ABN Newswire

FINANCE VIDEO: White Crane Group Chief Economist Clifford Bennett Presents To Sydney Capital Markets at Investorium.tv

newsroom@abnnewswire.net — Thu, 23 Feb 2012 17:00:00 GMT

FINANCE VIDEO: Clifford Bennett, Chief Economist at White Crane Group presents to Sydney Capital Markets at Investorium.tv. He gives a quick overview of the current global macroeconomic status, forecasting a robust economic growth and strong demand for commodities in 2012.

Clifford believes that the "New First World" - Asia and Latin America - has overtaken the "Old First World" - the United States and the Europe - to drive the global economic growth. The United States no longer leads the economic cycle and the US dollar will continue to devalue. He is confident about the outlook of the Australian resource sector and the European fashion sector, as they have markets in the "New First World".

Clifford says that the media was very pessimistic about the world economy in 2011, resulting in a huge disconnect between sentiment and reality, as the world economy still held strong. Clifford believes that the depressed prices in varied market have created some once-in-a-lifetime investment opportunities. He is very optimistic about the world economy in 2012, predicting a growth of 5% or even higher. He adds that higher Australian dollar value is the product of higher commodity prices and higher demand for commodities, which will remain the main driver of the resource industry.

Clifford Bennett is also the author of Warrior Trading, available at Amazon Online bookstores.

View the Video Presentation at:
http://abnnewswire.net/press/en/71670/White-Crane-Report

The White Crane Group produces daily reports that are available on a subscription.

The Daily White Crane Report:
White Crane daily reports outline advanced macro-economic concepts and views that are entirely original here at White Crane Group. We are world leading in many of our ideas on contemporary economic processes, and we have shown for several years now that we have the ability to turn such economic insights into quantifiable global financial market advantage. This is not new to Clifford Bennett, who has a 25 year track record of making big calls that have shown themselves to be remarkably accurate.

The Daily FxMax Report:
FxMax is a daily report on global currency markets, and includes near term trend signals aimed at delivering strong positive trading results, as well as ahead of the curve macro economic insights. An insightful overview of daily macro events, combined with many years of experience of intra day trading patterns in the different global time zones, contributes to a unique and effective perspective of Fx markets each day. FxMax delivers an original "view", and quantifiable "trading" performance with easy to follow signals across a wide range of currency markets every day.

Samples of both the White Crane Report and the FxMax Daily Report are available at the following link:
http://www.abnnewswire.net/whitecranereport.asp

Clifford Bennett
White Crane Group
Email: enquiry@whitecranegroup.com.au

Asian Activities Report for January 17, 2012: CMMB Vision (HKG:0471) Successful Developed First 6-MHz CMMB Chips for the US and International Market

newsroom@abnnewswire.net — Tue, 17 Jan 2012 12:17:02 GMT

CMMB Vision (HKG:0471) has successfully developed and produced its first 6-MHz CMMB chips for CMMB signal reception designed for the existing US television channel spectrum bandwidth. The standard TV spectrum channel for transmitting CMMB service in China is 8 MHz, while in the Americas a 6 MHz channel is the standard. The new 6 MHz chips will be incorporated into a wide range of existing CMMB products, including smartphones, tablets, USB dongles, mobile TV receivers, and business systems, for CMMB Vision to market its entire product range in the US market.

Poly (Hong Kong) Investments Limited (HKG:0119) announced today that the Group's contracted sales in 2011 amounted to approximately RMB 15.8 billion and the contracted gross floor areas sold were around 2.15 million square metres, representing a year-on-year growth of 39% and 47% respectively. The Group is one of China's prominent property developers, with residential and commercial properties in the cities along Yangtze River Delta and Pearl River Delta as well as in the second-tier cities and provincial capitals.

FamilyMart Co., Ltd. (TYO:8028) says that 200 convenience stores owned by FamilyMart will accept China UnionPay credit cards from January 17th, 2012, and Chinese tourists traveling to Japan can now make payment using UnionPay cards in those stores. FamilyMart rolled out credit card payment service in Japan since November 29th, 2011, covering a total of 8700 stores, of which 200 stores can now accept China UnionPay credit cards.

