FENIX RESOURCES LTD — Capital/Financing Update 2011

Oct 5, 2011

6 October 2011

Company Announcements Office

Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

NON-RENOUNCEABLE ENTITLEMENT ISSUE – DESPATCH OF PROSPECTUS AND ENTITLEMENT AND ACCEPTANCE FORM

The Directors are pleased to advise that the Prospectus and Entitlement and Acceptance Form has been despatched to shareholders today.

Key dates

With respect to the Entitlement Issue, the Company will accept applications until 5.00pm WST on Thursday, 20 October 2011 or any other date the Directors in their absolute discretion determine, subject to the requirements of the Corporations Act, the ASX Listing Rules and other applicable law. An indicative timetable for the Entitlement Issue is as follows:

for the Entitlement Issue is as follows:
Record Date for Determining Entitlement to New Shares	5pm (WST) 29 September2011
Prospectus and Entitlement and Acceptance Form Despatched toEligible Shareholders	6 October 2011
Closing Date for Receipt of Acceptances and Application Monies*****	5.00pm (WST) on 20October 2011
Securities quoted on a deferred settlement basis	21 October 2011
Notify ASX of under-subscriptions	25 October 2011
Despatch date/shares entered into Shareholders security holdings	28 October 2011

*** The Dates set out are subject to change. The Company reserves the right, subject to the Corporations Act, the ASX Listing Rules and other applicable law, to amend this timetable.**

Yours sincerely

EMERGENT RESOURCES LIMITED

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Kevin Hart

Company Secretary