FOCUS MINERALS LTD — Remuneration Information 2010

Mar 14, 2010

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Grant of Options to Key Management and Project Personnel

Gold producer Focus Minerals Limited (ASX: FML; “Focus”) has made a grant of incentive options to key management and project staff, which, subject to vesting conditions, amounts to approximately 1.8% of FML’s presently issued capital.

The Board Remuneration Committee undertook a review of its compensation procedures in November 2009 with a view to overhauling both short and long-term remuneration practises. This was done to establish Focus’ competitive position as an employer of choice and was based on comparing Focus’ remuneration practises with that of 22 other companies of similar or larger size and application.

The rising strength of the resources sector and the continued need to attract and retain excellent people – especially now that the Company is in production – was a major impetus for the move.

The options will vest in two annual tranches and will be subject to the achievement of specified performance criteria; specifically the Total Shareholder Return of a selected group of peer companies and the continuing employment of the grantee. Conversion of the options will be at exercise prices of 7.5 cents and 7.8 cents per share and will vest equally on July 1[st] 2011 and July 1[st] 2012 on the payment of funds for the resultant shares by the grantee. All options will expire on December 31[st] , 2012.

In order for these options to align themselves with the interests of the Company’s shareholders, the pricing and performance criteria will see a significant premium to the current share price for each tranche of 27% and 32% respectively, compared to the most recent closing price of 5.9 cents. If all the Options are converted to shares over the next two and a half years, a further 50,848,464 shares will be issued.

Members of the Board do not participate in this Options grant.

Focus’ Chairman, Don Taig, commenting on the implementation of the Long Term Incentive Scheme said: “It is imperative to reward management and key project staff in a competitive manner and to ensure that the objectives of shareholders and management were as aligned as possible.

“The granting of performance-based options would provide an effective compensation structure for staff that will make a real difference going forward and the Board unanimously supports this directive,” he added.

ENDS

Campbell Baird, CEO Focus Minerals Ltd Telephone: (+61-8) 9215-7888 Web: www.focusminerals.com.au

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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.

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