NEC Corporation (TYO:6701) has signed a contract with SAP (NYSE:SAP) Japan to provide Cloud Computing service - Software as a Service (SaaS) to global users. NEC is Japan's leading provider of technology products and solutions. It creates and provides cloud solutions and services that contribute not only to the field of IT and Networks but also to societal, individual and corporate activities.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Marlin and Associates Adds Industry Veteran and Goldman Sachs (NYSE:GS) Alumnus, Thomas Conigliaro

newsroom@abnnewswire.net — Fri, 6 Jan 2012 09:58:21 GMT

Marlin & Associates ("M&A"), the boutique investment banking and strategic advisory firm, today announced that industry veteran and Goldman Sachs (NYSE:GS) alumnus Thomas V. Conigliaro has joined the firm as a partner. Tom will be based in New York.

For the past eight years, while at Goldman Sachs, Tom led "Hudson Street" and Goldman's investments into (and, in some cases, exits from) firms such as: iSuppli, Lusight, Medley, Trim Tabs, QSG, Pacific Epoch, Wall Street on Demand, and Epocrates (NASDAQ:EPOC). During this period, Tom traveled the world vetting hundreds of companies, meeting key industry players, leading investments, serving on more than a dozen boards, and leveraging his operating experience to advise portfolio companies on ways to improve productivity and performance.

Prior to joining Goldman Sachs in 2003, Tom spent 16 years at Merrill Lynch where, among other things, he ran an independent research and clearing business. This experience provided Tom unique insights into the dynamic needs of investment managers, investment bankers, traders, and operations professionals and the knowledge of what it takes to match those needs with solutions from a myriad of service providers.

"We are fortunate to have attracted Tom to our team," commented Ken Marlin, Founder and Managing Partner of Marlin & Associates. "His combination of real-world operating experience and transactional expertise is a hallmark of our firm. His appointment combined with our strong team and a growing list of global offices, will add to our ability to advise clients seeking to capitalize on worldwide opportunities and help M&A to remain one of the world's leading financial and strategic advisors to U.S. and international firms that provide technology, digital information and healthcare-related products, technology and services."

M&A's team of professionals has advised on more than 200 transactions involving companies that provide information and technology to a wide range of communities including those that serve the banking, capital markets, insurance, marketing and healthcare arenas. The firm is the recipient of numerous awards, including "Middle Market Investment Banking Firm of the Year," "Middle Market Financing Agent of the Year - Equity" and numerous "Deal-of-the-Year" awards, including Corporate and Strategic Acquisition-of-the-Year, Financial Services Deal-of-the-Year, Information Technology Deal-of-the-Year, and Middle Market Deal-of-the-Year.

In December, two transactions on which Marlin & Associates advised were named as part of The M&A Advisor's Special "Deals of the Decade" Celebration.

Marlin & Associates is based in New York City, with offices in Washington, DC; Toronto, Canada; and Hong Kong, China. Marlin & Associates Securities LLC, a wholly-owned subsidiary of Marlin & Associates Holding LLC, is a broker-dealer registered with the Securities and Exchange Commission and is a FINRA/SIPC member firm (www.finra.org).

About Marlin & Associates

Marlin & Associates Holding LLC is a boutique investment banking and strategic advisory firm specializing in acquisitions and divestitures of U.S. and international middle-market firms that provide technology, digital information and healthcare-related products, technology and services. The firm is headquartered in New York, NY and has additional offices in Washington, DC; Toronto, Canada; and Hong Kong, China.

Marlin & Associates Securities LLC, a wholly owned subsidiary of Marlin & Associates Holding LLC, is a broker-dealer registered with the Securities and Exchange Commission and is a FINRA/SIPC member firm (www.finra.org). Investment banking and/or securities are offered through Marlin & Associates Securities LLC.

Marlin has been the recipient of numerous awards, including twice being named "Middle-Market Investment Banking Firm of the Year," as well as the "Middle-Market Financing Agent of the Year -- Equity," and has been recognized for leading multiple "Deals-of-the-Year" Awards including: the "Financial Technology Deal of the Year," the "International Cross-Border Deal of the Year," and the "Middle-Market Financing -- Computer, Technology and Telecommunications Deal of the Year." In December 2011, two transactions on which Marlin & Associates advised were named as part of The M&A Advisor's Special "Deals of the Decade" Celebration.

