FOCUS MINERALS LTD — Capital/Financing Update 2014

Jul 29, 2014

Level 2, 159 Adelaide Terrace East Perth WA 6004 PO Box 3233 East Perth WA 6892 T: +61 8 9215 7888 F: +61 8 9215 7889 E: info@focusminerals.com.au

==> picture [118 x 82] intentionally omitted <==

ASX ANNOUNCEMENT

30 July 2014

Focus Confirms Strong Results from Coolgardie and Laverton Exploration Campaigns

Focus Minerals Ltd. (ASX: FML) is pleased to announce results from recent exploration drilling campaigns conducted on priority targets at Coolgardie and Laverton.

Highlight Intersections	Highlight Intersections
Coolgardie Gold Project
Brilliant	8.3m @ 13.46g/t Aufrom 268.24m in BRRCD007
	2.3m @ 25.55g/t Aufrom 361.15m in BRRCD006
	3.0m @ 6.61g/t Aufrom 234m in BRRCD005
	3.0m @ 4.17g/tfrom 191m in BRRCD008
Bonnie Vale	6.0m @ 9.45g/t Aufrom 158m in BONC035
	6.0m @ 7.12g/tfrom 95m in BONC033
Laverton Gold Project
Lancefield	2.0m @ 59.76g/t Aufrom 50m in LFRC002
Fish	2.9m @ 8.17g/tfrom 455m in FHDD099
Craiggiemore	4.7m @ 9.28g/tfrom 212m in CMDD348

During its recent exploration campaigns the Company drilled 43 holes at Laverton for 6,440m of RC and 2,376m of diamond core. At Coolgardie, 31 holes were drilled for 6,698m of RC and 1,215m of diamond core.

Drilling commenced in late March and finished in June, with three projects drilled in Coolgardie and six in Laverton. The programs varied from tenement maintenance work to deep diamond drilling. A full table of significant intersections is attached.

“We are pleased to see such exciting results from our first major exploration drilling campaign for the year” commented Focus Minerals Interim CEO, Wanghong Yang, “These results bolster Focus’ commitment to a thorough exploration program and we will follow them up with additional drilling on our advanced targets.”

Focus has planned additional RC and diamond core drilling for the coming quarter. It is also in the final stages of developing plans for copper exploration in the Admiral Hill trend (Laverton) and a geophysical investigation of the Company’s Nepean Nickel project. Both of these programs are expected to commence in the coming quarter.

1

Coolgardie Gold Project*

==> picture [59 x 41] intentionally omitted <==

Bonnie Vale

13 holes were drilled at Bonnie Vale for 2,874m (Figure 3 presents one of the holes). The program was designed to test extensions to high-grade mineralised reefs historically mined underground, including the Westralia, Bonnie Vale and Vale of Coolgardie mines. Bonnie Vale is one of the largest and highest grade historic mines in the Coolgardie field, however it has received little effective exploration in the modern era due to holes being too shallow, or not effectively targeted. The majority of previous drilling in the area was carried out using shallow RAB, which is ineffective in testing reef structures dipping at between 45 and 60 degrees.

Following up on work commenced by Coolgardie Gold in the early 1990’s, the Company digitised the main workings, which proved to be vital when planning and orienting drill holes.

The initial holes targeting the upper portions of the Westralia and Callisto reefs did not intersect significant mineralisation, however two significant intersections were drilled on the Bonnie Vale and Vale of Coolgardie structures, namely 6.0m @ 9.45g/t from 158m BONC035 and 6.0m @ 7.12g/t from 95m in BONC033 (see Table A below).

A second round of RC drilling at Bonnie Vale will commence in the coming quarter, following up on these early results.

Brilliant

At Brilliant 14 holes were drilled for 4,264.5m. This program was designed to provide additional structural and assay data on deep targets building on the success of the Brilliant Deeps program completed in H2 2013, with all holes drilled beneath the current Brilliant pit (Figure 2). One hole at the northern end of the program could not be completed due to a lost rod string; this is expected to be recovered in the next round of drilling.

Results from the Brilliant program were sufficient to justify further drilling at depth. The highergrade zones are particularly significant as FML’s intention is to define sufficient tonnage at a robust grade to justify future underground mining (see Table A below).

During the second half of 2014 the Company intends to concentrate on exploring to the north of Brilliant, with an RC program currently awaiting DMP approval. This work is part of the longer-term view to thoroughly define mineralisation along the 2.5km-long Brilliant trend. Moving into 2015 the Company will continue infill drilling on the Brilliant Deeps area, which is now an advanced brownfields project.

Boundary

At the Boundary pit three RC holes were drilled for 774m, bracketing the known mineralisation at depth to test whether the deposit had sufficient strike and dip extent to justify further work. This drilling was unsuccessful in defining significant gold values, and no further work is planned.

