• Half-year pre-tax profit expected to be a record $6.2m
• EBITDA up 51% to $14.6m
• On track to produce from two new mines in next 3 months
• Approvals received to start drilling at Treasure Island

Focus Minerals (ASX: FML) is pleased to advise that it expects to report a 27.7% increase in pre-tax

profit to $6.2 million for the six months to December 31,2010.

The record result stems from strong gold production of 36,339oz, which underpinned revenue of $48.9

million. It is a significant increase from 21,841 ounces produced and $23.0 million of revenue recorded

in the previous corresponding period of 2009.

Focus advises that this profit guidance is unaudited and has been based on draft financial accounts

which are subject to the completion of the Group’s financial audit review, currently in progress. Table 1

provides an unaudited summary of Focus’ key financial and operating performance for the 2010 and

2009 half-yearly periods.

Focus Chief Executive Campbell Baird said the results reflected the Company’s solid production and

strong cash flow – attributes which positioned the company for further growth.

“Focus is now a significant mid-tier gold producer with robust cash flow, a 2.2 million ounce Resource

Inventory, the 1.2 million tonne per annum gold plant and immense exploration upside,” Mr Baird said.

“The Company is now ideally positioned for the next stage of growth, which will see a significant

increase in production with the high-grade mine at The Mount commencing production of Ore in March

as well as a series of new open pits at the Tindals Mining Centre commencing production starting in

April”.

March will also see Focus start drilling at its highly prospective Treasure Island project, situated at Lake

Cowan on the southern end of the Boulder-Lefroy fault. The Company has recently received approvals

for this program.

Treasure Island has already delivered some exceptional results from surface rock chip sampling, with

grades as high as 59g/t over outcropping strikes of more than 200 metres in several areas.

“Treasure Island has one of the best addresses in Australian gold mining so we are eagerly awaiting

the commencement of this exploration program,” Mr Baird said.