FENIX RESOURCES LTD — Capital/Financing Update 2011

Sep 14, 2011

15 September 2011

Company Announcements Platform Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

COMPLETION OF SHARE PLACEMENT AND ANNOUNCEMENT OF A NONRENOUNCEABLE ENTITLEMENT ISSUE

Emergent Resources Limited (“Emergent” or “the Company”) is pleased to advise the completion of a share placement to professional and sophisticated investors to raise $354,410.00.

Proceeds from the placement will be used to fund the further evaluation of the Extension gold prospect and to provide working capital.

The placement of 11,813,667 shares at 3 cents each was completed pursuant to the company’s 15% placing facility.

Non-Renounceable Entitlement Issue

The Company is also pleased to announce a one for one pro-rata entitlement issue to Emergent shareholders. The Entitlement Issue is not underwritten.

The issue price of 3 cents per share will raise $2,763,695 before costs if fully subscribed. Proceeds from the issue will be used to fund the Company’s exploration projects as outlined in the prospectus and provide working capital.

A Prospectus providing details of the non-renounceable entitlement offer to the shareholders of Emergent will be lodged as soon as possible.

Key terms of the offer are set out below.

Key Terms

Nature of offer	Non-renounceable Entitlement Issue of new shares
New share issue price	A$0.03 per new share
Offer ratio	1 new share for every 1 existing share held on record date
Number of new shares to be issued	Up to 92,123,196
Amount to be raised under the Entitlement Issue if fully subscribed	$2,763,695 before costs of the offer

Yours faithfully,

EMERGENT RESOURCES LIMITED

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Wolfgang Fischer

Executive Chairman