Gladstone Pacific Nickel Limited ("Gladstone" or "the Company") (ACN 104 261 887) - Suspension of Shares from trading on AIM

    GLADSTONE, QUEENSLAND, Jan. 2 /CNW/ - Gladstone notes the announcement
from the London Stock Exchange that the Company's shares have been suspended
from trading on AIM. The situation has followed the decision of the Company's
previous NOMAD, Insinger de Beaufort, to cease to provide NOMAD services to
the Company from 31 December 2007.
    The Company has been in discussion with an alternative NOMAD, which is
currently completing its due diligence on the Company. This is expected to be
complete in mid January 2008.

    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: Julian McInally, Company Secretary - Gladstone
Pacific Nickel Limited: Tel: + 61 7 3211 8899; Simon Rothschild - Bankside
Consultants: Tel: +44 207 367 8888

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Gladstone Pacific Nickel Ltd.

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