FENIX RESOURCES LTD — Capital/Financing Update 2011

Jun 27, 2011

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ASX/MEDIA RELEASE 28th June, 2011

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EMERGENT RESOURCES ADVANCES DISCUSSIONS WITH POTENTIAL INDIAN JOINT VENTURE PARTNERS FOR BEYONDIE IRON PROJECT

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Diversified Western Australian, exploration and development company Emergent Resources Limited (ASX: EMG) (Emergent or The Company) wishes to update the market in relation to joint venture discussions regarding its prospective flagship Beyondie Iron Project in Western Australia.

In response to interest expressed by a number of Indian groups, Emergent’s Chief Executive Officer, Mr Nathan Lude, and Chief Geologist, Mr Jono King, will travel to India to meet with a number of companies to further discuss the parameters of possible future joint venture agreements and offtake arrangements for the development of the Beyondie Iron Project.

The Company’s Beyondie Iron Project, has a JORC Inferred Magnetite Resource of 561 million tonnes at 27.5% Fe. The Company has significant potential to increase the resource base as it explores more than 60 kilometres of available strike in the magnetite-bearing unit.

Emergent is currently undertaking a development program at its Beyondie Iron Project aimed at bringing the project’s magnetite resource and hematite potential product to market.

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.

ENDS

For further information please contact:

Nathan Lude Wolfgang Fischer Chief Executive Officer Executive Chairman Emergent Resources Limited PH: +61 8 9380 9122 E: admin@emergentresources.com.au Website: www.emergentresources.com.au

Media: David Brook Professional Public Relations +61 8 9388 0944 Em: david.brook@ppr.com.au

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Level 1, 43 Oxford Close
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West Leederville, Perth, 6007 Western Australia
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Competent Persons Statements

Technical information in this report has been prepared under the supervision of Mr Jonathan King, Chief Geologist for the company and a member of the Australasian Institute on Mining and Metallurgy (AusIMM). Mr King 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 King consents to the inclusion in this report of the Information, in the form and context in which it appears.

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About Emergent Resources:

Emergent Resources Limited (ASX: EMG) is a multi-commodity exploration and development company which listed on the Australian Stock Exchange in August 2008. Emergent has secured over 4500 square kilometres of highly prospective acreage in Western Australia, including the Company’s prospective flagship Beyondie Iron Project, with an undeveloped JORC Inferred Magnetite Resource of 561 million tonnes at 27.5% Fe. The Company has significant potential to increase the resource base as it explores more than 60 kilometres of available strike in the magnetite-bearing unit.

The Yerrida Basin, which forms a part of the Capricorn Orogen, hosts the Company’s Glengarry Project. Emergent is quickly establishing new Base Metal and Uranium targets in this under-explored region of Western Australia near Wiluna. Sandfire’s Doolgunna Copper-Gold Project lies within this important orogenic domain. The Company’s Mt Bartle Project lies adjacent to the world largest pure lead mine, Ivernia Inc’s Magellan Lead Mine.

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Level 1, 43 Oxford Close
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West Leederville, Perth, 6007 Western Australia
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