*Collar locations for Coolgardie targets are presented in Figures 7 to 9.

2

==> picture [59 x 41] intentionally omitted <==

Figure 1: Coolgardie Project tenements & priority target areas

==> picture [426 x 584] intentionally omitted <==

3

==> picture [59 x 41] intentionally omitted <==

Figure 2: Representative cross section of the Brilliant Deeps area.

==> picture [443 x 584] intentionally omitted <==

4

==> picture [59 x 41] intentionally omitted <==

Figure 3: Bonnie Vale hole BONC035 on the Bonnie Vale Reef.

==> picture [452 x 315] intentionally omitted <==

5

Laverton Gold Project*

==> picture [59 x 41] intentionally omitted <==

Fish

11 holes were drilled at Fish, including 1,942m of RC drilling and 1,435.1m of diamond tails. Fish was originally drilled by WMC and mined as an open pit operation by Crescent Gold, with gold mineralisation hosted within a steeply-dipping BIF unit. The geological interpretation had shallowdipping granitic intrusions cutting off the orebody at depth, which resulted in a common view that the prospect had little depth potential despite the relatively high grades mined in the pit.

A reinterpretation of Fish conducted by FML geologists in late 2013, in conjunction with re-logging of old drill core, led to a complete re-appraisal of its prospectivity. The Company now believes the BIF unit to be relatively continuous, although folded, at depth rather than being faulted off and displaced by the granites. The recent drilling program was intended to test this hypothesis.

Results appear to support the new interpretation, although there is more complexity to the BIF units than expected. The new data will be added to a revised mineralisation interpretation before any further drilling is proposed (see Table A below).

Lord Byron

Two RC holes were drilled at Lord Byron, principally to keep the tenement in good standing but also testing mineralisation on flat structures adjacent to the existing open pit. The holes intersected a number of mineralised zones, and the new data will now be modelled in Leapfrog to assess its significance in relation to the rest of the data set (see Table A below).

Lancefield

Twelve RC holes were drilled for 1,338m testing a number of shallow positions along the strike of the West Lode. All holes intersected the lode position, with mixed results in terms of gold values. The best result was 2m @ 59.76g/t from 50m in LFRC002 (see Table A below).

West Lode was targeted because it remains relatively under-explored, and anecdotal evidence from previous explorers indicates the West Lode contains non-refractory mineralisation whereas the Main Lode contains a significant refractory component.

Craiggiemore

13 holes were drilled at Craiggiemore, including 1,926m of RC drilling and 940.4m of diamond core. This program was designed to test extensions to BIF-hosted mineralisation beneath the West Lode, which was successfully mined in the Craiggiemore pit (see Table A below).

The drilling indicates an unknown structural feature terminates mineralisation on the West Lode, however there is currently insufficient data to interpret or model this structure accurately. The drilling returned a best result of 4.7m @ 9.28g/t Au from 212m in hole CMDD348, however this mineralisation represents the Craiggiemore East Lode.

Prendergast Well

Drilling at Prendergast Well was designed to test mineralisation previously identified in shallow RAB holes. Four RC holes were drilled for 640m. The best result was 2m @ 4.68g/t from 46m in hole PWRC004, and no further work is planned at this stage.

Gladiator

Two RC holes were drilled for 300m. No significant intersections were received. No further work is planned at this stage.

*Collar locations for Laverton targets are presented in Figures 10 to 15.

6

==> picture [59 x 41] intentionally omitted <==

Figure 4: Laverton Project tenements & priority target areas.

==> picture [445 x 527] intentionally omitted <==

7

==> picture [59 x 41] intentionally omitted <==

Figure 5: Cross section of Fish deposit showing the reinterpreted BIF lodes in blue.

==> picture [452 x 597] intentionally omitted <==

8

==> picture [59 x 41] intentionally omitted <==

Figure 6: Craiggiemore cross section showing the relative positions of the East and West BIF lodes.

==> picture [452 x 319] intentionally omitted <==

9

==> picture [59 x 41] intentionally omitted <==

Table A: Significant Intersections

Intersections are length-weighted averages. Intersections reported are a minimum of 1m @ 1g/t. Minimum sample interval for inclusion is 0.1m.

