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ASX Announcement 2 April 2013

Chaketma Phosphate Project: Drilling results continue to outperform

Scoping Study assumptions

Highlights:

Drilling and trenching at four prospects increases confidence

in grade and thickness of mineralisation.

Significant potential for expansion of maiden JORC Resource -

currently only considers one prospect.

Average seam thickness and strip ratios are better than

Scoping Study assumptions.

Celamin Holdings NL (ASX: CNL, “Celamin,” “the Company”) is pleased

to announce the latest set of drilling and trenching results for the

Chaketma Phosphate Project, located in Tunisia. Celamin continues to

advance exploration of the project with local partner, Tunisian Mining

Services SARL.

The latest set of results encompasses 21 diamond core drill holes and

eight trenches across four prospects. Notable down-hole intersections

include:

Diamond drilling:

CHDD-2012-68: 41.65m @ 20.84% P205 (Kef El Louz)

CHDD-2013-70: 39.55m @ 21.35% P205 (Kef El Louz)

CHDD-2012-57: 28.45m @ 22.01% P205 (Kef El Louz)

CHDD-2012-64: 27.90m @ 21.05% P205 (Gasaa El Kebira)

CHDD-2012-50: 26.40m @ 21.51% P205 (Kef El Louz)

Trenching:

CHT006: 28.00m @ 21.98% P205 (Sidi Ali Ben Oum Ezzine)

CHT084: 27.00m @ 19.84% P205 (Gassa El Kebira)

CHT009: 23.00m @ 22.08% P205 (Sidi Ali Ben Oum Ezzine)

CHT083: 14.00m @ 23.56% P205 (Gassa El Kebira)

Metallurgical test-work also provides encouraging results. Interim results are presently being collated to enable

an announcement to be made shortly.

Celamin has also begun to recruit people for key positions in order to execute a bankable feasibility study for the

Chaketma Phosphate project.

ACN 139 225 771 ABN 82 139 255 771

Level 4, 100 Albert Road South Melbourne VIC 3205

Phone: +61 (0)3 9692 7222 Fax: +61 (0)3 9077 9233 info@celamin.com

Board of Directors

Andrew Thomson, Non-Exec

Chairman

David Regan, Managing Director

Russell Luxford, Executive Director

Martin Broome, Non-Exec Director

Gary Scanlan, Non-Exec Director

Company Secretary

Melanie Leydin

Securities on Issue

CNL: 155,371,986 ordinary shares CNLOA: 75,984,913 options expiring 28 June 2013 CNLO: 25,358,026 options expiring 31 March 2014

CNLCA: 14,887,796 partly paid shares

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Diamond drilling was undertaken at the Kef El Louz, Oued Hamouda, Gasa El Kebira and Sid Ali Ben Oum Ezzine

prospects. The full set of laboratory assay results are outlined in Table 1. Trenching activity was undertaken at the

Sidi Ali Ben Oum Ezzine and the Gassa El Kebira prospects. The full set of laboratory results is outlined in Table 2.

Diamond drilling results:

Table 1: Recent diamond drilling intercepts from Chaketma Permit Area

Table 1: Recent Drilling Intercepts from Chaketma Permit Area

Drill Hole From (m) To (m) Intercept (m) P2O5% CaO% Prospect

CHDD-2012-049 Faulted SIdi Ali Ben Oum Ezzine

CHDD-2012-050 62.60 89.00 26.40 21.51 41.32 Kef El Louz

CHDD-2012-051 Faulted SIdi Ali Ben Oum Ezzine

CHDD-2012-052 48.70 62.40 13.70 21.71 42.00 Kef El Louz

CHDD-2012-054 51.00 63.95 12.95 22.95 43.27 Kef El Louz

CHDD-2012-056 43.70 45.05 1.35 20.83 44.17 Kef El Louz

CHDD-2012-057 48.25 76.70 28.45 22.01 41.59 Kef El Louz

CHDD-2012-058 24.80 25.80 1.00 16.48 38.55 Kef El Louz

CHDD-2012-059 43.10 48.65 5.55 20.95 42.92 Kef El Louz

CHDD-2012-060 39.10 45.10 6.00 19.82 41.31 Kef El Louz

CHDD-2012-061 136.30 146.30 10.00 19.77 39.73 Gasaa El Kebira

CHDD-2012-062 52.50 56.00 3.50 16.24 39.93 Kef El Louz

CHDD-2012-063 70.00 80.30 10.30 20.25 40.41 Gasaa El Kebira

CHDD-2012-064 75.50 103.40 27.90 21.05 40.90 Gasaa El Kebira

CHDD-2012-065 45.10 52.00 6.90 16.65 39.10 Oued Hamouda

CHDD-2012-066 59.05 72.30 13.25 18.85 40.57 Oued Hamouda

CHDD-2012-067 8.90 30.80 21.90 20.12 41.43 Kef El Louz

CHDD-2012-068 20.45 62.10 41.65 20.84 40.68 Kef El Louz

CHDD-2013-069 No Intercept (not sampled ) Kef El Louz

CHDD-2013-070 31.50 71.05 39.55 21.35 41.46 Kef El Louz

CHDD-2013-071 28.10 29.10 1.00 10.23 36.65 Kef El Louz

Note: Intercept lengths are measured down-hole.

