MARKET UPDATE: SIGNIFICANT HIGH-GRADE INTERCEPTS FROM RECENT UNDERGROUND AND SURFACE DRILLING

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1 ASX Release 16 th February 2010 MARKET UPDATE: SIGNIFICANT HIGH-GRADE INTERCEPTS FROM RECENT UNDERGROUND AND SURFACE DRILLING EXCELLENT START TO QUARTER WITH APPROXIMATELY 14,500 OUNCES PRODUCED TO-DATE HIGHLIGHTS Latest rund f undergrund diamnd drilling at Empress delivers high-grade intercepts utside f the reserve with best result f: 9.31g/t Au (including 130g/t Au) Maiden Fcus Minerals Indicated and Inferred Resurce cmpleted fr the Tindals depsit: 3.7g/t Au fr 21,600 unces Recent explratin drilling results at the greater Tindals Mining Centre cntinue t reward the Cmpany s aggressive explratin strategy. Highlights frm recent drilling included: 5.77g/t and 10.94g/t at Ckes; 3.59g/t at Dreadnught; and 5.55g/t, 17.29g/t and 15.81g/t at Empress/Alicia. Gld prducer Fcus Minerals (ASX: FML) is pleased t prvide an update n peratins at the Cmpany s Clgardie Gld Prject, including significant high-grade gld intersectins frm the current rund f drilling within the Tindal s Mining Centre, Clgardie. Drilling cntinues bth undergrund and at surface as part the Cmpany s aggressive resurce definitin, extensinal and explratin prgrams aimed at defining new mineral depsits and extending existing resurce and reserve inventries. The mst recent tll milling campaign (number 10) cncluded at Greenfields n Sunday, 14 February, with apprximately 9,000 unces prduced. In additin, Fcus has als prduced apprximately 5,500 unces frm the Three Mile Hill mill, delivering ttal gld prductin fr the 2010 calendar year t date f apprximately 14,500 unces.

2 Undergrund Drilling - Empress At Empress, undergrund drilling has returned excellent results including a high-grade dwn-hle intercept f 9.31g/t (including 0.55m at g/t). Imprtantly, the high-grade intersectin is utside f the current Reserve and is ver 50 metres belw the current Empress wrkings. The nging success f drilling utside the current Empress Reserve pints t a cntinual grwth in the Resurce and Reserve base at the Tindals Mining Centre. Surface Drilling While explratin drilling undergrund early in the year was fcused at Empress, the Cmpany als cnducted Reverse Circulatin (RC) surface drilling at the Empress/Alicia, Ckes and Dreadnught depsits with high grade intercepts including: 5.77g/t frm 57.82m and 10.94g/t frm 53.45m at Ckes; 3.59g/t frm 26m at Dreadnught; 5.55g/t frm 45m and 17.29g/t frm 1m and 15.81g/t frm 37m at Empress/Alicia. Of particular nte were the relatively shallw nature f the abve intercepts, which will enhance the prject ecnmics f the depsits as they are cnverted t Reserves in the future. A full tabulatin f the 33 hles drilled since mid December a prvided in Appendix 1. The intercept f 3.59 frm 26m frm the Dreadnught depsit resulted frm a hle planned t test metallurgy and is within the current pit design. This result cmpares very favurably t the current Reserve grade f 1.8g/t (recently released in the December 2009 Quarterly Reprt). Tindals Resurce Wrk cntinues n the cnversatin f Resurces t Reserves at the Tindals Mining Centre and during the mnth f January, Fcus was able t cmplete a maiden Fcus Minerals Resurce fr the actual Tindals depsit. A small amunt f drilling has been nging at Tindals in cnjunctin with the drilling at Cuntess and Empress. The Tindals re bdy was histrically mined as a series f undergrund shafts befre being transfrmed int an pen pit peratin t a depth f 90 metres. The mine eventually returned t an undergrund peratin, clsing in 2005 with the last level prducing ver 80,000 tnnes at 3.24g/t fr 9,100 cntained unces. Validatin f the histrical data, cmbined with recent interpretatins and cmpilatin f histric survey infrmatin, has prvided cnfidence in the histrical data. This has resulted in an initial small resurce estimate fr the next 100 metres vertical and apprximately 200 metres alng strike (Figure 1). There remains significant upside belw and alng strike f this resurce which will be tested by drilling and cntinual evaluatin f existing and new data with access t the flded levels nearly cmplete pending cmpletin f current dewatering prgramme. The new resurce at Tindals is 3.7g/t fr apprximately 21,600 cntained unces ( Table 1).