Hole ID	Easting	Northing	RL	Depth	Dip	Azimuth	From	To	Intersection
	(MGA 94 Zone 51)			(m)		(MGA94)	(m)	(m)	(ppm Au)
			COOLGARDIE		GOLD PROJECT
BONNIE VALE
BONC031	324216	6584320	397	254	-60	221	136	137	1m @ 10.50ppm
						And	138	139	1m @ 1.52ppm
						And	165	166	1m @ 1.78ppm
						And	209	210	1m @ 2.68ppm
						And	250	251	1m @ 34.00ppm
BONC032	324286	6584188	400	237	-60	221	102	106	4m @ 1.19ppm
						And	115	116	1m @ 1.10ppm
						And	125	127	2m @ 1.22ppm
						And	132	134	2m @ 2.98ppm
BONC033	324350	6584107	400	186	-60	221	20	21	1m @ 1.08ppm
						And	39	43	4m @ 1.47ppm
						And	54	55	1m @ 6.22ppm
						And	95	101	6m @ 7.12ppm
BONC034	324090	6584269	393	276	-60	221	99	101	2m @ 1.54ppm
						And	178	179	1m @ 6.19ppm
BONC035	324041	6584357	390	209	-60	221	158	164	6m @ 9.45ppm
BONC042	323581	6584175	390	156	-60	270	86	87	1m @ 1.08ppm
BONCD036	323950	6584407	390	378.2	-65	221	165	166	1m @ 1.62ppm
						And	221	222	1m @ 1.34ppm
BRILLIANT
BRRC009	326644	6572025	424	243	-60	270	188	189	1m @ 1.32ppm
						And	194	195	1m @ 1.86ppm
BRRC012	326591	6571925	422	221	-60	270	132	133	1m @ 2.34ppm
						And	136	138	2m @ 2.12ppm
						And	181	182	1m @ 1.46ppm
						And	212	213	1m @ 7.32ppm
BRRCD001	326468	6572836	406	341	-60	250	19	20	1m @ 1.17ppm
						And	41	42	1m @ 6.10ppm
						And	279.59	282.44	2.85m @ 3.99ppm
BRRCD002	326568	6572501	416	357.2	-60	250	129	130	1m @ 1.85ppm
						And	138	140	2m @ 5.80ppm
						And	238	242	4m @ 1.34ppm
BRRCD003	326508	6572586	412	292.4	-60	250	24	26	2m @ 3.12ppm
						And	28	29	1m @ 1.10ppm
						And	97	99	2m @ 1.93ppm
						And	101	102	1m @ 1.70ppm
						And	107	108	1m @ 1.84ppm
						And	113	114	1m @ 2.36ppm
						And	116	117	1m @ 1.28ppm

10

==> picture [59 x 41] intentionally omitted <==

						And	118	119	1m @ 2.59ppm
						And	203	204	1m @ 3.66ppm
						And	209	211	2m @ 2.22ppm
						And	218	219	1m @ 1.22ppm
BRRCD004	326608	6572514	418	401.3	-60	250	72	73	1m @ 8.02ppm
						And	166	167	1m @ 1.55ppm
						And	174	178	4m @ 1.50ppm
						And	187	191	4m @ 1.49ppm
						And	311.43	312.58	1.15m @ 3.43ppm
						And	317	318	1m @ 1.52ppm
						And	328	329.27	1.27m @ 1.05ppm
						And	395.34	396.34	1m @ 1.21ppm
BRRCD005	326478	6572679	411	333.3	-60	250	120	125	5m @ 3.89ppm
						And	126	127	1m @ 1.14ppm
						And	137	138	1m @ 3.32ppm
						And	156	157	1m @ 1.07ppm
						And	159	160	1m @ 1.25ppm
						And	161	162	1m @ 1.12ppm
						And	190	193	3m @ 2.33ppm
						And	229	230	1m @ 1.32ppm
						And	234	237	3m @ 6.61ppm
						And	238	239	1m @ 1.12ppm
						And	276.7	278	1.3m @ 3.30ppm
BRRCD006	326548	6572722	411	377.1	-60	250	301.65	303.92	2.27m @ 4.72ppm
						And	361.15	363.54	2.39m @ 25.55ppm
BRRCD007	326687	6572338	427	444.2	-60	250	262.78	263.78	1m @ 3.62ppm
						And	268.24	276.54	8.3m @ 13.46ppm
						And	406.24	407.24	1m @ 1.24ppm
BRRCD008	326644	6572315	422	309.2	-60	250	191	194	3m @ 4.17ppm
						And	267.6	268.6	1m @ 6.91ppm
BRRCD011	326553	6572601	415	361.1	-60	250	110	111	1m @ 2.59ppm
						And	166	167	1m @ 2.29ppm
						And	282.01	283.8	1.79m @ 1.21ppm
BRRCD013	326659	6572425	425	423.3	-60	250	224	225	1m @ 1.13ppm
						And	226	227	1m @ 1.21ppm
						And	252.82	253.83	1.01m @ 4.23ppm
						And	311	312	1m @ 2.00ppm

