RNS Number:7051M
Gippsland Limited
27 November 2006

27 November 2006

Gippsland Limited ("Gippsland" or the "Company")

APPT PROJECT FINANCE ADVISOR

The Directors of Gippsland (ASX & AIM: "GIP") 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
jtelford@gippslandltd.com

Laurence Read / Ed Portman
Conduit PR
Tel: +44 (0)20 7429 6605 / 6607
laurence@conduitpr.com
ed@conduitpr.com

Les Polden / Luke Cairns
Hoodless Brennan Plc
Tel: +44 (0)20 7538 1166
L.Polden@HBcorporate.com
L.Cairns@HBcorporate.com





                      This information is provided by RNS
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