Thickness of phosphate mineralisation in the 21 diamond drill holes ranges from 1.00m to 41.65m, at depths

between 8.90m and 136.30m (excluding holes 49, 51 and 69 where fault zones were encountered or

mineralisation was not intercepted).

The diamond drill holes completed at the Kef El Louz prospect yielded a number of excellent results. Five

holes intercepted greater than 20m down-hole, with over 20% P2O5 average grade over the intercept:

- Hole 68 with 41.65m @ 20.84% P2O5 (0.5:1)

- Hole 70 with 39.55m @ 21.35% P2O5 (0.8:1)

- Hole 57 with 28.45.00m @ 22.01% P2O5(1.7:1)

- Hole 50 with 26.40m @ 21.51% P2O5(2.4:1)

- Hole 67 with 21.90m @ 20.12% P2O5(0.4:1)

NOTE: Results are based on 10% P2O5 cut-off & low waste to ore ratios (from 0.4:1 to 2.4:1)

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These results increase confidence in the grade and thickness of mineralisation over the existing Kef El Louz

resource area (see Figure 2) and confirm existence of mineralisation to the south, which could lead to future

expansion of the Kef El Louz Mineral Resource.

Drilling assays for the Gassaa El Kebira Prospect are also very encouraging, with an intercept in Hole 64

measuring 27.90m of phosphate at an average grade of 21.05% P2O5 and a waste to ore ratio of 2.7:1.

Gassaa El Kebira is now covered by a regular exploration pattern of drill holes and trenches in preparation for

future resource estimation (see Figure 4).

NOTE: Gassaa El Kebira was not included in the maiden Inferred JORC Resource announced 9 November 2012.

Two holes were drilled at the Oued Hamouda Prospect and both intersected phosphate mineralisation. Notably,

Hole 66 intersected 13.25 m @ 18.85% P2O5 (4.45:1 waste to ore ratio).

Trenching results:

Assay results were received for a total of eight trenches – five at the Sidi Ali Ben Oum Ezzine prospect and three

at the Gassa El Kebira (see Table 2 and Figures 3 & 4). These trenches were also channel sampled. Trenching and

channel sampling at these locations has been an ongoing activity.

Table 2: Recent Trenching Results

Trench Length P2O5% CaO% Prospect

CHT006 28.00 21.98 41.91 Sidi Ali Ben Oum Ezzine

CHT007 10.00 18.91 39.68 Sidi Ali Ben Oum Ezzine

CHT008 8.00 23.29 43.69 Sidi Ali Ben Oum Ezzine

CHT009 23.00 22.08 41.94 Sidi Ali Ben Oum Ezzine

CHT010 6.00 22.64 43.22 Sidi Ali Ben Oum Ezzine

CHT083 14.00 23.56 47.24 Gassa El Kebira

CHT084 23.00 21.75 44.65 Gassa El Kebira

CHT085 12.00 17.58 47.45 Gassa El Kebira

Sampling and laboratory analysis:

The sampling and analytical methodologies remain identical to those detailed in the Kef El Louz maiden JORC

resource announcement, announced 9 November 2012 and available on the Australian Securities Exchange

(ASX) website (http://www.asx.com.au/asxpdf/20121109/pdf/42b2p3zc2hh8gf.pdf)

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Figure 1: Chaketma Phosphate Project area showing all six prospects

Figure 2: Kef El Louz drilling and trenching activity to date

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Figure 3: Sidi Ali Ben Oum Ezzine drilling and trenching activity to date

Figure 4: Gassaa El Kebira drilling and trenching activity to date

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Background

Celamin and its local partner Tunisian Mining Services SARL (“TMS”) continue to advance the Chaketma

Phosphate Project in Tunisia. The Chaketma Project Scoping Study announced on 14 August 2012, delivered

positive results, including robust project economics.

The Scoping Study emphasised the need to identify additional areas of high-grade phosphate with good

metallurgical properties at a low strip ratio. To this end, drilling activity at the Chaketma Project continued to

focus on the northern end of the Kef El Louz prospect. A Maiden JORC Inferred Resource was announced on 9

November 2012. Trenching is also being conducted at the other prospects at Chaketma, ahead of future drilling

campaigns. A geophysical programme is also underway to assist in the delineation of the extent of

mineralisation and discontinuities.

Metallurgical test-work is continuing to provide encouraging results, and interim results are presently being

collated to enable an announcement to be made shortly.

The Kef El Louz prospect is the largest of the prospects within the Chaketma exploration permit. It is

approximately six kilometres from north to south, and covering more than three square kilometres. Mapping,

trenching and drilling at the north-western corner of the Kef El Louz prospect confirms that this area has the

potential to meet grade, as well as metallurgical and strip ratio criteria.

The Chaketma exploration program consists of mapping, drilling and channel sampling of Chaketma exploration

permit – this includes the Gassa Kebira, Sidi Ali Ben Oum Ezzine, Kef EL Louz and Douar Ouled Hamouda

prospects.

COMPETENT PERSONS STATEMENT

Information in this report that relates to Exploration Results from Chaketma is based on information compiled by Mr Oliver

Willetts, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Willetts is a consultant geologist and

has sufficient experience relevant to the style of mineralisation and types of deposit under consideration and to the activities

reported on to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Mineral

Resources and Ore Reserves. Mr Willetts consents to the inclusion in this report of the matters based on information in the

format and context in which it appears.

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