FOCUS MINERALS LTD — Capital/Financing Update 2009

May 26, 2009

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FOCUS ACHIEVES GOLDEN MILESTONE WITH FIRST TONNE OF PRODUCTION

Gold producer Focus Minerals Limited (ASX: FML, “Focus”) has reached another significant milestone in the development of its Coolgardie Gold Project in Western Australia after recently surpassing one (1) tonne (35,274 ounces) of total refined gold production.

Since commencing gold production at Coolgardie in April 2008, Focus has made significant progress in adding to its resource and reserve base and maximising production recoveries and efficiency.

Focus’ Chief Executive Officer, Campbell Baird, said the milestone – which was achieved during the Company’s current milling campaign (its eighth overall) – occurred on May 23 and cemented Focus’ status as a significant regional producer.

“We have come a long way since our first gold pours back in April 2008 and it is a credit to everyone involved with Focus that this milestone has been achieved,” said Mr Baird.

“The first year of production for any project is inevitably the hardest in terms of maximising recoveries and running at optimal efficiencies, but I think we have now laid the foundations for a very bright future.”

Mr Baird said the Company was aiming to achieve significantly increased gold production in the coming years, with the A$17 million refurbishment and recommissioning of the 1.2 million tonne per annum Three Mile Hill processing plant to underpin production of 80,000 ounces in 2010 and +100,000 ounces from 2011 onwards .

“Como Engineers has recently commenced refurbishment of the plant and it will be ready to process its first ore later this year,” said Mr Baird.

“Three Mile Hill will be the catalyst for us to deliver a much higher level of production which would not have been possible under the current toll treating agreement with the Greenfields Plant.

To ensure that a long-term production profile can be sustained, Focus plans to recommence exploration at the Coolgardie Gold Project in June. The Company will be concentrating on the delineation of further high-grade deposits in the region, which it considers underexplored by modern standards, especially at depths below 200m.

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On behalf of: Campbell Baird, CEO Focus Minerals Ltd Telephone: (+61-8) 9215-7888 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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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 100,000oz). 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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