Gladstone Pacific Nickel Limited ("Gladstone" or "the Company") (ACN 104 261 887) - Appointment of General Manager Beijing

    GLADSTONE, QUEENSLAND, Dec. 20 /CNW/ - Effective 1st January 2008 Mr Wang
Gongping, "Gordon" will be appointed as the General Manager for Gladstone in
    Gordon has a strong economics and business background and trained at the
Beijing Foreign Trade Economic Management Institute.
    He was Deputy Director of China National Nonferrous Metal Import & Export
Group ("CNIEC") a subsidiary of China National Metals Industry Holding
Corporation ("CNNC"). Gordon was instrumental in setting up 80 branches with
2,000 employees in China and 36 subsidiaries around the world.
    He has worked in the USA as the Chairman and CEO of Jia Hua International
Corporation (a wholly owned subsidiary of CNIEC) and President of Silver Palm
Investment Inc (a Joint Venture with CNNC).
    Gordon will be responsible for ensuring Gladstone's activities in China
are coordinated so that management initiatives are implemented in a timely and
effective manner. Managing the critical linkages and business relationships
for Gladstone in China will require Gordon to have a detailed understanding of
the Gladstone Nickel HPAL Project. During February 2008 he will spend
considerable time at the Company's corporate office and project sites at
Gladstone, Marlborough and New Caledonia.
    The CEO of Gladstone, John Downie said, "Gladstone is very fortunate to
have attracted such a highly regarded senior manager for Beijing. Having
Gordon's extensive nonferrous metals experience on the team in China will
ensure we move to finalising the project funding and turnkey engineering
commitments in the shortest possible time."

    Gordon's contact details are as follows:
    Mobile phone: + 86 135 225 43692
    Home Phone: + 86 10 6304 0250

    Note to Editors:

    Gladstone Pacific Nickel Limited (GPNL) is an Australian mining
development company presently progressing towards funding and construction of
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.


    This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this news release, other than
statements of historical facts, that address future exploration drilling,
exploration activities and events or developments that the Company expects,
are forward looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include metal prices,
exploration success, continued availability of capital and financing, and
general economic, market or business conditions.

For further information:

For further information: Professor Clive F Palmer, Chairman, Gladstone
Pacific Nickel Limited: Tel: + 61 409 044 489; Peter Ward, 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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