Southland Colliery Update and Roadshow Presentation

At Gympie Gold's 90%-owned Southland Colliery, the upgraded longwall unit has now been successfully commissioned and productivity has exceeded expectations since mining of longwall panel SL4 commenced in late October 2003.

Attached is a presentation to investors in the United Kingdom and Australia as part of a roadshow this week.

Gympie Gold is dual-listed on ASX (Code "GYM") and AIM (Code "GGD") and is an Australian mining exploration, production and marketing company with two core businesses: coking coal and gold.