STREAMPLAY STUDIO LIMITED — Share Issue/Capital Change 2009

Aug 30, 2009

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity GIPPSLAND LIMITED ABN

31 004 766 376

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to be Fully paid ordinary shares. issued

• 2 Number of[+] securities issued or to be 121,029,937 ordinary shares (137,029,937 ordinary issued (if known) or maximum number shares assuming all existing options are exercised). which may be issued

• 3 Principal terms of the[+] securities (eg, if Fully paid ordinary shares pursuant to a Rights Issue to options, exercise price and expiry date; shareholders. if partly paid[+] securities, the amount outstanding and due dates for payment; if[+] convertible securities, the conversion price and dates for conversion)

• See chapter 19 for defined terms.

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4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted+securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering +securities into uncertificated holdings or despatch of certificates 8 Number and+class of all+securities quoted on ASX (_including_the securities in clause 2 if applicable)	The new shares will rank equally with existing fully paid ordinary shares.	The new shares will rank equally with existing fully paid ordinary shares.
	$0.032 per new share.
	The purpose of the Rights Issue is, after meeting the expenses of the Rights Issue, to raise funds for the Company’s Abu Dabbab tantalum/tin project in Egypt, specifically to complete the final bankable feasibility study, the costs of due diligence related to financing, working capital and business development, exploration of existing projects and repayment of Directors' loans to the Company.
	Despatch date of the uncertificated holdings will be on or about 7 October 2009.
	Number	~~+~~Class
	544,634,716	Fully paid ordinary shares assuming no existing options are exercised.

• See chapter 19 for defined terms.

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9 Number and+class of all+securities not quoted on ASX (_including_the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	25,000,000 4,000,000 17,000,000 10,000,000	Options (exercisable at 13.5 cents each on or before 26/05/12). Options (exercisable at £0.07 each on or before 15/12/11). Options (exercisable at $0.15 each on or before 31/05/12). Options (exercisable at $0.087 each on or before 14/12/11).
	The Company currently has no dividend policy.

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations	No.
	Renounceable.
	Two new shares for every seven ordinary shares held on the record date.
	Fully paid ordinary shares.
	8 September 2009.
	N/A.
	Rounded up to nearest whole number.
	UAE, Belgium, Bahrain, Canada, Switzerland, France, Guatemala, Hong Kong, Indonesia, Ireland, Isle of Man, Japan, Jordan, Kenya, Kuwait, Papua New Guinea, Portugal, Thailand, USA.
	28 September 2009.

• See chapter 19 for defined terms.

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20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on+security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell_part_of their entitlements through a broker and accept for the balance? 32 How do+security holders dispose of	Gandel Metals Pty Ltd as trustee for the Gandel Metals Trust.
	4% of the total amount to be raised under the Rights Issue, being approximately $154,918. Further, the Company must reimburse the Underwriter for all out of pocket expenses and disbursements incurred by the Underwriter in connection with the Rights Issue.
	N/A.
	N/A.
	N/A.
	N/A.
	14 September 2009.
	On 28 August 2009, the Company will send a notice to all holders of options to notify them of their right to participate in the Rights Issue upon exercise of their options.
	2 September 2009.
	21 September 2009.
	By following the instructions set out on the reverse of the Entitlement and Acceptance Form under the section marked "Sale of your Entitlement by your stockbroker in fullor inpart"andliaisingwithyourbroker.
	By following the instructions set out on the reverse of the Entitlement and Acceptance Form under the section marked "Sale of your Entitlement by your stockbroker in fullor inpart"andliaisingwithyourbroker.
	Standard Renunciation Form, Entitlement and

• See chapter 19 for defined terms.

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their entitlements (except by sale Acceptance Form and transferee's cheque returned to through a broker)? the Company's share registry. 33 +Despatch date 7 October 2009.

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one ) (a)[Securities described in Part 1 ]

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional[+] securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

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Entities that have ticked box 34(b)

38	Number of securities for which
	+quotation is sought
39	Class of+securities for which quotation
	is sought
40	Do the+securities rank equally in all
	respects from the date of allotment with
	an existing+class of quoted+securities?
	If the additional securities do not rank
	equally, please state:
	• the date from which they do
	• the extent to which they participate
	for the next dividend, (in the case of
	a trust, distribution) or interest
	payment
	• the extent to which they do not rank
	equally, other than in relation to the
	next dividend, distribution or interest
	payment
41	Reason for request for quotation now
	Example: In the case of restricted securities, end of
	restriction period
	(if issued upon conversion of another
	security, clearly identify that other
	security)

42 Number and+class of all+securities quoted on ASX (_including_the securities in clause 38)	Number	+Class

• See chapter 19 for defined terms.

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Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that noone has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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Sign here:

• Date: 28 August 2009 Director

Print name: ROBERT JOHN (JACK) TELFORD

• See chapter 19 for defined terms.

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