Marlin's team of professionals have advised on more than 200 transactions involving companies that provide information and technology to a wide range of communities including those that serve the banking, capital markets, insurance, marketing and healthcare arenas. Recent Marlin & Associates clients include Welsh, Carson, Anderson & Stowe; Subserveo (Vancouver, Canada); iSuppli (El Segundo, California); Qatarlyst (Doha, Qatar); SWIFT (Brussels, Belgium); NaviNet (Cambridge, Massachusetts); Deutsche Börse, and NYSE Euronext as well as a large array of firms owned by entrepreneurs, corporations, private equity and venture capital firms worldwide. Further information is at www.MarlinLLC.com

Marlin & Associates
Tel: +1-212-257-6300
Fax: +1-212-223-3138
Email: contact@marlinllc.com

Asian Activities Report for January 4, 2012: LDK Solar (NYSE:LDK) Announces Takeover Offer for Sunways (ETR:SWW)

newsroom@abnnewswire.net — Wed, 4 Jan 2012 12:00:51 GMT

LDK Solar Co., Ltd. (NYSE:LDK), a Chinese solar company has agreed to acquire approximately 33% increased share capital in Sunways AG (ETR:SWW) of Germany for 2.2 million euros. LDK Solar has also offered to take over all outstanding shares in Sunways. Subject to regulatory approvals, the completion of the takeover offer is expected to occur in the first quarter of 2012. After the takeover, Sunways will remain a separate brand and listed on the Frankfurt Stock Exchange.

Mitsui & Co., Ltd. (TYO:8031) says that its joint venture company Galaxy NewSpring Pte. Ltd. will operate two new plants in China - a waste water treatment plant in Chongqing and a water treatment plant in Shandong Province. Galaxy will invest approximately 6 billion yen for the two new operational assets, which are expected to significantly contribute to the development of the regional community and environmental preservation.

Nomura Holdings, Inc. (TYO:8604) has reached an agreement to invest in Jiu You Quan Xing Equity Investment Fund, a private equity fund based in Shanghai. The investment follows Nomura's approval as a Qualified Foreign Limited Partner (QFLP) by the Shanghai municipal government. The QFLP program in Shanghai allows approved foreign investors to convert foreign currency into yuan and directly invest in private equity funds based in Shanghai. Nomura was the first Japanese financial institution to qualify for the program.

Diploma Group Limited (ASX:DGX) has achieved Practical Completion on its Eleven 78 development on Hay Street, West Perth. Eleven 78 is a A$75 million residential building with 128 apartments and two commercial tenancies. Titles for the 130 lots have now issued with settlements expected to commence in the first week of January 2012.

AEON Co., Ltd. (TYO:8267) says that its subsidiary, Petcity Co., Ltd. will be merging with AHB International Inc., a Japanese company which owns and operates pet retail stores and provides pet grooming services. The merger will create the largest pet service company in Japan's rapidly-growing pet beauty care and medical services market, with 165 pet retail stores, 146 pet grooming stores and 49 pet hospitals.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Anglo Australian Resources NL (ASX:AAR) Appoints Mr John Jones as Chairman and Mr Peter Stern as Director

newsroom@abnnewswire.net — Tue, 29 Nov 2011 09:26:53 GMT

Anglo Australian Resources NL (ASX:AAR) wishes to advise that Mr Chris Fyson has retired from the Board in accordance with the Constitution.

Mr John Jones will assume the role of Chairman from now on.

In addition, Dr Denis Clarke announced his retirement from the Company following the AGM.

Mr Fyson has been a Director of the Company since 1985 and the Board thanked him for his long service to the Company which included being Chairman for the past 12 months. Dr Clarke has been a director since 1999 and has acted as the Company's Technical Director during this period.

Mr Jones thanked both Mr Fyson and Dr Clarke for their services to the Company.

The Company is pleased to advise that Mr Peter Stern has been appointed a Director following these changes.

Mr Stern is a graduate of Monash University with a Bachelor of Science degree majoring in geology (1st Class Honours). After completing his degree, he worked for three years as a geologist for Delhi Petroleum.

In 1987, Mr Stern joined Macquarie Bank where he worked for six years as a corporate finance executive. He subsequently held senior positions in corporate advisory for both UBS (NYSE:UBS) and Deutsche Bank (NYSE:DB), both three-year stints. In such roles, he was responsible for many substantial public company transactions in the resources sector.

In 2000, Mr Stern established Metropolis Pty Ltd, a boutique corporate advisory firm that specializes in M&A and capital raisings, with a particular emphasis on the resources sector.

Mr Stern is a Fellow of the Australian Institute of Company Directors.

