FOCUS MINERALS LTD — M&A Activity 2011

Aug 7, 2011

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8 August 2011

Company Announcements Office ASX Limited Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

Focus Minerals Ltd (Focus, ASX: FML) - off-market takeover bid for Crescent Gold Limited (Crescent, ASX: CRE)

We refer to Focus’ off-market takeover bid for all the fully paid ordinary shares in Crescent (Offer). Focus has today varied the Offer by extending the period during which the Offer remains open for acceptance until 7:00pm (AEST) on 31 August 2011 . The Offer was previously scheduled to close at 7:00pm (AEST) on 15 August 2011.

We attach copies of the following documents relating to the extension of the Offer:

• (a) a notice of variation under section 650D(1) of the Corporations Act 2001 (Cth) (Corporations Act); and

• (b) a notice under section 630(2)(b) of the Corporations Act specifying 24 August 2011 as the new date for notifying the status of conditions to the Offer.

A copy of the notice of variation was today lodged with the Australian Securities and Investments Commission and sent to Crescent and each person to whom the Offer was made. A copy of the notice of the new date for notifying the status of conditions has also been sent to Crescent today.

Yours faithfully

On behalf of FOCUS MINERALS LIMITED

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Jon Grygorcewicz Company Secretary

Encl.

10795889_4

Focus Minerals Ltd

(ACN 005 470 799)

NEW DATE FOR GIVING NOTICE OF STATUS OF CONDITIONS

TO: Crescent Gold Limited (ACN 087 360 996)

AND TO: ASX Limited

Focus Minerals Ltd (“ Focus ”) gives notice under section 630(2) of the Corporations Act 2001 (Cwlth) (“ Corporations Act ”) in relation to the offer dated 30 June 2011 (“ Offer ”) under the takeover bid by Focus Minerals Ltd for all of the ordinary shares in Crescent Gold Limited as set out in the Bidder’s Statement dated 29 June 2011.

The date for giving notice on the status of the conditions set out in section 11.9 of the Bidder’s Statement pursuant to section 630(3) of the Corporations Act has been postponed by operation of section 630(2) of the Corporations Act. The new date for giving a notice on the status of those conditions is 24 August 2011.

As at the date of this notice Focus has not freed the Offer from any of the conditions set out in section 11.9 of the Bidder’s Statement.

Unless the context requires otherwise, defined terms in this notice have the same meaning as in the Bidder’s Statement.

Dated: 8 August 2011

Signed on behalf of Focus Minerals Ltd

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Don Taig Director

1

10812134_1

Focus Minerals Ltd

(ACN 005 470 799)

NOTICE OF VARIATION EXTENDING OFFER PERIOD

Section 650D(1) of the Corporations Act 2001 (Cwlth)

TO: Australian Securities and Investments Commission

AND TO: Crescent Gold Limited (ACN 087 360 996)

AND TO: Each person to whom an offer was made (“ Offer ”) pursuant to the Bidder’s Statement dated 29 June 2011 (“ Bidder’s Statement ”) by Focus Minerals Ltd (ACN 005 470 799).

Focus Minerals Ltd (“ Focus ”) gives notice under section 650D of the Corporations Act 2001 (Cwlth) (“ Corporations Act ”) that it varies the Offer by extending the Offer Period (as described in the Bidder’s Statement) so as to change the close of the Offer Period from 7:00 pm (AEST) on 15 August 2011, to 7:00 pm (AEST) on 31 August 2011 (unless further extended or withdrawn).

The new date for giving notice under section 630 of the Corporations Act of the status of the conditions set out in section 11.9 of the Bidder’s Statement is 24 August 2011.

The Offer was previously varied by notice dated 25 July 2011.

Unless the context requires otherwise, defined terms in this notice have the same meaning as in the Bidder’s Statement.

A copy of this notice was lodged with the Australian Securities and Investments Commission (“ASIC”) on 8 August 2011. ASIC takes no responsibility for the contents of this notice.

This notice of variation has been approved by a unanimous resolution of the Directors of Focus on 5[th] August 2011.

This notice is dated 8 August 2011.

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Don Taig Director

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