MINBOS RESOURCES LIMITED — Capital/Financing Update 2011

Jul 11, 2011

Perth Office South African Office Suite 2, Level 3 42 Kyalami Boulevard 1292 Hay Street Kyalami Business Park, West Perth, WA, 6005 Kyalami, Johannesburg PO Box 1974 West Perth WA 6872

T: +61 (08) 6140 2449 T: +27 11 466-8516/7 F: +61 (08) 6314 1587 F: +27 11 466-8523 E: info@minbos.com W: www.minbos.com

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July 12, 2011 ASX ANNOUNCEMENT

NEW ASSAYS CONTINUE TO DEMONSTRATE HIGH GRADE RESULTS AT CACATA PROSPECT, CONFIRMING DSO POTENTIAL

Highlights

The latest round of assay results from aircore drilling at the Cacata Prospect included:

• CCR-U1, from 2 to 18 m, 16m grading 26.3% P2O5 including an interval of 14m grading 28.3% P2O5

• CCR-U2, from 6 to 23 m, 17m grading 29.1% P2O5 including an interval of 10m grading 32.5% P2O5

• CCR-W1, from 30 to 56 m, 26m grading 23% P2O5 including an interval of 16m grading 27.9% P2O5

CABINDA PHOSPHATE PROJECT

Emerging phosphate developer Minbos Resources Limited (Minbos) (ASX code: MNB ) is pleased to report the latest round of assay results from the aircore exploration drilling campaign at the Cacata prospect in the Cabinda Province of the Republic of Angola.

These results continue to expand the area of high grade intercepts previously reported for Cacata and continue to confirm the consistency of the grades and thicknesses from the ore body.

Mr Peter Richards, Executive Chairman, Minbos Resources Ltd, commented:

“The Cacata prospect continues to deliver consistently impressive grades and thicknesses. Although still in the exploration phase, Cacata ticks many of the boxes required to be a low capital and low operating cost producer of direct shipping ore (“DSO”) phosphate rock.

The combination of close proximity to road infrastructure and the coast, high grades and thickness of the mineralization, the shallowness of some of the high grade intercepts and their DSO quality, confirms Cacata’s standalone potential as a world class deposit, one that will truly set it apart from many other phosphate rock projects around the world that are at various stages of development.”

Minbos Resources Limited – Announcement – 12 July 2011 1

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Cacata

The Company has received the assay results for a further 6 holes completed at Cacata. The latest assay results confirm the previously defined phosphate mineralization to be present over a strike length of approximately 4.2km and width of approximately 300m. The thickness of the mineralization varies between 1m and 63m with an average thickness of 26m.

To date, Minbos has received results for approximately 60% of the holes drilled. Coffey Mining continues to complete the assay results and analysis of the samples from the remaining holes. Once the analysis on Cacata is completed, the Company expects to provide the market with a JORC compliant resource estimate by early October 2011.

The results reported below were drilled vertically into flat lying phosphatic beds; accordingly the intervals are approximate true thickness.

		New Results	New Results		Including	Including
Hole I.D.	From	To	Interval	P2O5	Interval	**P2O5 **
	(m)	(m)	(m)	%	(m)	%
CCR-U1	2	18	16	26.3	14	28.3
CCR-U2	6	23	17	29.1	10	32.5
CCR-W1	30	56	26	23.0	16	27.9
CCR-007 B	26	57	31	14.8	8	26.4
CCR-R1	34	39	5	11.4
CCR-P1	27	42	15	8.6

		Previously	Released Results	Released Results	Including	Including
Hole I.D.	From	To	Interval	P2O5	Interval	**P2O5 **
	(m)	(m)	(m)	%	(m)	%
CCR-007A	36	54	18	24.7	7	33.3
CCR-007D	9	25	16	26.9	12	31.4
CCR-N1	9	23	14	28.2	10	30.8
CCR-O1	2	11	9	28.0	11	30.6
CCR-K1	6	25	19	27.4	11	30.6
CCR-999A	18	30	12	24.4	5	30.8
CCR-999B	37	50	13	10.5
CCR-007	32	57	25	25.04	8	33.17
CCR-999	9	28	9	27.58	11	32.58
CCR-013	39	47	8	7.92

The location of the exploration drill holes at Cacata are shown in Figure 1. The intersects clearly demonstrate that the Cacata ore body contains significant phosphate mineralization over a strike length of approximately 4.2km at a width of approximately 300m.