11

==> picture [59 x 41] intentionally omitted <==

			LAVERTON GOLD PROJECT	LAVERTON GOLD PROJECT	LAVERTON GOLD PROJECT	LAVERTON GOLD PROJECT
FISH
FHDD099	511583.5	6781010	460.713	468.9	-55	270	455	457.9	2.9m @ 8.17ppm
Lord Byron
LBRC196	504290.4	6777325	440.2	108	-90	360	39	41	2m @ 6.53ppm
LBRC197	504362	6777325	439.2	186	-90	360	37	38	1m @ 2.08ppm
						And	50	51	1m @ 1.45ppm
						And	65	66	1m @ 4.43ppm
						And	68	73	5m @ 1.95ppm
						And	78	82	4m @ 2.57ppm
						And	84	87	3m @ 3.24ppm
						And	88	91	3m @ 2.27ppm
						And	111	112	1m @ 3.70ppm
						And	155	156	1m @ 1.98ppm
						And	157	161	4m @ 1.60ppm
						And	162	163	1m @ 1.33ppm
						And	166	168	2m @ 1.17ppm
						And	179	183	4m @ 5.13ppm
						And	184	186	2m @ 2.24ppm
LANCEFIELD
LFRC001	439149.4	6840999	450.9	150	-60	090	33	34	1m @ 1.45ppm
						And	64	65	1m @ 1.24ppm
						And	111	112	1m @ 6.37ppm
						And	117	118	1m @ 1.71ppm
LFRC002	439145	6840999	450.8	120	-90	000	37	38	1m @ 2.08ppm
						And	42	44	2m @ 1.44ppm
						And	50	52	2m @ 59.76ppm
						And	68	69	1m @ 2.42ppm
LFRC004	439156.3	6841049	450.7	90	-90	000	39	40	1m @ 1.40ppm
LFRC005	439181.8	6841098	450.5	160	-60	090	32	33	1m @ 1.17ppm
						And	82	84	2m @ 1.48ppm
LFRC006	439177	6841097	450.5	100	-90	000	38	39	1m @ 2.55ppm
						And	41	42	1m @ 1.41ppm
LFRC007	439181.2	6841109	450.9	130	-60	000	27	28	1m @ 3.57ppm
						And	45	46	1m @ 1.27ppm
LFRC008	439129.4	6841099	450.0	60	-90	000	18	19	1m @ 2.36ppm
CRAGGIEMORE
CMDD348	440563.2	6829614	464.53	221.6	-60	286	212	216.7	4.7m @ 9.28ppm
						And	226	227.85	1.85m @ 3.76ppm
CMRC339	440668.5	6828555	467.06	198	-60	270	91	92	1m @ 1.54ppm
						And	110	111	1m @ 1.32ppm
						And	123	124	1m @ 1.3ppm
CMRC341	440487.9	6829405	464.19	250	-60	286	163	164	1m @ 2.27ppm
CMRC342	440501.5	6829451	464.95	250	-60	286	180	182	2m @ 4.08ppm
						And	183	185	2m @ 1.96ppm

12

==> picture [59 x 41] intentionally omitted <==

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	Laverton Gold Project	Laverton Gold Project	Laverton Gold Project	Coolgardie Gold Project	Coolgardie Gold Project	Coolgardie Gold Project
Sampling techniques	This report relates to results for Reverse Circulation (RC) and diamond core drilling of Focus Minerals Coolgardie and Laverton Project areas. The summary table below lists metres drilled by drill type. The diamond tails are a sub-set of the RC holes. RC percussion drill chips were collected through a cyclone and cone splitter. Samples were collected on a 1m basis. 4m composite samples were collected manually using spear sampling of green bags. Core was sampled across identified zones of mineralisation by site geologists. Diamond core sample widths varied between a minimum of 0.2m and a maximum of 1m.
	Laverton Gold Project			Coolgardie Gold Project
	Drill Type	Holes	Metres	Drill Type	Holes	Metres
	RC	43	6,440.0	RC	30	6,698.0
	DD Tails	17	2,375.5	DD tails	11	1,214.5
	Total	43	8,815.5	Total	30	7,912.5
	RC chips were passed through a cone splitter to achieve a sample weight of approximately 3kg. The splitter was levelled at the beginning of each hole using a bullseye level. Any RC composite samples returning an assay value of 0.2g/t Au or greater were then re-assayed in 1m intervals by submitting the 1m cone-split samples for fire assay by 40g charge. At the assay laboratory all samples were oven dried, crushed to a nominal 10mm using a jaw crusher (core samples only) and weighed. Samples in excess of 3kg in weight were riffle split to achieve a maximum 3kg sample weight before being pulverized to 90% passing 75µm. The samples were then prepared for fire assay.
	When visible gold was observed in RC chips, this sample was then flagged by the supervising geologist for the benefit of the laboratory. The diamond core was marked up for sampling by the supervising geologist during the core logging process, with sample intervals determined by the presence of mineralisation and/or alteration. The core was cut in half using an Almonte automatic core saw, with half-core samples submitted to Kalgoorlie assay laboratories for fire assay analysis by a 40g or a 50g (Diamond half core only) charge AAS finish.
Drilling techniques	All drilling was completed using either an RC face sampling hammer or NQ2- size diamond core. All drill core was oriented by the drilling contractor using an Ezy-mark system. All holes were surveyed upon completion of drilling using a north-seeking gyroscope. Deeper diamond holes at Brilliant were surveyed inside the drill rods; all other holes were surveyed open-hole.
	RC sample recovery was recorded by a visual estimate during the logging process.

