SOURCE: PHI GROUP, INC.

PHI GROUP, INC.

August 23, 2011 10:15 ET

PHI Group Announces Shareholder Conference Call

LOS ANGELES, CA--(Marketwire - Aug 23, 2011) - PHI Group, Inc., (OTCQB: PHIE) (PINKSHEETS: PHIE) (FRANKFURT: PR7), a diversified holding company focused on high-growth opportunities in M&A, real estate, energy, mining, natural resources, healthcare and special situations, is pleased to invite our shareholders and investors to participate in a shareholder telephone conference.

The conference call will begin at 11:00 A.M. EDT on Tuesday, August 30, 2011. To participate in the conference call, dial +1-209-647-1000 and enter Conference ID 767368#.

Topics to be discussed include updates on the company's M&A consulting and advisory services, mining, energy, stem cell project, PHILand Ranch, PHI Gold Corp., PHI Energy Corp., and other activities, plus the company's goals and plans for the immediate and long-term future.

There will be a session for live questions and answers; however, priorities will be given to individual shareholder questions submitted at least one day in advance via email to info@phiglobal.com.

About PHI Group
PHI Group is a diversified holding company focused on high-growth opportunities in M&A, real estate, energy, mining, natural resources, healthcare and special situations. PHI Group takes companies public in the U.S. and Europe and provides access to international capital sources through its subsidiaries PHI Capital Holdings and PHI Vietnam Holdings (www.phiholdings.com), develops real estate projects in Vietnam through PHILand Ranch (www.philandranch.com) (FRANKFURT: 1P8), and engages in natural resources and energy through PHI Gold Corporation (PINKSHEETS: PHIG), Tricon Gold Corp, PHI Energy Corp (www.phienergycorp.com) and PHI Oil and Gas Ltd. Main corporate website: www.phiglobal.com

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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