PHOSCO LTD — Regulatory Filings 2012

Oct 17, 2012

Celamin Holdings NL

ASX Announcement

18 October 2012

ASX Announcement

Receipt of shareholder requisition

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 Melanie Leydin, Non-Exec Director

Celamin Holdings NL (ASX: CNL, “Celamin” or the “Company”) announces that on 17 October 2012 it received a request from a shareholder holding more than 5% of votes that may be cast at a general meeting to call a general meeting under section 249D of the Corporations Act (2001) (Cth) ("Corporations Act").

The Resolutions were received from RNAJ Pty Ltd and relate to the removal of Messrs David Regan and Andrew Thomson as directors of the Company and the election of Mr John Welsh as a director of the Company.

The Company is seeking advice as to its position and will call and hold the requisitioned general meeting in accordance with the timing requirements set out in the Corporations Act.

MELANIE LEYDIN Director and Company Secretary

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 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.

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