3 Table 1 Tindals Resurce (Reprted at a 2g/t lwer cut-ff) Lde Tnnes Au g/t Ounces West 45, ,200 Indicated East 54, ,700 Sub-Ttal Indicated Resurce 99, ,900 West 7, ,000 Inferred East 76, ,700 Sub-Ttal Inferred Resurce 83, ,700 Tindals Reserve Ttal Resurce 182, ,600 A Maiden Prbable Reserve fr Fcus Minerals f 3.2g/t fr 7,000 unces has been generated fr the Tindals re bdy. The Tindals re bdy sits apprximately 50m t the East f the Cuntess re bdy and will be accessed by extending the Cuntess crss cut. The decline is already shared between Cuntess and Empress and the additin f Tindals will be achieved fr little additinal capital expenditure. The Tindals rebdy will be the furth t be mined undergrund by Fcus at the Tindals Mining Centre and will add further benefits f scale and flexibility t an already rbust peratin. Figure 1: Tindals Lng Sectin

4 Summary Fcus Chief Executive Officer, Mr Campbell Baird, said the drilling results were immensely exciting particularly thse cming frm the surface drilling: The drilling results t date have cnfirmed that ur existing depsits have significant ptential fr additinal Resurces and Reserves, said Mr Baird. The new Resurce and Reserve update at the Tindals depsit at the Tindals Mining Centre is als very pleasing and shws that in many areas further drilling will unlck the wealth that is present here in Clgardie said Mr Baird. Mr Baird als said it has als been very pleasing t get the year ff t a running start with the milling campaign at Greenfields in cmbinatin with the first prductin frm Three Mile Hill. This is a particularly exciting time fr Fcus Minerals and with mre drilling planned and the recent cmmissining f the Three Mile Hill Gld Plant earlier this mnth, 2010 is shaping up t be a very active year, he added. ENDS On behalf f: Released by: Nichlas Read/Jasn Cunningham Campbell Baird, CEO Read Crprate Fcus Minerals Ltd Telephne: (+61-8) Telephne: (+61-8) Web: COMPETENT PERSON S STATEMENT The infrmatin in this reprt relating t Resurces is based n wrk supervised by Dr Garry Adams wh is a member f the Australasian Institute f Mining and Metallurgy (AusIMM). Dr Adams has the relevant experience as a Cmpetent Persn as defined in the 2004 editin f the Australasian Cde fr Reprting f Mineral Resurces and Ore Reserves in relatin t the mineralisatin being reprted. Dr Adams is Explratin Manager f Fcus Minerals Ltd and cnsents t the inclusin f the material in the frm and cntent in which it appears. The infrmatin in this reprt that relates t Undergrund Ore Reserves is based n infrmatin cmpiled by Mr Bradley Valiukas, wh is a Member f The Australasian Institute f Mining and Metallurgy. Mr Valiukas has sufficient experience which is relevant t the style f mineralisatin and type f depsit under cnsideratin and t the activity which he is undertaking t qualify as a Cmpetent Persn as defined in the 2004 Editin f the Australasian Cde fr Reprting f Explratin Results, Mineral Resurces and Ore Reserves. Mr Valiukas cnsents t the inclusin in the reprt f the matters based n his infrmatin in the frm and cntext in which it appears. BACKGROUND INFORMATION FOCUS MINERALS LTD Fcus Minerals Ltd (ASX: FML) is an Australian-based explratin and develpment grup whse fcus is t becme a significant gld and nickel prducer in the Clgardie-Kalgrlie-Widgiemltha regin f Western Australia. Fcus Minerals is the largest landhlder in the Clgardie Gld Belt lcated in Western Australia, 560km east f Perth and 35km west f the Super Pit in Kalgrlie-Bulder. Mre than 2.6 millin unces f gld has been prduced frm

5 the Clgardie gld belt alne since Fcus hlds the mineral rights t mre than 210sq km f tenements including an extensive inventry f Measured, Indicated and Inferred gld resurces as well as the 1.2mtpa Three Mile Hill prcessing plant. Appendix 1 Table 1 Empress Diamnd Drill Results. Hle Number Nrthing Easting RL Azimuth Dip Ttal Depth EMXP Table 2 Ckes RC and Diamnd Drill Results. Hle Number Nrthing Easting RL Azimuth Dip Ttal Depth TNDCD Frm T Interval Grade g/t Frm T Interval Grade g/t TNDC TNDCD TNDCD0147A TNDC N significant intercept

