GIP Gippsland

RNS Number:2291K
Gippsland Limited
19 December 2007

19 December 2007

                   SEYMOUR PIERCE APPOINTED NOMAD & CO-BROKER

Egypt focused tantalum developer Gippsland Limited ("Gippsland" or the
"Company") (ASX, AIM, Plus & FRA: "GIP") today announces the appointment of
London-based Seymour Pierce Limited ("Seymour Pierce") as nominated advisor
(Nomad) to the Company as from 1 January 2008.

Gippsland also announces the appointment of Seymour Pierce as a co-broker to the
Company effective as from 1 January 2008 replacing Hoodless Brennan PLC.

Gippsland Executive Chairman Jack Telford said the move was part of the
evolution of the Company, as it continued to progress its 40 million tonne Abu
Dabbab tantalum project towards production.

"The appointment of Seymour Pierce and recently appointed co-broker Fox-Davies
Capital will provide Gippsland with excellent retail and institutional investor
coverage as the Company becomes a critical link in the global tantalum supply
chain" Mr Telford said.

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
E: jtelford@gippslandltd.com
------------------------------

David Newton, Director Corporate Finance Richard Hail, Head of Corporate Finance
Seymour Pierce Limited                   Fox-Davies Capital
T: +44 (0)20 7107 8000                   T: +44 (0)20 7936 5200
E: davidnewton@seymourpierce.com         E: richard.hail@fdcap.com
-----------------------------------      ---------------------------

Jane Stacy / Ed Portman                  Warrick Hazeldine
Investor Relations                       Investor Relations
T: +44 (0)20 7429 6605 / 6607            T: +61 (0)8 9485 1254
E: jane@conduitpr.com                    M: +61 (0)417 944 616
-----------------------
E: ed@conduitpr.com                      E: whazeldine@purplecom.com.au
---------------------                    ---------------------------------

ABOUT GIPPSLAND LIMITED

Gippsland is an Australian based company listed on the Australian Stock Exchange
and the London Stock Exchange AIM, the PLUS Markets (UK) platform, under the
code of "GIP". The Company recently commenced trading on the Frankfurt Stock
Exchange (Deutsche-Borse) under the code of "GIP".

Gippsland owns 50% of the 40 million tonne Abu Dabbab and the nearby 98 million
tonne Nuweibi tantalum deposits via an equal joint venture with the Egyptian
Government. Gippsland maintains board and management control of the joint
venture company Tantalum Egypt JSC for the life of the project. The project will
operate in its own Egyptian Free Trade Zone which will provide numerous benefits
including relief from taxation, royalties, customs import duties and export/
import licensing.

Gippsland has completed a definitive Abu Dabbab feasibility study based on an
initial mill-feed rate of 2 million tonnes per annum producing approximately
650,000 pounds of tantalum pentoxide (Ta2O5) per annum.

All Abu Dabbab permitting has been finalised while all required environmental
studies have been completed to World Bank standards.

Abu Dabbab is expected to have a mine life of 20 years with the nearby 98
million tonne Nuweibi deposit providing an opportunity to greatly extend this
mine-life and increase the rate of production.

During November 2007, Gippsland announced a 6 million pound tantalum offtake
agreement with the German major HC Starck GmbH, for the supply of 600,000 pounds
of tantalum pentoxide per year for a period of 10 years.

The Company is presently at an advanced stage of negotiation with a number of
leading German banks and financial institutions to secure project finance for
the 40 million tonne Abu Dabbab tantalum project.

ABOUT SEYMOUR PIERCE LIMITED

Seymour Pierce is a leading London based investment bank and stockbroker focused
on advising companies and raising finance.

Seymour Pierce, which has a long-standing track record and a proven ability to
raise finance in both public markets and via private equity, has a strong focus
on AIM, advising growing companies across a range of sectors, both in the UK and
internationally.

In a fundraising capacity, Seymour Pierce's relationship with the institutional
investors, both in the UK and increasingly internationally, coupled with solid
investment strategies, will facilitate the raising of project capital in a
competitive market.











                      This information is provided by RNS
            The company news service from the London Stock Exchange

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