13

==> picture [59 x 41] intentionally omitted <==

Criteria	Laverton Gold Project	Coolgardie Gold Project
Drill sample recovery	The core samples were oriented, marked into metre intervals and compared to the depth measurements on the core blocks. Any loss of core was noted and recorded in the drilling database.
	All RC samples were drilled dry whenever possible to maximize recovery, with water injection on the outside return to minimise dust.
	Study of sample recovery versus gold grade does not indicate a bias in the gold grade caused by any drop in sample recovery.
Logging	All RC samples were geologically logged to record weathering, regolith, rock type, colour, alteration, mineralisation, structure and texture and any other notable features that are present. All diamond core was logged for structure, and geologically logged using the same system as that for RC. The logging information was recorded into acQuire format using a Toughbook notepad and then transferred into the company’s drilling database once the log was complete.
	Logging was qualitative, however the geologists often recorded quantitative mineral percentage ranges for the sulphide minerals present. Diamond core was photographed wet and dry one core tray at a time using a standardised photography jig. Samples from RC holes were archived in standard 20m plastic chip trays.
	The entire length of all holes (RC or diamond) are logged.
Sub-sampling techniques and sample preparation	Core samples were taken from half core, cut using an Almonte automatic core saw. The remainder of the core was retained in core trays tagged with a hole number and metre mark.
	RC samples were cone split to a nominal 2.5kg to 3kg sample weight. The drilling method was designed to maximise sample recovery and delivery of a clean, representative sample into the calico bag. Where possible all RC samples were drilled dry to maximise recovery. The use of a booster and auxiliary compressor provide dry sample for depths below the water table. Sample condition was recorded (wet, dry or damp) at the time of sampling and recorded in the database.
	The samples were collected in a pre-numbered calico bag bearing a unique sample ID. Samples were crushed to 75µm at the laboratory and riffle split (if required) to a maximum 3kg sample weight. Gold analysis was determined by a 40g charge fire assay with an AAS Finish or a 50g charge AAS Finish (diamond core only). The difference in fire assay charge size was simply due to the use of two different commercial laboratories during the drilling campaign.
	The assay laboratories’ sample preparation procedures follow industry best practice, with techniques and practices that are appropriate for this style of mineralisation. Pulp duplicates were taken at the pulverising stage and selective repeats conducted at the laboratories’ discretion.
	FML inserts 2 standards and takes 4 duplicates for every 100 samples.

14

==> picture [59 x 41] intentionally omitted <==

Criteria	Laverton Gold Project	Coolgardie Gold Project
	Field duplicates were collected from the cone splitter on the rig for RC samples at a frequency of one duplicate every 20 samples, excluding the 100th sample as this was a standard. Diamond core duplicates were not taken during this drilling program. Regular reviews of the sampling were carried out by the supervising geologist and senior field staff, to ensure all procedures were followed and best industry practice carried out.
	The sample sizes were considered to be appropriate for the type, style and consistency of mineralisation encountered during this phase of exploration.
Quality of assay data and laboratory tests	The assay method and laboratory procedures were appropriate for this style of mineralisation. The fire assay technique was designed to measure total gold in the sample.
	No geophysical tools, spectrometers or handheld XRF instruments were used.
	The QA/QC process described above was sufficient to establish acceptable levels of accuracy and precision. All results from assay standards and duplicates were scrutinised to ensure they fell within acceptable tolerances.
Verification of sampling and assaying	Significant intervals were visually inspected by company geologists to correlate assay results to logged mineralisation. Consultants were not used for this process.
	Normally if old historic drilling was present, twinned holes are occasionally drilled to test the veracity of historic assay data; however no twinned holes were drilled during this program.
	Primary data is sent in digital format to the company’s Database Administrator (DBA) as often as was practicable. The DBA imports the data into an acQuire database, with assay results merged into the database upon receipt from the laboratory. Once loaded, data was extracted for verification by the geologist in charge of the project.
	No adjustments were made to any current or historic data. If data could not be validated to a reasonable level of certainty it was not used in any resource estimations.
Location of data points	Drill collars were surveyed after completion, using a DGPS instrument. Down-hole surveys were completed using a north-seeking gyroscope operated by a qualified contractor.
	All coordinates and bearings use the MGA94 Zone 51 grid system.
	Focus utilises Landgate sourced regional topographic maps and contours as well as internally produced survey pick-ups produced by the mining survey teams utilising DGPS base station instruments.
Data spacing and distribution	Drill spacing across the Laverton and Coolgardie prospects varied depending on the exploration stage that the drill target currently existed. Drilling varied from wide spaced exploration RC drilling to precisely placed diamond tails designed to test mineralisation at depth and along strike.
	The data spacing of the drilling across Focus’s prospects during this campaign was not considered sufficient to be used in a Mineral Resource; the majority of drilling was completed to establish continuity of mineralisation and alteration at depth.