6 Table 3 Dreadnught RC Drill Results. Hle Number Nrthing Easting RL Azimuth Dip Ttal Depth Frm T Interval Grade g/t TNDC TNDC N significant intercept TNDC TNDC Table 4 Empress/Alicia RC Drill Results. Hle Number Nrthing Easting RL Azimuth Dip Ttal Depth TNDC TNDC TNDC TNDC Frm T Interval Grade g/t TNDC TNDC TNDC

7 TNDC N significant intercept TNDC TNDC TNDC TNDC TNDC0104A TNDC TNDC TNDC TNDC N significant intercept TNDC TNDC TNDC TNDC TNDC TNDC N significant intercept

8 Appendix 2 Resurce Summary 31 st January 2010 Big Blw Brilliant Prspect Classificatin Tnnes OPEN PITS Grade (g/t) Cntained Ounces Indicated 279, ,900 Inferred 94, ,500 Indicated 1,928, ,400 Inferred 1,146, ,800 Ckes Inferred 86, ,300 Dreadnught Indicated 3,024, ,400 Inferred 435, ,600 Empress/Alicia Inferred 875, ,800 Friendship Inferred 100, ,600 Greenfields Indicated 1,386, ,500 Inferred 138, ,300 Happy Jack Inferred 198, ,900 Hillside Inferred 672, ,900 Lrd Bb Inferred 820, ,200 Lindsays Indicated 4,350, ,800 Inferred 1,490, ,600 King Slmn/Queen Sheba Inferred 1,400, ,000 Nrris - Grsmnt Inferred 1,050, ,000 Cuntess Ttal Indicated Resurce - Open Pits 10,967, ,000 Ttal Inferred Resurce - Open Pits 8,504, ,500 Ttal Resurce - Open Pits 19,471, ,281,500 UNDERGROUND Measured 80, ,500 Indicated 320, ,800 Inferred 127, ,800 Cyanide Inferred 367, ,400 Empress Indicated 175, ,800 Inferred 15, ,600 The Munt Inferred 2,090, ,600 Perseverance Tindals Indicated 349, ,700 Inferred 54, ,900 Indicated 99, ,900 Inferred 83, ,700 Ttal Measured Resurce - Undegrund 80, ,500 Ttal Indicated Resurce - Undergrund 943, ,200 Ttal Inferred Resurce - Undergrund 2,736, ,000 Ttal Resurce - Undergrund 3,759, ,700 Ttal Measured & Indicated Resurce 11,891, ,800 Ttal Inferred Resurce 11,157, ,051,800 Grand Ttal 23,048, ,894,600

9 Appendix 3 Reserve Summary as at 12th February 2010 Undergrund Reserves: Tnnes: Grade: Ounces: Prven: Perseverance: 74, ,700 Sub Ttal: 74, ,700 Perseverance: 90, ,600 Cuntess: 287, ,700 Prbable: Empress: 179, ,100 Tindals: 68, ,000 Sub Ttal: 623, ,500 Ttal: 698, ,200 Surface Reserves: Tnnes: Grade: Ounces: Greenfields: 1,101, ,900 Prbable: Big Blw: 63, ,500 Dreadnught Nrth: 54, ,100 Ttal: 1,218, ,500 Ttal Reserves: Tnnes: Grade: Ounces: 1,915, ,600 Surface Stcks: Tnnes: Grade: Ounces: 104, ,500 Reserves and Stcks: Tnnes: Grade: Ounces: 2,019, ,000 Ntes: Tindals Reserve is current with this release. Surface Stcks are at 31st January 2010 All ther Reserves are as f 31st December 2009

