FENIX RESOURCES LTD — Board/Management Information 2010

Sep 8, 2010

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ASX/MEDIA RELEASE

9 September 2010

ASX Codes: EMG, EMGO

APPOINTMENT OF DIRECTOR

Emergent Resources Limited is pleased to advise the appointment of Mr Robert Boylan as a Non-Executive Director of Emergent Resources Limited.

Mr Boylan is a successful businessman and has over 38 years experience in investing, developing and operating businesses associated with the property sector. He has a Masters of Urban Development and Sustainability (Bond University) and is a member of the Australian Institute of Valuers.

Mr Boylan is a major share and option holder of the Company and brings a strong project management background to the Board of Emergent Resources Limited. Mr Boylan has advised the company that he will be exercising his 30 September 2010 options.

In conjunction with the appointment of Mr Boylan the company will be undertaking an internal review of its strategies and management practices supporting the development of the Beyondie Iron Project.

ENDS

For further information please contact:

George McMaster James Moses Non Executive Chairman Media and Investor Relations Emergent Resources Mandate Corporate Mob: 0410 410 410 Mob: 0420 991 574 E: admin@emergentresources.com.au E: james@mndatecorporate.com.au Website: www.emergentresources.com.au

About the Beyondie Iron Project

The Beyondie Project is located adjacent to the Great Northern Highway and Goldfields Gas Pipeline in the northern part of WA’s mid-west iron ore precinct. Potential shared rail and port infrastructure developments for the project are in progress.

The project has a JORC Inferred Mineral Resource of 561 million tonnes grading 27.5% Fe and an additional 480–520 million tonne Exploration Target in the drilled area, plus another 3.7-4.2 billion tonne Exploration Target outside the drilled area. (Refer ASX release 25 November 2009). The latter Target mineralisation is based on aeromagnetic data and geological mapping with the interpreted volumes modelled and confirmed as part of the independent Beyondie Mineral Resource Modelling study.

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About the Beyondie Iron Project (continued)

Initial metallurgical test work has shown the potential for the project to produce a high grade magnetite concentrate of +68%Fe, with very low impurities (aluminium, titanium, phosphorous and sulphur).

In addition, Emergent recently announced a new, large Direct Shipping Ore hematite iron discovery at the project, of an independently assessed Exploration Target of 70-120Mt over a 6.5km portion in tenement E52/2215 (Refer ASX release 2 June 2010).

The potential quantity and grade of the Exploration Targets is conceptual in nature. There has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the determination of a Mineral Resource

The Company plans ongoing exploration programs to expand the size of the magnetite Resource base at the project, and confirm a hematite mineral resource.

Technical information in this report has been prepared under the supervision of Mr Garry Hemming, a director of the company and a member of the Australasian Institute on Mining and Metallurgy (AusIMM). Mr Hemming has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Hemming consents to the inclusion in this report of the Information, in the form and context in which it appears.

The information in this statement that relates to Mineral Resources is based on information compiled by Sharron Sylvester who is a full time employee of AMC Consultants Pty Ltd and a Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration to qualify as a Competent Person as defined in the JORC Code (2004). Sharron consents to the inclusion of this information in the form and context in which it appears.

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