John Jones
Chairman
Anglo Australian Resources NL
Tel: +61-8-9322-1788

Focus Minerals Limited (ASX:FML) Advise Crescent Gold Limited (ASX:CRE) Board Chagnes

newsroom@abnnewswire.net — Fri, 14 Oct 2011 09:10:33 GMT

Crescent Gold Limited (ASX:CRE) is pleased to advise that Don Taig, Chairman of Focus Minerals Limited (ASX:FML), has joined the Crescent Board, effective immediately.

Focus Minerals successfully completed its off-market takeover of Crescent Gold earlier this month. The offer was strongly supported with 82.5% shareholder acceptance.

Mr Taig has significant mining and executive management experience. He spent 11 years within CRA Ltd's mining businesses both in Australia and overseas and was a director of Metals Exploration Ltd. He has also held a number of senior management roles within the food industry, including as Managing Director of Goodman Fielder's (ASX:GFF) Australian Baking Division; Chief Executive Officer of Bunge Cereal Foods; and Managing Director of Chiquita Brands South Pacific.

Geoff Stanley, Chairman of Crescent Gold said:

"I'd like to personally welcome Don to the Board of Crescent Gold. This is an important step in the process of the integration of our operations and delivering synergies between the two businesses."

Don Taig, Chairman of Focus Minerals said:

"The Laverton Gold Project is a world class mining centre with a very bright future ahead of it. The operations are currently entering an exciting new phase of growth and this is a great opportunity for the management teams of Crescent and Focus to work together to maximise return for shareholders."

Crescent also advises that Simon Grenfell and David Keough have resigned from the Crescent Board. Simon has served as a Non-Executive (Nominee) Director since 6 July 2008, being one of two nominated directors of Deutsche Bank AG (NYSE:DB). His decision to resign follows the transfer of Deutsche Bank's shareholding in Crescent to Focus Minerals due to the recent acquisition of Crescent by Focus. David has served as a Non-Executive Director since 6 June 2007. His decision to resign is a result of a restructuring of the Crescent Board.

The Crescent Board wishes to thank Simon and David for their support over the term of their service.

About Crescent Gold

Crescent Gold Limited is an Australian gold producer operating the Laverton Gold Project, located 250km northeast of Kalgoorlie in Western Australia. The Company maintains a dominant land position of more than 1,200km2 of highly prospective tenements in a world recognised and well-endowed mineralised geological domain. The Company has 26.5Mt of Measured, Indicated and Inferred Mineral Resources that contain more than 2.1Moz of gold, and a Proved and Probable Ore Reserve position of 381,000 ounces (both as at 30 June 2011).

Mark Tory
Managing Director
Crescent Gold
Ph: +61-8-6380-7100

Campbell Baird
Chief Executive
Focus Minerals
Ph: +61-8-9215-7888

Neil Le Febvre
Investor Relations
Focus & Crescent
Ph: +61-8-9215-7888

Asian Activities Report for September 21, 2011: Impact Minerals Limited (ASX:IPT) Updates on Exploration Activities in Botswana

newsroom@abnnewswire.net — Wed, 21 Sept 2011 12:15:52 GMT

Impact Minerals Limited (ASX:IPT) has commenced a major drilling programme at its Botswana Uranium Project. The first results are expected soon and will determine the scope of the drilling programme. The Company has also completed a major airborne magnetic survey over the northern part of the Xade Copper-Nickel-PGE project in central Botswana. The data has been received and a detailed interpretation is in progress.

Cokal Limited (ASX:CKA) has purchased an additional 10% of both the Bumi Barito Mineral and Borneo Bara Prima metallurgical coal projects in Indonesia, bringing Cokal's ownership of the two projects to 60%. The exploration program at the Bumi Barito Mineral project has progressed well, while planning and initial groundwork is well advanced at the Borneo Bara Prima project to enable drilling to commence in the near future.

Manas Resources Limited (ASX:MSR) reported final results from drilling at its 100%-owned Shambesai Gold Project in the Kyrgyz Republic. Two wide intersections of 54m at 2.9 g/t Au and 19m at 1.1 g/t Au were returned. Resource update for Shambesai remains on schedule for release later this month, and Feasibility Study will be completed in the December Quarter.

Tiger Resources Limited (ASX:TGS) provided a production update for August 2011 from its high-grade Kipoi Copper Project in the Democratic Republic of Congo. The plant's maintenance work has finished and the operation is moving steadily towards achieving nameplate production rates and recoveries. It is expected that export sales will commence in October 2011.

Tata Consultancy Services Limited (BOM:532540) has signed a five-year multi-million contract with Deutsche Bank (NYSE:DB) to deliver IT services to the Bank at locations in USA, UK, Germany, Hungary, Philippines, Singapore and India. This will help reduce service complexity and enhance customer experience for the Bank.

Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Focus Minerals Limited (ASX:FML) Offer Goes Unconditional And Payment Terms Accelerated

newsroom@abnnewswire.net — Fri, 19 Aug 2011 09:51:34 GMT

Focus Minerals Limited (ASX:FML), an Australian gold producer, has declared its recommended off-market takeover Offer for Crescent Gold Limited (ASX:CRE) (TSE:CRA) free of all defeating conditions. This means that the Offer is now wholly unconditional.

On 20 June 2011 Focus and Crescent announced that they had agreed to merge by way of an off-market takeover offer for Crescent by Focus. The Offer consideration is 1 Focus share for every 1.18 Crescent Shares. The Offer opened on Thursday 30 June 2011 and will close at 7.00pm (Sydney time) 31 August 2011 (unless extended).

The Focus Offer has the full support of Crescent's major shareholder Gulara Pty Ltd (a wholly owned subsidiary of Deutsche Bank AG (NYSE:DB)), who has provided acceptances for its 28.47% holding. Furthermore Crescent's Directors have all provided acceptances in respect of shares held or controlled by them.

Accelerated Payment Terms

Focus will provide the Offer consideration on an accelerated basis. Crescent shareholders who have already validly accepted the Offer will be issued their consideration shares within 3 business days.

Crescent shareholders who accept the Offer before 7.00pm (Sydney time) on 31 August 2011 will also be issued their consideration shares within 3 business days of their valid acceptance being received.

Crescent shareholders whose shares are acquired by FML after that date (for example pursuant to compulsory acquisition) will receive their consideration shares in accordance with the statutory deadline which are much longer.

Relevant Interest

Focus currently has a relevant interest in Crescent of 66.3%, which would increase to 74.2% if Focus converted up to $13 million worth of Crescent convertible notes, for which approval was given by Crescent's shareholders today (assuming full draw down of the loans by Focus to Crescent, a $0.05 conversion price and full conversion of the one for two free attaching $0.05 options).

Superior Proposal Unlikely To Eventuate

Given the strong control position of Focus, we believe it is unlikely that a superior proposal will eventuate.

The Crescent Board has unanimously recommended that remaining shareholders accept Focus' Offer without delay, in the absence of a superior proposal.

The Board of Focus also advises that if shareholders do not accept the Offer and Focus does not reach compulsory acquisition thresholds (which includes a 90% relevant interest in Crescent) they will remain a minority shareholder in Crescent. The possible implications of being a minority shareholder include:

- Focus being in a position to control the composition of the Crescent Board and senior management, as well as the strategic direction of the company;

- The liquidity of Crescent shares will be significantly reduced as a result of the low free float in Crescent shares thereby exposing shareholders to greater volatility, less institutional support and limited analyst coverage of Crescent;

- If the number of Crescent shareholders is less than that required by the ASX Listing Rules to maintain an ASX listing then the ASX may suspend and / or de-list Crescent. If this occurs shareholders will not be able to sell their Crescent shares on-market and the price which they may be able to obtain for their shares may be reduced as a result.

Acceptance forms have been provided to shareholders. Shareholders who hold their Crescent Shares through CHESS can instruct their broker to accept the Offer on their behalf.

If you have any queries in relation to the Offer, please do not hesitate to contact the Focus Offer information line on 1800 648 622 (toll-free within Australia) or +61 2 8256 3377 (international) between 9.00am and 5.00pm (AEST), Monday to Friday.

Campbell Baird
Chief Executive Officer
Focus Minerals Limited
Ph: +61-8-9215-7888

Mark Tory
Managing Director
Crescent Gold Limited
Ph: +61-8-6380-7100

Neil Le Febvre
Investor Relations
Focus Minerals Ltd
Ph: +61-8-9215-7888

http://www.focusminerals.com.au

Major Crescent (ASX:CRE) Shareholder Accepts Focus Minerals (ASX:FML) Takeover Offer

newsroom@abnnewswire.net — Wed, 10 Aug 2011 09:22:00 GMT

Focus Minerals Limited (ASX:FML) is pleased to announce its relevant interest in Crescent Gold Limited (ASX:CRE) (TSE:CRA) has increased to 62.12% after receiving acceptances from Deutsche Bank (NYSE:DB) for its remaining holding in Crescent.

