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STREAMPLAY STUDIO LIMITED Capital/Financing Update 2006

Nov 26, 2006

65841_rns_2006-11-26_175f7138-0071-4460-b238-a7c2484fc7de.pdf

Capital/Financing Update

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Suite 34, 18 Stirling Highway, Nedlands WA 6009 PO Box 352, Nedlands WA 6909, Australia ABN 31 004 766 376 Tel: +61 8 9389 8611 Fax: +61 8 9389 8612 E-mail: [email protected] www.gippslanditd.com

27 November 2006

Abu Dabbab Project Finance Advisor Appointed

The Directors of Gippsland Limited ("Gippsland" or "the Company") announce today the appointment of Linden Advisory & Consulting Services as Financial Advisor to assist in the arrangement of project finance for the Company's 40 million tonne Abu Dabbab Tantalum-Tin Project in Egypt.

Linden Advisory & Consulting Services www.eikelinden.com based in Frankfurt Germany, is headed by Dr Eike von der Linden, an internationally recognised authority in regard to industrial and resource projects world-wide. Dr von der Linden has a close working relationship with a number of German banks involved in the financing of natural resource projects.

Linden Advisory & Consulting Services is presently completing a technical and financial review of the Abu Dabbab feasibility study and is preparing an Information Memorandum for presentation to potential investors and a select number of banks.

RJ (Jack) Telford Executive Chairman

For further information please contact:

Jack Telford Gippsland Limited www.gippslandltd.com Tel: +61 (0)8 93898611 [email protected]

Laurence Read / Ed Portman Conduit PR Tel: +44 (0)20 7429 6605 / 6607 [email protected] [email protected]

Les Polden / Luke Cairns Hoodless Brennan Plc Tel: +44 (0)20 7538 1166 [email protected] [email protected]