PRL GLOBAL LTD — Capital/Financing Update 2011

Mar 23, 2011

ACN 006 788 754

24th March 2011

Company Announcements Platform Australian Securities Exchange Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000

SALE OF INTEREST IN PHOSPHATE RESOURCES (HAULI) LTD

CI Resources Limited (ASX code: CII) is pleased to announce that the sale of its 18.1% interest in Phosphate Resources (HauLi) Ltd for RMB5,600,000 was completed today.

This converts at exchange rate of 6.5289 to A$857,725.

The carrying amount in the accounts of CI Resources Limited is $942,000.

The company's only asset now is its 47.71% controlling interest in Phosphate Resources Limited ("PRL").

The Board is pleased to be focused on the activities of PRL and to assist PRL in its current activities and new activities, including its recent purchase of Cheekah-Kemayan Plantations Sdn. Bhd.

Yours faithfully, David Somerville Chairman $\mathcal L$ l Resources Limited