Gladstone Pacific Nickel Limited (ACN 104 261 887) Schedule 2 - Appointment
of Acting Managing Director

TORONTO, May 21 /CNW/ - Following the announcement on 18 May 2010 in relation to the appointment of Mr Neil Meadows (47), as acting Managing Director of GPNL, attached is the information required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules in respect of Mr Meadows, aged 47.

    
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    Current directorships                Past directorships or partnerships
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    Gladstone Pacific Nickel Limited     None
    Queensland Nickel Pty Ltd
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Mr Meadows is Chief Operating Officer of and a director of Queensland Nickel Pty Ltd ("QNPL"). QNPL operates the Yabulu Refinery nickel operation in Townsville, Queensland, Australia. He first worked at the Yabulu Refinery operation between 2000 and 2003 in various plant management roles before spending in excess of five years as General Manager and later Projects Director for Minara Resources Ltd's Murrin Murrin nickel operation. Mr Meadows returned to the Yabulu Refinery in September 2008 in the role of General Manager for BHP Billiton. Since the sale of the Yabulu Refinery to Mr Clive Palmer he has accepted the role of Chief Operating Officer.

Gladstone Pacific Nickel Limited is an Australian mining development company presently undertaking an Integrated Definitive Feasibility Study for the Gladstone Nickel Project. 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: or comment: Julien McInally, Gladstone Pacific Nickel Ltd, Tel: [phone]; Gerry Beaney/Robert Beenstock, Grant Thornton Corporate Finance, Tel: [phone]; John Prior, Arbuthnot Securities, Tel: [phone]; Email: [email protected]