PHOSCO LTD — Board/Management Information 2012

Nov 22, 2012

ASX Announcement 23 November 2012

==> picture [174 x 118] intentionally omitted <==

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 info@celamin.com

Board of Directors

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

Company Secretary

Melanie Leydin

Securities on Issue

CNL: 152,338,652 ordinary shares

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

Withdrawal of Request for General Meeting

Celamin Holdings NL (ASX Code: CNL) (“Celamin” or the “Company”) advises that RNAJ Pty Ltd (“RNAJ”), today withdrew its request to hold a general meeting of Celamin shareholders to vote on the removal of Mr David Regan and the Hon. Andrew Thomson from their positions as Directors of the Company and the appointment of Mr John Welsh as a Director of the Company. The meeting had been scheduled for 2pm (AEDST) on Monday, 3 December 2012.

The Company looks forward to working with RNAJ in the future to help advance the Company’s projects in the best interests of the Company’s shareholders.

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.

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. Ongoing 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 prefeasibility 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.

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

CNLCA: 14,887,796 partly paid shares

[Type text]