FOCUS MINERALS LTD — Capital/Financing Update 2009

Aug 10, 2009

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ASX Release 11 [th] August 2009
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EXPLORATION DRILLING DELIVERS FURTHER HIGHGRADE GOLD INTERCEPTS AT TINDALS MINING CENTRE

HIGHLIGHTS

• Latest underground diamond drilling continues to confirm extensions to Perseverance ore body; high-grade results from first five holes in current program include:

• 5.41m @ 33.03g/t Au;

• 3.99m @ 11.62g/t Au; and

• 1.45m @ 11.89g/t Au.

• Follows up excellent results achieved from drilling program at Perseverance South undertaken earlier in the year.

• Drilling forms part of an ongoing diamond drilling campaign targeting strike and depth extensions of known deposits at the Tindals Mining Centre.

Australian-based gold producer Focus Minerals Ltd (ASX: FML; “Focus”) is pleased to announce further significant high-grade gold intersections from the current round of drilling being undertaken at the Tindals Mining Centre, part of the Company’s Coolgardie Gold Project located in Western Australia’s Eastern Goldfields region.

The diamond drill rig is currently drilling underground at the Perseverance deposit, where assay results from the first five holes have just been received ( see Table 1 ).

These results included high-grade down hole intercepts of 5.41m at 33.03g/t, 3.99m at 11.62g/t, and 1.45m at 11.89g/t and were intersected 15 metres below the lowest developed level at Perseverance (225mRL).

Drilling continues at Perseverance down dip from these results, proximal to the high-grade results which were announced to the ASX on 1 April this year.

The current results are part of an ongoing diamond drilling campaign aimed at substantially increasing Focus’ gold Reserve base ahead of the commissioning of the Company’s 1.2Mtpa Three Mile Hill processing plant later this year.

ENDS

On behalf of: Campbell Baird, CEO Focus Minerals Ltd Telephone: (+61­8) 9215­7888 Web: www.focusminerals.com.au

Released by: Nicholas Read/Jason Cunningham Read Corporate Telephone: (+61-8) 9388-1474 www.readcorporate.com.au

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ASX Release 11 [th] August 2009
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Table1 - Perseverance Diamond Drill Results, current programme to date (in local Tindals grid).

Hole Number	Northing	Easting	RL	Azimuth	Dip	Total Depth	From (m)	To (m)	Down Hole Width (m)	True Width (m)	Grade (g/t Au)
PED025	9777.6	5293.1	232	260	-11	140	32.00	35.44	3.44	3.37	4.96
							52.01	56.00	3.99	3.91	11.62
PED026	9777.6	5293.1	232	275	-14	120	59.95	63.67	3.72	3.61	1.15
							65.09	70.50	5.41	5.25	33.03
PED027	9777.6	5293.1	232	301	-16	116	55.85	56.63	0.78	0.74	4.33
PED028	9777.6	5293.1	232	322	-14	110		No Significant Intercepts
PED029	9777.6	5293.1	232	256	-28	110	38.55	40.00	1.45	1.27	11.89
							42.50	48.78	6.28	5.49	3.64
							50.34	52.71	2.37	2.07	4.86
							63.00	66.00	3.00	2.64	3.67
							70.00	71.05	1.05	0.92	8.03

COMPETENT PERSON’S STATEMENT

The information in this report relating to Resources is based on work supervised by Dr Garry Adams who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Dr. Adams has the relevant experience as a “Competent Person” as defined in the 2004 edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves in relation to the mineralisation being reported. Dr. Adams is Exploration Manager of Focus Minerals Ltd and consents to the inclusion of the material in the form and content in which it appears.

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 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. Focus holds the mineral rights to more than 210sq km of tenements including an extensive inventory of Measured, Indicated and Inferred gold resources as well as the 1.2mtpa Three Mile Hill processing plant.

Focus commenced maiden commercial gold production in April 2008 through ore sourced from the Company’s flagship Perseverance Deposit (Probable Reserve of 129,000oz). Earlier this year, the nearby Countess Deposit (Probable Reserve of 29,000oz) was also brought into production with ore from both deposits currently being milled at the nearby Greenfields treatment plant.

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