldspar	1.5 million tonnes per year	Significant additional revenue
	Process waste	0.5 million tonnesper year	80% of all ore mined to be sold

Gippsland Limited is an Australian based company listed on the Australian Stock Exchange (ASX: GIP), and also trades of the Frankfurt Deutsche Börse (DB: GIX). Through its subsidiary Tantalum Egypt JSC, it holds a controlling interest in the Abu Dabbab and Nuweibi tantalum-tin-feldspar projects via 30 year Mining Licences which can be extended for a further 30 years.

The 44.5 million tonne Abu Dabbab project is forecast to become the world's largest tantalum mine with an expected mine life in excess of 20 years. The nearby 98 million tonne Nuweibi deposit will extend this project life significantly.

The Abu Dabbab project is exceptional in that approximately 80% of all ore mined is expected to be sold, either in the form of tantalum, tin metal or feldspar. The contribution of by-products to revenue is expected to ensure the project sets a new global standard for low net cash cost of production for its tantalum products. Shipment of the Abu Dabbab tantalum product will not be constrained by IMO Class 7 (Radioactivity) regulations.

Gippsland Directors consider the Abu Dabbab project to be the world's most advanced new tantalum project, which is unique as it has the JORC Code compliant Resource base to sustain long-term, low-cost, non-conflict tantalum production for several decades.

Table 1:Abu Dabbab Mineral Resources (100g/t Ta2O5cut-off)
Category	Million Tonnes	Ta2O5(g/t)	Sn (%)
Measured Resource	15.2	290	0.143%
Indicated Resource	17.3	250	0.078%
Inferred Resource	12	200	0.03%
Total Resource	44.5	250	0.09%
Table 2:Abu Dabbab Ore Reserves(100g/t Ta2O5cut-off)
Category	Million tonnes	Ta2O5(g/t)	Sn (%)
Proved Ore Reserve	15.20	260	0.133
Probable Ore Reserve	15.04	250	0.084
Total Proved & Probable Ore Reserve	30.24	255	0.109
Table 3:Nuweibi Mineral Resources (100g/t Ta2O5cut-off)
Category	Million Tonnes	Ta2O5(g/t)	Nb2O5(g/t)
Indicated Resource	48	147	90
Inferred Resource	50	138	95
Total Resource	98	143	93

* Abu Dabbab & Nuweibi JORC Compliant Mineral Resources and Ore Reserves as at 01-09-2008

NB: Numbers in Tables 1, 2 & 3 may not correlate exactly due to rounding. In accordance with Listing Rule 5.6 of the Australian Stock Exchange Limited, the geological information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on data compiled by Dr John Chisholm, a Fellow of The Australasian Institute of Mining and Metallurgy. Dr Chisholm has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Dr Chisholm consents to the inclusion in the report of the matters based on his information in the form and contest in which it appears.

Typical Mineral Resources Project Development Timetable

Year	Milestone	Abu Dabbab Status	Make your own tantalum projectdevelopment timetable comparison
1	Project acquisition, tenement approvals	Completed
1	Geological studies, mapping	Completed
2	Initial geological exploration	Completed
3	Drilling programme	Completed
3	Inferred Mineral Resources	Completed62.0 Mt
4	Scoping Study	Completed
4	Drilling Programme	Completed
4	Indicated Mineral Resources	Completed65.3 Mt
5	Drilling Programme	Completed
5	Measured Mineral Resources	Completed15.2 Mt
5	Pre-Feasibility Study	Completed
7	Detailed Metallurgical Studies	Completed
8	Definitive Feasibility Study	Completed
8	Proven & Probable Ore Reserves	Completed30.24 Mt
8	Environmental Impact Assessment (EIA)	Completed
9	Project Finance	In progress
9	Detailed engineering design	Scheduled 2010
10	Construction	Scheduled 2010
11	CommissioningScheduled 2012

For further information, please refer to:

Jack Telford		Cellphone: +61 418 911 928
Director, CEO	E-mail:	telford@gippslandltd.com
Gippsland Limited	Website:	www.gippslandltd.com