Minbos Resources Limited – Announcement – 12 July 2011 2

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Figure 1. Location of Exploration Drill Holes at the Cacata Deposit

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221600 222400 223200 224000 224800 225600
¯
CCR-003A
CCR-003A1
CCR-003B
CCR-X2
CCR-007C CCR-E1
CCR-022 CCR-D1
CCR-X1
CCR-007B
CCR-X3
CCR-Y1
CCR-007A
CCR-G1 CCR-005
CCR-006
CCR-Z1 CCR-007 CCR-I1
CCR-J1
CCR-W1
CCR-023 CCR-007D
CCR-K1
CCR-U1
CCR-999 CCR-M1
CCR-U2
CCR-999A
CCR-T1 CCR-999B
CCR-011
CCR-N1
CCR-P1
CCR-O1
CCR-012
CCR-R1
Legend CCR-AA3 CCR-S1
Upper Phosphate Member CCR-AA2
Lower Phosphate Member CCR-AA4 CCR-013 CCR-AA1 CCR-AA14
Alternative_target_area CCR-014 CCR-AA5
PFCL_Unit CCR-AA6 CCR-AA7
BGMS Unit
CCR-AA8
2011 Negative 21 Holes CCR-AA9
2011 Positive 23 Holes CCR-015 CCR-AA10 CCR-AA16
2010 Negative 12 Holes CCR-AA11
2010 Positive 3 Holes
0 500 1.000 Meters
9414400
9413600
9412800
9412000
9411200
9410400
9409600
9408800
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Minbos Resources Limited – Announcement – 12 July 2011 3

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A thickness contour plan of mineralisation and relevant drill hole depth and grade intersections at the Cacata Deposit is shown in Figure 2 below.

Figure 2. Cacata Deposit – Thickness Contour Plan

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222400 223100 223800 224500 225200
-
31m @ 14.8 % P2O5,
CCR-007B inc. 8m @ 26.4% P2O5
18m @ 24.7% P2O5,
inc. 7m @ 33.3% P2O5
CCR-007A
26m @ 23 % P2O5,
25m @ 25 % P2O5, CCR-007CCR-W1 inc. 10m @ 31.3% P2O5
inc. 8m @ 33.17% P2O5
CCR-007D
16m @ 26.9% P2O5, CCR-K1
inc. 12m @31.4% P2O5 CCR-U1 19m @ 27.4% P2O5,
CCR-999 inc. 11m @ 30.6% P2O5
CCR-U2
16m @ 26.3% P2O5, CCR-999A
inc. 10m @ 30.21% P2O5 12m @ 24.36% P2O5,
CCR-999B inc. 5m @ 30.8% P2O5
17m @ 29.1% P2O5, CCR-N1
inc. 10m @ 32.5% P2O5
CCR-P1
13m @ 10.5 % P2O5
CCR-O1
19m @ 27.6 %P2O5,
inc. 11m @ 32.58% P2O5 CCR-R1
15m @ 8.6% P2O5
14m @ 28.2% P2O5,
inc. 10m @ 30.8% P2O5
5m @ 11.4% P2O5 9m @ 28% P2O5,
inc. 1m @ 30.3% P2O5
CCR-13
13m @ 6,2% P2O5,
Thickness of mineralization inc. 2m @ 9.6% P2O5
24 - 31 meters
18 - 24 meters
12 - 18 meters
6 - 12 meters
0 - 6 meters
0 500 1.000 Meters
9413700
9413000
9412300
9411600
9410900
9410200
9409500
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Minbos Resources Limited – Announcement – 12 July 2011 4

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The information in this report has been reviewed and approved for release by Mr Tom Evers, MSc, Pr.Sci.Nat, who has over 20 years’ experience in mineral exploration, and who is the companies Chief Geologist and full-time employee and has sufficient experience in relation to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined by the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (The JORC Code 2004 Edition). Mr Evers has consented to inclusion of this information in the form and context in which it appears.

For more information: Peter Richards Minbos Resources Executive Chairman peter@minbos.com (+61) 08 6140 2449

Francis DeSouza Minbos Resources Corporate and Business Development francis@minbos.com (+61) 08 6140 2449

Minbos Resources Limited – Announcement – 12 July 2011 5

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About Minbos

Minbos Resources Limited is an exploration company focused on the development of phosphate bearing ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate bearing ore. Minbos is growing its current Inferred Resource base of 117Mt at 13.6% P2O5 in incremental stages as it drills out the known deposits during the first half of 2011.

The Company’s strategy is to specifically target the development of low cost phosphate projects, in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products. For more information, visit www.minbos.com

Overview of licenses

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Minbos Resources Limited – Announcement – 12 July 2011 6