FOCUS MINERALS LTD — AGM Information 2007

Nov 19, 2007

PERTH

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MEDIA / ASX RELEASE

Level 3 105 St Georges Terrace Perth Western Australia 6000 Phone: 61 8 9215 7888 Fax: 61 8 9215 7889 Email: pwilliams@focusminerals.com.au

ACN 005 470 799

20 November 2007

SUPPLEMENTARY STATEMENT Presented by Mr Don Taig, Chairman

at the 2007 Annual General Meeting held 20 November 2007

Pacific International Hotel, Perth WA

Ladies and Gentlemen

You will have discovered from the Company’s Annual Report, that 2007 has been a period of significant exploration and evaluation activity – particularly for gold.

The Redemption Joint Venture (RJV) partners expended a further $8 million on an expanded exploration programme, designed to further define our resource and target with a feasibility study, our first production areas.

This work has resulted in an increase in our measured, indicated and inferred gold inventory resource for the Coolgardie Gold Project increasing to 503,552 measured and indicated ounces and 1,108,461 inferred ounces of gold.

As a result, the Perseverance deposit containing 127,140 ounces of gold, will be our first production area, with an expectation of our first gold pour in April 2008.

Our fund raising completed in June of this year raising $12.9 million, whilst largely undertaken to support the initiatives of the RJV partners exploration and development programme, also enabled the Company to do two other significant things.

The first was to expand our relatively small band of executive staff, enabling the Company to have access to both in-house and consulting staff focusing on 100 percent owned Focus’ projects. Given the favourable environment for metal prices and the strong resource sector in general, evaluation of early stage development for these projects is paramount.

Therefore, the second of the significant matters referred to earlier, was to use some of the capital raising on the Company’s Nepean nickel project to target recommencement of mining at the historic mine in 2008, further define the nickel resource and put in place the necessary work to establish the approvals to recommence mining activity.

As a result of shaft refurbishment, our personnel have gained access to levels 2, 4, 5, 6, 7, 8, 9 and 10 of the mine, and inspected all of the accessible levels and ore blocks to 10 level.

Significant changes to mining technology since the Nepean mine was closed, has given the Company a positive view towards recommencing mining with a combination of open cut mining to Level 3 and underground thereafter.

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A mining strategy is currently being evaluated with a view to recommencing mining under the Focus Minerals banner in Quarter 1, 2008.

As a result, 2008 is shaping as a watershed year and an exciting one for the Company.

Our Managing Director, Mr Peter Williams will now give you a presentation on the Company’s projects to further enhance your knowledge.

Don Taig Executive Chairman

ENDS

Released by:

Don Taig, Chairman Focus Minerals Ltd Telephone: (+61-8) 9215-7888 Web: www.focusminerals.com.au

BACKGROUND INFORMATION – FOCUS MINERALS LTD

Focus Minerals Ltd (ASX: FML ) is an Australian-based exploration and development group whose focus is to become a significant gold and nickel producer in the Coolgardie-Kalgoorlie-Widgiemooltha region of Western Australia.

Focus Minerals is currently fast tracking development of its wholly-owned Nepean Nickel Project (current estimated resource totaling 591,300t @ 2.2% Ni) located 25km south of Coolgardie. Focus has a view of recommencing mining operations from the historic production centre in 2008.

Through its Redemption Joint Venture with Canadian-based Committee Bay Resources Ltd, Focus Minerals is the largest landholder in the Coolgardie Gold Belt located in Western Australia, 560km east of Perth and 35km west of the ‘Super Pit’ in Kalgoorlie-Boulder. More than 2.6 million ounces of gold has been produced from the Coolgardie gold belt alone since 1892. The Redemption Joint Venture holds the mineral rights to more than 210sq km of tenements including Measured, Indicated and Inferred Resources exceeding 1.6 million ounces of gold as well as the 1.2mtpa Three Mile Hill processing plant.