Barclays PLC

Insto's Foreign Exchange Conference 2009 will be held at Sydney's Westin Hotel on Tuesday 10th of November. Registration is free for all institutional funds and corporate representatives along with all subscribers to Insto.

Exco Resources Limited (ASX:EXS)(PINK:EXRSF) White Dam Gold Project is located in South Australia; approximately 80kms west of Broken Hill. The project is a joint venture between Exco and Polymetals Group Pty Ltd (Polymetals). Polymetals have acquired a 25% interest and will manage the implementation and operation of the project.

Exco Resources Limited (ASX:EXS)(PINK:EXRSF) together with its joint venture partner Polymetals Group Pty Ltd (Polymetals) have completed the arrangements for a debt financing facility of A$16M for the construction and commissioning of the White Dam Gold Project Joint Venture in South Australia with Barclays Capital (Barclays).

Exco Resources Limited (ASX:EXS)(PINK:EXRSF) together with its joint venture partner Polymetals Group Pty Ltd (Polymetals) are pleased to announce that they have today mandated Barclays Capital (Barclays)(LON:BARC) to act as arranger of a debt financing facility of up to A$16M for the construction and commissioning of the White Dam Gold Project Joint Venture in South Australia.

Overnight US stocks plummeted for a second day with a 4.85% drop as global markets plunged on fears of a deep worldwide recession. Yesterday the 150 basis points interest rate cut of Britain also surprised the market. Economists and analysts questioned the need for such a big cut and believe the economy must be in seriously risk with more dangers ahead. Investors ignored big interest rate cuts in Europe to send markets into steep falls overnight. The key Asian indicators also dropped more than 6.5 percent and wiping out much of the previous rally that had preceded the presidential election in the United States.