PHOSCO LTD — Capital/Financing Update 2012

Jun 25, 2012

Celamin Holdings N.L ACN 139 255 771 ABN 82 139 255 771 Suite 304, 22 St Kilda Road, St Kilda, VIC 3182 Phone: (03) 9692 7222

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Fax: (03) 9529 8057 Email generaladmin@celaminnl.com.au

26 June 2012

FREE BONUS LOYALTY OPTIONS – TIMETABLE

Board of Directors

Andrew Thomson (Nonexecutive Chairman)

David Regan (Executive Director)

Martin Broome (Nonexecutive Director)

Melanie Leydin (Nonexecutive Director)

Company Secretary

Subsequent to the successful completion of the acquisition of Celamin Limited and the company relisting on ASX, the Board of Celamin Holdings NL (“Celamin”) are pleased to announce a timetable for the issue of free bonus loyalty options (“Loyalty Options”) as foreshadowed in the Company’s prospectus dated 13 April 2012 and in an announcement released to the market on 17 April 2012.

Celamin intends to issue one Loyalty Option (with an exercise price of $0.35 and expiry date of 28 June 2013) for every two shares in the Company held at the record date of 16 July 2012. It is intended that the Loyalty Options will be quoted on ASX.

The key dates are as follows:

Melanie Leydin

Securities on Issue:

CNL: 151,746,177 ordinary shares

CNLO: 25,367,001 options expiring 31 March 2014

CNLCA: 15,471,296 partly paid shares

EVENT	DATE
Lodgement of prospectus, announcement andAppendix 3B	2 July 2012(Before 10am)
Ex Date	10 July 2012
Record Date	16 July 2012
Despatch Date	30 July 2012
Loyalty Options trade on ASX	31 July 2012

These dates are indicative only. The Company reserves the right to amend this timetable subject to approval under ASX Listing Rules.

MELANIE LEYDIN DIRECTOR/COMPANY SECRETARY

About Celamin Holdings NL

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.

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Celamin holds the Chaketma Phosphate exploration permit in Tunisia with TMS. This project is Celamin’s current focus as it has larger 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.

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