Press Releases

Perth, Aug 3, 2009 (ABN Newswire) - Exco Resources Limited (ASX:EXS)(PINK:EXRSF) is an Australian focused ASX listed mining company (ASX: EXS) that has been operating since 1998. Exco focuses on resource and project development through its team of experienced geologists, engineers and commercial specialists. The Company has a dual focus on developing both the Cloncurry Copper Project (CCP) in north-west Queensland, and the White Dam Gold Project in South Australia.

In north-west Queensland Exco holds a large (>4,100km2), strategically located and highly prospective land package, centered in the Cloncurry region that hosts established large scale mining operations such as Xstrata's Ernest Henry Mine. Exco has established a substantial 57Mt resource base in north-west Queensland containing more than 495,000t of copper and 480,000oz of gold. Magnetite is abundant in the deposits (>12Mt) and recoverable. Uranium is also prevalent throughout the resource.

The Cloncurry Copper Project (CCP) comprises numerous tenements and mining leases, which host the flagship E1 Camp, Monakoff and Great Australia deposits. Resources delineated for the project to date total 51Mt, containing 425,000 tonnes of copper and 373,000 ounces of gold, with further exploration upside. Exco is currently completing a Definitive Feasibility Study (DFS) on the project. The DFS will focus on an operation treating 2.5 to 3Mtpa through a concentrator facility located at the E1 Camp. In conjunction with the DFS, an Environmental Impact Study (EIS) is also underway in support of the approvals process for the project.

In South Australia Exco is currently developing the White Dam Project in a 75:25% joint venture partnership with Polymetals Group Pty Ltd. The project has a resources base of 10.12Mt containing 338,000oz of gold. Approvals are now in place for a 2Mtpa dump leach operation that is expected to yield in excess of 120,000oz of gold over a two and a half year period. Subject to finalising finance arrangements during the current calendar quarter (Q3/2009), the JV partners anticipate that the project will commence construction, with first gold production scheduled by early 2010. Near mine exploration and resource potential is expected to ultimately increase overall production and with estimated operating costs of only ~A$600/oz, the project has the potential to deliver significant cash flows.

In addition to these projects, Exco has a number of exploration joint ventures in Queensland with major companies including Xstrata, BHP Billiton and Ivanhoe Mines. These JVs are managed by Exco's partners, creating additional development options, and allowing the company to maintain its primary focus on the CCP and White Dam Gold Project.

The Board and management, backed by the Company's major shareholders, including Ivanhoe Mines and the Lion Selection Group, are committed to unlocking value from this highly prospective portfolio of projects.

For the complete Exco Resources Information Memorandum, please click the link below:

http://www.abnnewswire.net/media/en/docs/61178-ASX-EXS-455433.pdf

Contact

Michael Anderson Managing Director Phone +61-8-9211-2000