PHOSCO LTD — Board/Management Information 2012

Oct 18, 2012

19 October 2012

ASX Announcement

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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

Board of Directors

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

Company Secretary

Melanie Leydin

Securities on Issue

Changes to the Board of Directors

Celamin Holdings NL (ASX: CNL, “Celamin” or the “Company”) today announced the appointment of Mr. Gary Scanlan as a NonExecutive Director of the Company.

Mr. Scanlan brings over 28 years of experience in the mining industry. He is currently a Non-Executive Director of LionGold Corp Ltd; a Singapore Exchange listed investment holding company focused on gold. He is also Chairman of Castlemaine Goldfields, which was taken over by LionGold Corp earlier this year, and a Non-Executive Director of Red 5 Limited.

Ms. Melanie Leydin will resign from her position as a NonExecutive Director. Ms. Leydin will continue as Company Secretary of Celamin.

Celamin Chairman, Hon. Andrew Thomson said, "We warmly welcome Gary to the Board of Celamin. His professionalism and extensive experience in the management of mining projects and companies over the past 28 years will be of great value to Celamin as we progress our Chaketma Phosphate Project in Tunisia. I look forward to having Gary join Celamin’s Board of Directors.

“I would also like to thank Ms. Leydin most sincerely for her contribution to the Board over the past year. She has guided the Company through the successful acquisition process, which has positioned the Company for future growth and wealth creation.”

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

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Mr. Gary Scanlan – CV

Mr. Gary Francis Paul Scanlan is an Associate Chartered Accountant and a Fellow of the Australasian Institute of Mining and Metallurgy. He was appointed a Non-Executive Director of LionGold Corp Ltd from 1 October 2012. LionGold is a Singapore Exchange listed company focused on growing a global gold mining group. He is also a Non-Executive Director, appointed in November 2006, of Red 5 Limited, an ASX listed company with gold mining interests in the Philippines.

Mr. Scanlan was a Non-Executive Director of Citadel Resources Limited from December 2009 until the finalisation of the takeover of that company in March 2011. For five years up until September 2010, he was the Managing Director and Chief Executive Officer of Castlemaine Goldfields Limited. He was appointed Chairman of Castlemaine Goldfields in December 2010 and retains this position following the takeover by LionGold Corp Ltd.

Mr. Scanlan started his career with Price Waterhouse & Co. where he first gained exposure to the mining industry. He has then worked for 28 years in the mining industry, 18 years of which were with Newmont Mining Corporation/Newcrest Mining Limited. He has extensive experience in the management, evaluation, development, financing and administration of mining projects and companies.

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 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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