RNS Number:0957T
Gympie Gold Limited
10 December 2003

                                ASX Announcement

                                10 December 2003

                 Convertible Notes - Quarterly Interest Payment

The next quarterly interest payment on Gympie Gold Limited's $40 million
Convertible Note issue is due to be paid to noteholders on 31 December 2003.
Details pertaining to this payment are as follows:

Ex-entitlement Date

The Notes will trade "ex-entitlement" on the ASX to this interest payment from
17 December 2003.

Record Date

Interest will be paid to Noteholders on the register at the close of business on
23 December 2003.

Interest per Note

Noteholders receive quarterly interest payments at a fixed rate of 8.5% per
annum on the $1.00 Issue Price. Interest for the December quarter will be 2.1425
cents per note.



The Convertible Notes trade on the ASX (code GYMG) and AIM (code GGDA) markets.

Gympie Gold is an Australian exploration, production and marketing company which
mines and markets gold from the historic Gympie Goldfield in southeast
Queensland and high-quality coking coal from the Hunter Valley in New South
Wales.

                        For Further Information Contact:

 Harry Adams, Managing Director 02 9251 2777 or international +61  2 9251 2777


Electronic copies of this report are available on website www.gympiegold.com.au

       Requests to be placed on email circulation list can be emailed to
                             info@gympiegold.com.au


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