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PHOSCO LTD Board/Management Information 2014

May 7, 2014

65559_rns_2014-05-07_9cd153b1-c652-4e4e-ac04-7ed1ad88c04c.pdf

Board/Management Information

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ASX Announcement 8 May 2014

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Celamin Holdings appoints Nic Clift Chief Operating Officer

ACN 139 255 771 ABN 82 139 255 771

Level 4, 100 Albert Road South Melbourne VIC 3205

Contact:

Phone: +61 (0)3 9692 7222 Fax: +61 (0)3 9077 9233 [email protected]

Media and Investor Relations:

James Moses Mandate Corporate Phone: +61 (0) 420 991 574 [email protected]

Board of Directors:

Andrew Thomson, Non-Exec Chairman David Regan, Managing Director Russell Luxford, Non-Exec Director Martin Broome, Non-Exec Director

Phosphate exploration and development company Celamin Holdings NL (ASX: CNL) (Celamin, the Company) is pleased to announce the appointment of Mr Nicholas (Nic) Clift as Chief Operating Officer with immediate effect.

Mr Clift is a highly experienced and successful senior mining industry executive with particular expertise in resource projects in sub-Saharan and North Africa. This will be of great value to Celamin as the Company advances the development of its Chaketma Phosphate Project in Tunisia.

He has more than 30 years experience in the international resources industry, with roles in mining and base metals extraction, refining and recycling, and has worked in Africa, France, Germany, United Kingdom and Australia. He has held a variety of corporate, management, project, development and operating roles,

Mr Clift is a metallurgist with significant project experience. He was previously managing director of Algerian focused base metals company Terramin Australia Ltd (ASX: TZN), from September 26, 2011 to May 31, 2013. Prior to that he was General Manager of Algerian Operations at Terramin.

Company Secretary

Melanie Leydin

Securities on Issue

CNL: 235,671,986 ordinary shares CNLCA: 14,887,796 partly paid shares

Mr Clift’s previous experience also includes roles with Anglo American, Kumba Iron Ore Ltd, Kamoto Operating Ltd, Zinifex Ltd, Mount Isa Mines Ltd, and Zambia Consolidated Copper Mines Ltd.

His expertise encompasses the management of large projects from concept phase, through exploration, and development and production.

Mr Clift is a graduate of the University of Manchester, and holds an MBA from the University of Queensland. He is also a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM).

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Celamin Holdings Managing Director David Regan said:

"On behalf of the Company I welcome the appointment of Nic Clift as our new Chief Operating Officer. His proven track record of running major resource projects in northern Africa will be invaluable as we progress the development of the Chaketma Phosphate project through its Definitive Feasibility Study and into production. We have a key focus on building our technical capabilities onground in Tunisia, and the appointment of Mr Clift represents a key component of this.”

For further information or enquiries, please contact:

David Regan James Moses Managing Director Media and Investor Relations Celamin Holdings NL Mandate Corporate +61 (0)3 9692 7222 +61 420 991 574 [email protected]

About Celamin Holdings NL

Celamin is an ASX listed Company (ASX Code: CNL) which is focused on the exploration and development of the Chaketma Phosphate Project in Tunisia. The project comprises six prospects over a total area of 56km[2] . Celamin holds the Chaketma Phosphate Permit with its Tunisian partner Tunisian Mining Services (TMS).

The Kef El Louz prospect is the largest of the prospects within the Chaketma project area. It is approximately six kilometres from north to south, and covers an area of more than three square kilometres. Mapping, trenching and drilling at the north-western corner of the Kef El Louz prospect has confirmed that this area has the potential to meet grade, as well as metallurgical and strip ratio criteria.

Gassaa Kebira is the northernmost prospect. It has an elongate shape and spans approximately 2.6km north-south and 0.9km east-west, over a surface area of 2.36km[2] .

Celamin is focused on completing a Definitive Feasibility Study at the Chaketma Project as its next stage in the project’s development. Ongoing exploration at the project consists of mapping, drilling and channel sampling across all prospects – including the Gassa Kebira, Sidi Ali Ben Oum Ezzine, Kef EL Louz and Douar Ouled Hamouda prospects.

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