15

==> picture [59 x 41] intentionally omitted <==

Criteria	Laverton Gold Project	Coolgardie Gold Project
	Intercepted mineralisation will be digitized and incorporated into existing models or to create new models as required. Additional infill drilling would be required before this mineralisation can be used in the estimation of a Mineral Resource or Ore Reserve.
	Sample compositing has not been applied to the reporting of exploration results.
Orientation of data in relation to geological structure	Drilling was designed based on known geological models, field mapping, verified historical data and cross-sectional interpretation. Drill holes oriented at right angles to strike of deposit, with dip optimised for drill capabilities and the dip ofthe orebody.
	No orientation and sampling bias has been recognised in the drilling data to date.
Sample security	Laverton Gold Project	Coolgardie Gold Project
	All samples are bagged in a tied numbered calico bag, grouped into larger polyweave bags and cable tied. Polyweave bags are placed into larger Bulka Bags with a sample submission sheet and tied shut. Consignment note and delivery address details are written on the side of the bag and picked up by Coastal Midwest and delivered directly to the Kalgoorlie laboratory.	All samples were reconciled against the sample submission with any omissions or variations reported to FML. All samples were bagged in a tied numbered calico bag, grouped into green plastic bags. The bags were placed into cages with a sample submission sheet and delivered directly from site to the Kalgoorlie laboratories by FML personnel on a daily basis.
Audits or reviews	A review of sampling techniques was carried out by Roredata Pty Ltd in late 2013 as part of a database amalgamation project. Their only recommendation was to change the QA/QC intervals to bring them into line with the FML Laverton system, which uses the same frequency of standards and duplicates but has them inserted at different points within the numbering sequence.

16

==> picture [59 x 41] intentionally omitted <==

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	Laverton Gold Project	Coolgardie Gold Project
Mineral tenement and land tenure status	All drilling was conducted on tenements 100% owned by Focus Minerals Limited or its subsidiary companies Focus Operations Pty Ltd and Focus Minerals Laverton Ltd. All tenements are in good standing. There are currently (July 2014) no registered Native Title claims over the Laverton or Coolgardie project areas. The only material royalty is that which includes the Lancefield tenement M38/37. Details of this royalty are included in the Company’s annual report published on the ASX website on 24/4/2014, listed on p84 of that report.
Exploration done by other parties	As both Coolgardie and Laverton are historic mining areas, the projects have been explored by a number of companies in the past, in particular: The Fish and Lancefield projects were drilled (and mined, in the case of Lancefield) by Western Mining Corporation; Additional drilling was completed at Lancefield by Metex Ltd prior to the project being acquired by Crescent Gold; Fish open pit was mined by Crescent Gold and Focus Minerals; Craiggiemore was an historic underground mine, with an open pit mined by Ashton Gold and subsequently Crescent Gold; The Brilliant pit was initially mined by the Brilliant-Tindals Joint Venture. It was subsequently expanded after further drilling by Herald Resources’ subsidiary Goldfan. More recent drilling was completed by Focus Minerals; Bonnie Vale is the site of a number of historic workings including the “Varischetti Mine” (Westralia). Modern exploration has been conducted by Coolgardie Gold NL, Gold Mines of Coolgardie and Focus Minerals.
Geology	The company is exploring for Archaean lode-style gold deposit at both projects.
	Laverton Gold Project	Coolgardie Gold Project
	Lancefield mineralisation occurs on thrust planes dipping at approximately 45 degrees to the east. Mineralisation tends to be sulphide-rich, with most mining development occurring on the Main Lode which is typically a refractory mineralisation style. There has been less development and less drilling within the West Lode. Anecdotal evidence suggests the West Lode contains zones of free-milling mineralisation. Fish and Craiggiemore are both BIF- hosted orebodies, with gold mineralisation occurring within steep- dipping BIF units. At both areas there is some structural complexity due to late-stage faulting and/or shear-related folding which is currently the subject of investigation by FML geologists.	Bonnie Vale mineralisation is historically contained within large (300m strike length) planar reef structures on or near the contact of the Bonnie Vale tonalite and an overlying ultramafic unit. FML drilling is investigating potential extensions to these structures at depth and along strike. Brilliant contains gold mineralisation on sheared basalt-ultramafic contacts and also within silicified intrusive diorite bodies conformable to the stratigraphy, dipping steeply to the WSW. Brilliant is an advanced brown-fields project.

