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Entitlement Date for Priority Shares in D'Aguilar Gold Limited IPO

11 June 2003

Gympie Gold Limited holds a 25% interest in D’Aguilar Gold Limited, a gold exploration company with a focus on the discovery of large, bulk-mineable gold-copper deposits in southeast Queensland. D'Aguilar will soon issue a prospectus to raise $4 million and become listed on the Australian Stock Exchange (ASX).

Gympie Gold Limited holds a 25% interest in D'Aguilar Gold Limited, a gold exploration company with a focus on the discovery of large, bulk-mineable gold-copper deposits in southeast Queensland. D'Aguilar will soon issue a prospectus to raise $4 million and become listed on the Australian Stock Exchange (ASX). D'Aguilar has secured some $2.5 million in underwriting agreements and Gympie expects the issue to be well subscribed.

Gympie Gold has negotiated for its shareholders and noteholders to receive a priority entitlement of five million shares in the D'Aguilar float under the prospectus.

The Entitlement Date for this entitlement in the D'Aguilar Initial Public Offering ('IPO') will be 20 June 2003. Because of the ASX settlement schedules, this means that the last day of trading for this entitlement will be 13 June 2003.

The Prospectus for the D'Aguilar Gold IPO will be mailed to shareholders and noteholders when printed in the near future. A copy can be viewed on the D'Aguilar website www.daguilar.com.au

Recent increases in the gold price and closer insights into the large target style of mineralisation gives D'Aguilar the opportunity to establish itself as the pre-eminent explorer for bulk-mineable gold-copper deposits in southeast Queensland. Gympie believes strongly in the prospectivity of D'Aguilar's large tenement areas.

Large bulk mineable gold-copper discoveries have been made in geologically similar areas in NSW where much more exploration has been done for this type of deposit. We believe that southeast Queensland holds similar potential.

The investment in D'Aguilar is an important part of Gympie Gold's strategy. However, shareholders and noteholders are under no obligation to subscribe to the D'Aguilar float and are advised to read the prospectus and consult a professional adviser if necessary prior to any investment in D'Aguilar.

Any queries can be directed to Mr Nick Mather at D'Aguilar Gold on (07) 3839 5113 or Gympie Gold office on (02) 9251 2777.



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    Last Modified: Wednesday, 11-Jun-2003 15:27:51 EST