Gladstone Pacific Nickel Limited (ACN 104 261 887) - Annual General Meeting Results



    TORONTO, Nov. 22 /CNW/ - At Gladstone Pacific Nickel's Annual General
Meeting held today, all resolutions put to the meeting of shareholders (as set
out in the Notice of Annual General Meeting and Explanatory Memorandum dated
23 October 2007) were approved, as follows:

    
    - Agenda Item 2    "That James Henderson, a Director retiring in
                       accordance with the Constitution, being eligible, is
                       re-elected as a Director of Gladstone Pacific Nickel
                       Limited."

    - Agenda Item 3    "That, for the purposes of Rule 7(2) of the Company's
                       Constitution and for all other purposes, the issue by
                       the Company of the number of fully paid ordinary
                       shares comprising the Consideration Shares (as that
                       expression is defined in the Explanatory Memorandum
                       that accompanied the notice of this meeting) to the
                       persons comprising the Shareholder Group (as so
                       defined) on the Sale Date (as so defined) and in
                       accordance with the SMGM Agreement (as so defined) is
                       approved"
    

    Note to Editors:
    Gladstone Pacific Nickel Limited (GPNL) is an Australian mining
development company presently undertaking an Integrated Definitive Feasibility
Study (IDFS) for the Gladstone Nickel Project (GNP). The company's vision is
to build a major long-life nickel cobalt refinery at the deepwater Port of
Gladstone, in Central Queensland, Australia, treating abundant high grade
nickel laterite ores from New Caledonia and other south-west Pacific islands,
underpinned by beneficiated ores from its own Marlborough deposits. The
Project has the potential to be one of the largest of its type in the world
producing some 126,000 tpa nickel (8 -10% of global nickel demand) and
10,400 tpa of cobalt metal from its first two stages.





For further information:

For further information: Julien McInally, Company Secretary, Gladstone
Pacific Nickel Ltd: Tel: +61 7 3211 8899; Peter Ward, Joe Lunn, Insinger de
Beaufort: Tel: +44 207 190 7000; Simon Rothschild, Keith Irons, Bankside
Consultants: Tel: +44 207 367 8888

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Gladstone Pacific Nickel Ltd.

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