17

==> picture [59 x 41] intentionally omitted <==

Drill hole Information

Laverton Gold Project

Drill hole Information

Laverton Gold Project

HOLEID EAST NORTH RL DEPTH AZIMUTH DIP TENEMENTID Craiggiemore CMDD344 440187.5 6829718 473 303.2 106 -60 M3800270 CMDD346 440181.8 6829850 469 256.3 106 -60 M3800270 CMDD347 440202.7 6829895 468 195.2 106 -60 M3800270 CMDD348 440563.2 6829614 465 330.6 286 -60 M3800270 CMRC339 440668.5 6828555 467 198 270 -60 M3800236 CMRC340 440751.8 6828653 466 114 270 -60 M3800236 CMRC341 440487.9 6829405 464 250 286 -60 M3800270 CMRC342 440501.5 6829451 465 250 286 -60 M3800270 CMRC343 440214.2 6829606 471 100 106 -60 M3800270 CMRC345 440186.4 6829796 474 120 106 -60 M3800270 Fish FHDD098 511609.7 6781090 462 459.8 270 -60 M3900139 FHDD099 511583.5 6781010 461 468.9 270 -55 M3900139 FHDD101 511226.1 6781011 461 330.95 90 -50 M3900139 FHDD102 511246 6781049 461 259.5 90 -50 M3900139 FHDD103 511276.7 6781088 462 255.1 90 -48 M3900139 FHDD104 511256.6 6781092 461 370.5 90 -55 M3900139 FHDD105 511330.2 6781132 463 186.5 90 -50 M3900139 FHDD106 511310.3 6781132 462 225.95 90 -58 M3900139 FHDD108 511190.8 6780965 460 360.4 91 -48 M3900139 FHRC100 511437.6 6780889 462 150 270 -48 M3900139 FHRC107 511202.8 6780925 460 200 90 -54 M3900139 Lancefield LFRC001 439149.4 6840999 451 150 90 -60 M3800037 LFRC002 439145 6840999 451 120 176 -90 M3800037 LFRC003 439160.9 6841049 451 150 90 -60 M3800037 LFRC004 439156.3 6841049 451 90 196 -90 M3800037 LFRC005 439181.8 6841098 451 160 93 -61 M3800037 LFRC006 439177 6841097 450 100 360 -90 M3800037 LFRC007 439181.2 6841109 451 130 360 -60 M3800037 LFRC008 439129.4 6841099 450 60 148 -90 M3800037 LFRC009 439400.4 6842488 451 126 270 -60 M3800159 LFRC010 439598.2 6842486 452 150 270 -60 M3800159 LFRC011 439499.1 6842487 451 102 270 -60 M3800159

18

==> picture [59 x 41] intentionally omitted <==

Drill hole Coolgardie Gold Project Information (continued)

	HOLEID	EAST	NORTH	RL	DEPTH	AZIMUTH	DIP	TENEMENTID
	Bonnie Vale
	BONC030	324472	6584032	403	210	220	-60	M1500877
	BONC031	324216	6584320	397	254	220	-60	M1500595
	BONC032	324286	6584188	400	237	221	-60	M1500595
	BONC033	324350	6584107	400	186	220	-61	M1500595
	BONC034	324090	6584269	393	276	221	-60	M1500277
	BONC035	324041	6584357	390	209	221	-60	M1500595
	BONC037	324299	6584348	400	208	221	-60	M1500595
	BONC038	323907	6583950	407	186	270	-60	M1500277
	BONC039	323877	6584015	404	167	270	-60	M1500277
	BONC040	323781	6584050	393	167	270	-60	M1500277
	BONC041	323701	6584083	400	240	270	-60	M1500277
	BONC042	323581	6584175	390	156	269	-59	M1500277
	BONCD036	323950	6584407	390	384.3	223	-65	M1500595
	Brilliant
	BRRC009	326644	6572025	424	243	255	-60	M1500646
	BRRC010	326447	6572934	404	228	255	-60	M1500646
	BRRC012	326591	6571925	422	221	255	-60	M1500646
	BRRCD001	326468	6572836	406	341	255	-61	M1500646
	BRRCD002	326568	6572501	416	357.2	254	-60	M1500646
	BRRCD003	326508	6572586	412	292.4	255	-60	M1500646
	BRRCD004	326608	6572514	418	401.3	252	-60	M1500646
	BRRCD005	326478	6572679	411	333.3	255	-60	M1500646
	BRRCD006	326548	6572722	411	377.1	257	-64	M1500646
	BRRCD007	326687	6572338	427	444.2	253	-60	M1500646
	BRRCD008	326644	6572315	422	309.2	255	-60	M1500646
	BRRCD011	326553	6572601	415	361.1	254	-60	M1500646
	BRRCD013	326659	6572425	425	423.3	253	-58	M1500646

