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ASX: FML www.focusminerals.com.au

FOCUS MINERALS LIMITED Aggressively Expanding into a Rising Gold Price Update Presentation to the RIU Sydney Resources Round-up Campbell Baird, Chief Executive Officer

Disclaimer and Competent Person’s Statement

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This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation.

The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of Focus Minerals Ltd (Focus Minerals or the Company) and consult their own legal, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by Focus Minerals Ltd, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation.

To the maximum extent permitted by law, Focus Minerals Ltd, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of Focus Minerals Ltd , but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Focus Minerals Ltd’s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Focus Minerals Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated.

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Garry Adams who is a Member of the Australian Institute of Mining and Metallurgy. Dr Adams is a full time employee of Focus Minerals and has sufficient exploration 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Adams consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

The information in this report that relates to Ore Reserves is based on information compiled by Mr Brad Valiukas who is a Member of the Australian Institute of Mining and Metallurgy. Mr Valiukas is a full time employee of Focus Minerals and has sufficient exploration 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Valiukas consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Focus Minerals: A Rapidly Expanding Gold Producer

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Profitable Gold producer based in Western Australia’s Eastern Goldfields

3 producing mines - 2 opened in last 8 weeks

2.3 million ounce resource base – has grown 10% in last six months

Own 1.3Mtpa processing facility

On track to produce 100,000oz in 2011

Clear strategic plan to expand business to +130,000oz in 2012

World class exploration upside at Treasure Island Gold Project

Recently completed circa $40m Capital Raising to provide funding for growth

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Asset Location

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Greater
Coolgardie Three Mill Hill treatment plant
tenements 1.3Mtpa processing facility
Tindals Mining Centre
Underground & open pits
The Mount
Underground Mine
Treasure Island
Gold Project
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Tindals Mining Centre: Flagship Operation

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Engine room of the Focus business - poured 500th bar last week – 168,500oz to date.

Significant resource of 13.1Mt @ 2.8g/t for 1.2Moz - grown 20% in last six months

Total Reserve of 1.5Mt @ 3.1g/t for 147,000oz

Underground operation has been consistent performer

Long history of production, yet still shallow operations. Significant upside offered at depth

Delivering at 55,000oz pa - 2 years in reserve

Open pit operations just commenced - targeting additional 30,000oz pa

3 drill rigs now in operation (2) underground and (1) on the surface focused on expanding reserves & grade control

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Open Pits to grow to add 30,000oz pa

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Commenced development of first three pits at Easter - 10 further targetable deposits.

The Mount: Spearheading Next Stage of Expansion

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New high-grade Underground Mine just commenced production

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Will be significant boost to Focus’ production profile at 60,000oz pa

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Commenced mining German Lode where trial mining delivered 30,000t @ 8.0g/t

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Now completed cross cutting ore structures

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Bringing in underground diamond rig in June to focus on expanding reserves

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Inferred Resource – 2.1Mt @ 5.5g/t for 370,000oz

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Reserve - 61,000t @ 7.9g/t for 15,500oz

Regional Exploration

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Two significant exploration projects:

Treasure Island Gold Project at Lake Cowan; and
Greater Coolgardie

Greater Coolgardie region has produced >2.5Moz over the last 100 years Resource of 11.3Mt @ 1.9g/t for 694,000 ounces in Coolgardie outside the Tindals Mining Centre Reserve of 1.1Mt @ 1.7g/t for 60,000oz Massively underexplored – significant mine life extension potential

Existing RC rig commenced drilling targets this week.

Diamond rig will arrive in June.

Treasure Island Gold Project – Greenfields Exploration

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World class gold project on the Boulder-Lefroy Fault - Biggest gold producing system in Australia

Over 210 sq km of tenements

Multiple vein arrays of +300m strike length on Island with surface sample grades of over 50g/t

Significant number of samples contain extensive finely disseminated visible gold in quartz

Mapping has also identified additional targets to north, south and east of Island on the lake

Aeromagnetics show structures extend under lake with multiple targets

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Option to acquire
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Exploration Update

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Thick Gabbro sequence (+500m thick) containing highly prospective Granophyric Horizon

Ganophyric Horizons host bulk of mined gold ozs in the Kalgoorlie / Kambalda Region

Treasure Island Granophyric Horizon usually thick (+150m). All high grade gold results to date have originated from this zone.

Numerous structures cross-cutting the local geology. Multiple targets to test within the Granophyre

At least 6km of strike of Granophyric Horizon under lake cover to be tested.

Commenced significant greenfields exploration program under guidance of Dean Goodwin.
First orientation drilling program in progress with diamond drill rig on site
All drilling being conducted on the lake adjacent to the island to interpret where structures are extending

Aircore rig will join program in June to test other targets further away from the island in a 10,000m program

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Strategic Growth Plan

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current
50,000oz 77,000oz 100,000oz +130,000oz +?????oz
Calendar 2009 Calendar 2010 On track 2011 Target 2012 Target 2013
Production from Tindals underground mine & stockpiles
Tindals Underground | 45,000tpm @ 3.5g/t
The Mount | 30,000tpm @ 5.5g/t
Tindals Open Pits | 30,000tpm @ 2.2g/t
Greater Coolgardie
Exploration
60,000oz currently in Reserve
Treasure Island
Exploration
Gold Project
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Operational Efficiencies

Investment Summary

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 Rapidly growing, profitable gold producer currently operating at 100,000oz

Clear strategic growth plan to accelerate production to +130,000oz
Financial structure to support growth

 No debt or hedging

Significant production profile with 3 producing mines & 1.3Mtpa processing plant
Substantial resource base with ability to extend reserve life
Management team with a demonstrated track record of delivery to production, on time, on budget

 World class exploration upside at Treasure Island Gold Project

Appendix 2: FML Resources & Reserves as at 31 March 2011

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Focus Minerals resources at 31[st] March 2011

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Focus Minerals reserves and stocks at 31[st] March 2011

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AGGRESSIVELY EXPANDING INTO A RISING GOLD PRICE

AI assistant

FOCUS MINERALS LTD Investor Presentation 2011

64932_rns_2011-05-11_c2185d78-d95e-483e-945d-265a940a45a8.pdf

Disclaimer and Competent Person’s Statement

Focus Minerals: A Rapidly Expanding Gold Producer

Asset Location

Tindals Mining Centre: Flagship Operation

Open Pits to grow to add 30,000oz pa

The Mount: Spearheading Next Stage of Expansion

Regional Exploration

Treasure Island Gold Project – Greenfields Exploration

Exploration Update

Strategic Growth Plan

Investment Summary

Appendix 2: FML Resources & Reserves as at 31 March 2011

Focus Minerals resources at 31[st] March 2011

AGGRESSIVELY EXPANDING INTO A RISING GOLD PRICE

AI assistant

FOCUS MINERALS LTD — Investor Presentation 2011

64932_rns_2011-05-11_c2185d78-d95e-483e-945d-265a940a45a8.pdf

Disclaimer and Competent Person’s Statement

Focus Minerals: A Rapidly Expanding Gold Producer

Asset Location

Tindals Mining Centre: Flagship Operation

Open Pits to grow to add 30,000oz pa

The Mount: Spearheading Next Stage of Expansion

Regional Exploration

Treasure Island Gold Project – Greenfields Exploration

Exploration Update

Strategic Growth Plan

Investment Summary

Appendix 2: FML Resources & Reserves as at 31 March 2011

Focus Minerals resources at 31[st] March 2011

AGGRESSIVELY EXPANDING INTO A RISING GOLD PRICE

More from FOCUS MINERALS LTD

FOCUS MINERALS LTD Investor Presentation 2011