On 20 June 2011 Focus and Crescent announced that they had agreed to merge by way of an off-market takeover offer for Crescent by Focus. The Offer consideration is 1 Focus share for every 1.18 Crescent Shares, representing a 30.5% premium based on the closing prices of Crescent shares and Focus shares on 17 June 2011, the last trading day prior to the announcement of the Offer. The Offer opened on Thursday 30 June 2011 and has been extended to close at 7.00pm (AEST) 31 August 2011 (unless extended).

The Crescent Board has unanimously recommended that, in the absence of a superior proposal, ALL CRESCENT SHAREHOLDERS SHOULD ALSO ACCEPT THE OFFER. The Crescent Directors have all provided acceptances in respect of shares held or controlled by them in respect of the Offer.

The Offer received the support of Crescent's major shareholder Gulara Pty Ltd (a wholly owned subsidiary of Deutsche Bank AG), which on 17 June 2011 entered into a pre-bid agreement for 19.99%1 of Crescent Shares. Deutsche Bank has now provided acceptances for its remaining 8.48% holding.

Acceptance forms have been provided to shareholders. Shareholders who hold their Crescent Shares through CHESS can instruct their broker to accept the Offer on their behalf.

If you have any queries in relation to the Offer, please do not hesitate to contact the Focus Offer information line on 1800 648 622 (toll-free within Australia) or +61-2-8256-3377 (international) between 9.00am and 5.00pm (AEST), Monday to Friday

Campbell Baird
Chief Executive Officer
Focus Minerals Ltd
Ph: +61-8-9215-7888

Mark Tory
Managing Director
Crescent Gold Limited
Ph: +61-8-6380-7100

Neil Le Febvre
Investor Relations
Focus Minerals Ltd
Ph: +61-8-9215-7888

http://www.focusminerals.com.au

Focus Minerals Limited (ASX:FML) Increased Relevant Interest over 50% in Crescent Gold Limited (ASX:CRE)

newsroom@abnnewswire.net — Wed, 3 Aug 2011 09:28:00 GMT

Focus Minerals Limited (ASX:FML) is pleased to announce it has received acceptances for its takeover representing a majority of the issued shares of Crescent Gold Limited (ASX:CRE) (TSE:CRA). Focus' relevant interest in Crescent has increased to 51.32%, which now places Focus in a very strong position with the prospect of a rival offer emerging considered very low.

Focus has advanced $6 million of the $10 million working capital facility and further drawdowns are scheduled to be advanced in early August. The loan is repayable in full in the event the shareholders do not approve the conversion of the loan at the shareholders meeting on 18 August 2011 and also in the event that a superior proposal concludes.

On 20 June 2011 Focus and Crescent announced that they had agreed to merge by way of an off-market takeover offer for Crescent by Focus. The Offer consideration is 1 Focus share for every 1.18 Crescent Shares, representing a 30.5% premium based on the closing prices of Crescent shares and Focus shares on 17 June 2011, the last trading day prior to the announcement of the Offer. The Offer opened on Thursday 30 June 2011 and closes on 15 August 2011 (unless extended).

The Crescent Board has unanimously recommended that, in the absence of a superior proposal, ALL CRESCENT SHAREHOLDERS SHOULD ALSO ACCEPT THE OFFER. The Board members have all provided acceptances in respect of shares held or controlled by them in respect of the Offer.

The Offer also has the explicit support of Crescent's major shareholder Gulara Pty Ltd (a wholly owned subsidiary of Deutsche Bank AG (NYSE:DB)), which on 17 June 2011 entered into a pre-bid agreement for 19.99% of Crescent Shares. Deutsche Bank has also informed Crescent that its intention is to accept the Focus offer for its remaining 8.54% holding no later than five days prior to the end of the Offer period, subject to there being no superior proposal.

Acceptance forms have been provided to shareholders. Shareholders who hold their Crescent Shares through CHESS can instruct their broker to accept the Offer on their behalf.

If you have any queries in relation to the Offer, please do not hesitate to contact the Focus Offer information line on 1800 648 622 (toll-free within Australia) or +61-2-8256-3377 (international) between 9.00am and 5.00pm (AEST), Monday to Friday.

Campbell Baird
Chief Executive Officer
Focus Minerals Ltd
Ph: +61-8-9215-7888

Mark Tory
Managing Director
Crescent Gold Limited
Ph: +61-8-6380-7100

Neil Le Febvre
Investor Relations
Focus Minerals Ltd
Ph: +61-8-9215-7888

http://www.focusminerals.com.au