Criteria Laverton Gold Project Coolgardie Gold Project Data Mineralised intersections are reported at a 1.00g/t Au cut-off with a minimum aggregation reporting width of 1m, reported as length-weighted average grades. methods Relationship Holes were drilled orthogonal to mineralisation as much as possible, however the between exact relationship between intercept width and true width cannot be estimated mineralisation exactly in all cases. widths and In the case of Fish and Craiggiemore, holes drilled at 090 and 106 azimuth intercept respectively were drilled at an acute angle to mineralisation due to site access issues lengths associated with open pit geometries. Diagrams Accurate collar plans are included in this announcement. Representative cross sections are included to depict the attitude and style of mineralised structures. Balanced Drilling results are reported in a balanced reporting style. The ASX announcement reporting shows actual locations of holes drilled, and representative sections as appropriate. Holes shown on the collar location plan which are not reported in the table of significant intercepts did not intersect reportable mineralisation.

19

==> picture [59 x 41] intentionally omitted <==

Other substantive exploration data	There is no other material exploration data to report at this time.
Further work	The Company is designing drilling programs to follow up on results from Brilliant and Bonnie Vale in the second half of 2014. The Fish project requires digital modelling of geology and mineralisation envelopes before further work can be planned. Due to exploration priorities, no work is planned at Lancefield or Craiggiemore at this stage.

Competent Person’s Statement

The information in this announcement that relates to Exploration Results is based on information compiled by Andrew Paterson who is a member of the Australasian Institute of Mining and Metallurgy. Mr Paterson is employed by Focus Minerals Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Paterson consents to the inclusion in this announcement of the matters based on the information compiled by him in the form and context in which it appears.

Forward Looking Statements

This release contains certain “forward looking statements”. Forward-looking statements can be identified by the use of ‘forward-looking’ terminology, including, without limitation, the terms ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘predicts’, ‘intends’, ‘plans’, ‘propose’, ‘goals’, ‘targets’, ‘aims’, ‘outlook’, ‘guidance’, ‘forecasts’, ‘may’, ‘will’, ‘would’, ‘could’ or ‘should’ or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future, assumptions which may or may not prove correct, and may be beyond Focus’ ability to control or predict which may cause the actual results or performance of Focus to be materially different from the results or performance expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions and contingencies and are not guarantees or predictions of future performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast result will be achieved. Similarly, no representation is given that the assumptions upon which forward-looking statements may be based are reasonable. Forwardlooking statements speak only as at the date of this document and Focus disclaims any obligations or undertakings to release any update of, or revisions to, any forward-looking statements in this document.

20

==> picture [59 x 41] intentionally omitted <==

Figure 7: Plan of Bonnie Vale collar locations.

==> picture [452 x 320] intentionally omitted <==

21

==> picture [59 x 41] intentionally omitted <==

Figure 8: Plan of Brilliant collar locations.

==> picture [452 x 638] intentionally omitted <==

22

==> picture [59 x 41] intentionally omitted <==

Figure 9: Plan of Boundary collar locations.

==> picture [452 x 320] intentionally omitted <==

23

==> picture [59 x 41] intentionally omitted <==

Figure 10: Plan of Fish collar locations.

==> picture [452 x 638] intentionally omitted <==

24

==> picture [59 x 41] intentionally omitted <==

Figure 11: Plan of Lord Byron collar locations.

==> picture [452 x 320] intentionally omitted <==

25

==> picture [59 x 41] intentionally omitted <==

Figure 12: Plan of Lancefield collar locations.

==> picture [452 x 639] intentionally omitted <==

26

==> picture [59 x 41] intentionally omitted <==

Figure 13: Plan of Craiggiemore collar locations.

==> picture [452 x 638] intentionally omitted <==

27

==> picture [59 x 41] intentionally omitted <==

Figure 14: Plan of Prendergast Well collar locations.

==> picture [452 x 320] intentionally omitted <==

28

==> picture [59 x 41] intentionally omitted <==

Figure 15: Plan of Gladiator collar locations.

==> picture [452 x 638] intentionally omitted <==

29

==> picture [59 x 41] intentionally omitted <==

ENDS

Focus Minerals Limited - Focus owns two large gold projects in Western Australia’s Eastern Goldfields. The company is the largest landholder in the Coolgardie Gold Belt, where it owns the 1.2Mtpa processing plant at Three Mile Hill. 250km to the northeast Focus has the Laverton Gold Project which comprises a significant portfolio of highly prospective tenure. Focus also owns the 1.45Mtpa Barnicoat mill in Laverton which has been on care and maintenance since 2009.

For further information please contact:

Dane Etheridge

Company Secretary and GM Business Development Focus Minerals Ltd Phone: +61 8 9215 7888

Andrew Paterson

GM Exploration & Resource Development Focus Minerals Ltd Phone: +61 8 9215 7888

30