PHOSCO LTD — Board/Management Information 2012

Nov 5, 2012

ASX Announcement 6 November 2012

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ACN 139 225 771 ABN 82 139 255 771

Level 4, 100 Albert Road South Melbourne VIC 3205

Phone: +61 (0)3 9692 7222 Fax: +61 (0)3 9077 9233 generaladmin@celaminnl.com.au

Withdrawal of Resolution 4/Confirmation of General Meeting Date

The Board of Celamin Holdings NL (ASX Code:CNL) would like to advise that Resolution 4, Election of Ms Melanie Leydin, has been withdrawn from the Company’s Annual General Meeting to be held on 20 November 2012 at 10am AEDST.

The Company has withdrawn the resolution as a result of Ms Leydin’s resignation from the Board of CNL as announced on 19 October 2012.

Any proxies submitted to the Company in respect of Resolution 4 will be disregarded.

Board of Directors

Andrew Thomson, Non-Exec Chairman

David Regan, Managing Director

The Board also wishes to confirm that the date of the recently announced General Meeting of shareholders is to be held on Monday, 3 December 2012, not 2 December as stated in the Notice of General Meeting.

Russell Luxford, Executive Director

About Celamin Holdings NL

Martin Broome, Non-Exec Director Gary Scanlan, Non-Exec Director

Celamin Holdings NL (ASX Code CNL) is an ASX-listed company focused on the exploration and development of resource projects in North Africa, initially in Tunisia and Algeria.

Company Secretary

Melanie Leydin

Securities on Issue

CNL: 152,338,652 ordinary shares

CNLOA: 75,984,913 options expiring 28 June 2013

CNLO: 25,358,026 options expiring 31 March 2014

CNLCA: 14,887,796 partly paid shares

Celamin holds the Chaketma Phosphate exploration permit in Tunisia with Tunisian Mining Services (TMS). This project is Celamin’s current focus as it has better target potential than Celamin’s other Phosphate project, Bir El Afou. The first results from channel sampling, drilling program and historic data at Chaketma have been announced. The Chaketma project would use the same rail and port infrastructure as identified in the Bir El Afou pre-feasibility studies.

Celamin continues to step up work to carry out a due diligence drilling program for its farm-in to an Exploitation Permit at the Oued El Kebir precious and base metal project in Algeria.

Celamin has also acquired rights to several base metal tailings Projects in Tunisia with TMS and is the holder of three Exploration Permits with base metal (Pb/Zn) targets on a 50/50 basis with TMS.