FOCUS MINERALS LTD — Capital/Financing Update 2009

Apr 30, 2009

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A$3M SHARE PURCHASE PLAN (“SPP”) CLOSES HEAVILY OVERSUBSCRIBED

TOTAL OF A$28m RAISED THROUGH COMBINATION OF SPP AND PLACEMENT

Australian gold producer Focus Minerals Limited (ASX: FML – “Focus”) is pleased to advise that its Share Purchase Plan (SPP) offer, closed on 28 April 2009 (5.00pm WST), with in excess of 1,000 applications for a total exceeding $3.75 million.

Under the terms of the SPP, shares will be issued on a first-in-first served basis. As the SPP was oversubscribed, the Company will be returning funds to unsuccessful applicants. It is expected that refunds will be returned to unsuccessful applicants commencing 15th May 2009.

Allotment of shares under the SPP will occur on or around 5th May 2009 with holding statements expected to be mailed out on or around 8th May 2009 .

Should Shareholders have any questions about the SPP or their application they should contact the Company’s share registry, Computershare, on 1300 557 010.

ENDS

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-KalgoorlieWidgiemooltha 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.