10 Ntes t accmpany the Mineralised Resurce Statements The ntes belw are fr the maiden Tindals Resurce which has nt been previusly released t the ASX. Tindals is hsted within tightly flded silica altered ( bleached ) dirite intrusins within an ultramafic sequence. The Tindals East and West Ldes are vertical and nrth-suth striking. They start t bend arund t the NNW in the nrthern extent f the resurce. Width range f these tw ldes is 2m t 12m. Dwn dip they are prly defined by the current drilling and ptential fr dwn dip extensin is gd. In all ldes, mineralisatin cnsists f quartz/sulphide micr-veinlets, disseminated pyrrhtite and albitic alteratin f the dirites. N visible gld has been seen at Tindals in recent drill cre. The resurce at Tindals is a result f drilling cmpleted up t the December 2009 Quarter and a new gelgical interpretatin beneath the histrical Tindals wrkings after a review f the histrical drilling which has als been intersected by new drilling. The interpretatin was then used t create the resurce mdel fr the depsit. Drilling Infrmatin The Tindals Resurce was calculated frm a ttal f 163 Diamnd hles fr a ttal f 21,641.15m. Drill spacing is generally 25m x 25m in the indicated resurce area, which widens t 40m x 40m in the inferred resurce areas. Grade cntrl face and wall sampling and sludge drilling were nly used t guide the creatin f the re wireframes and were nt used as part f the estimatin r statistical wrk. The drill hles have either been dwn hle surveyed by Eastman single-sht camera, Reflex Ezi-sht, electrnic multi-sht (EMS) r gyrscpe methds. All drill hles that were surveyed at Tindals was dne s in Tindals Mine Grid crdinates and have subsequently been cnverted t GDA94 c-rdinates. All drilling has been lgged (lithlgy, alteratin, structure, veining and mineralisatin) in detail and stred in electrnic databases after being validated. Diamnd cre is sampled t gelgical bundaries fr the Fcus drilling, and t a cmbinatin f gelgy r metre intervals fr pre-fcus drilling. The cre was cut in half, with nly half submitted fr assaying. All samples (Fcus and pre-fcus drilling) have been assayed using the Fire Assay methd at Analabs, ALS Chemex r Kalgrlie Assay Labratry in Kalgrlie. Fr drilling since 2006 a 30g Fire Assay with AAS finish was used at ALS Chemex, while a 40g Fire Assay with ICP-MS finish methd at the Kalgrlie Assay Labratries. Check assaying f sample pulps and quarter cre was cnducted at Genalysis Labratry in Perth fr independent auditing f the assaying prcess. Gelgical Mdel The gelgical interpretatin (gelgy and mineralisatin) and the resurce estimatin were cnducted internally. The mineralised interpretatin at Tindals was digitised t either gelgical bundaries r a nminal 1g/t cut-ff grade where the gelgical cntact was bscure. N mining dilutin has been incrprated int the resurce interpretatin, althugh sme lw grade znes (<1g/t) have been included t allw fr cntinuity f the interpretatin. Samples within individual wireframes at were cmpsited t 1m intervals. The cmpsites were used t determine the necessary tp cuts which were dne by a cmbinatin f Skree Plt and Prbability Plt analysis. Fr Tindals East and West Ldes the tp cut value was 32g/t Au. A Surpac blck mdel was created in GDA grid c-rdinates. The estimatin was cmpleted using the Ordinary Kriging (OK) methd. A bulk density f 2.75t/m 3 was applied t all re blcks. This is an average value based n values determined frm test wrk cnducted n recent Fcus diamnd drill cre and is a value that is in line with dirite units elsewhere in the Clgardie regin.

11 The reprted grades, tnnages and cntained unces are runded t apprpriate levels f precisin in accrdance with the recmmendatins f the JORC cde. The Cuntess Tindals Resurce has been reprted at a 2g/t lwer cut-ff grade and is depleted by using the histrical vid mdels fr Tindals undergrund and the mre recent vid shapes fr Cuntess as mined by Fcus. Ntes n Undergrund Ore Reserves All reserves are a subset f the reprted resurces, that is; the resurces are nt in additin t the re reserves. Tables are subject t runding f significant figures. Tindals The estimated prbable reserve is based n the resurce mdel tabled in this ASX release. The Tindals reserve has been cnsidered as an nging extensin f the current mine and has been assessed against existing cst structures. Cut ff grades were determined using variable unit csts fr and a final cut ff f 2g/t was used fr inclusin r rejectin f stping blcks. Develpment has been included as required t access stping blcks. New develpment assumes 4.5m wide x 4.5m high re drives with 11% dilutin and 99% recvery (assumed mined result is 110% f tnnes at 90% f grade fr 99% f metal). Mining methd has been assumed t be lng hle pen stping as is currently ccurring elsewhere in the mine and as ccurred previusly n the Tindals re bdy. A planed dilutin f ne meter r greater has been applied t stping blcks depending n the cmbinatin f interpreted re shape and practical stping shape. A further 5% f unplanned dilutin has been applied subsequent t the design prcess and it assumed that 95% f stped material is recvered (assumed mined result is 100% f tnnes at 95% f grade fr 95% f metal).