PHI GROUP INC. Engages Thomson Reuters to Provide Corporate Communications and Investor Relations Services

LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - June 16, 2009) - PHI GROUP INC. (OTCBB: PHIE) (FRANKFURT: PR7), a company engaged in mergers and acquisitions, real estate development, mining, and investing in special situations, today announced that the Company has engaged Thomson Reuters to provide corporate communications and investor relations services for PHI GROUP (www.phiglobal.com) and its majority-owned subsidiary PhiLand Ranch Limited (www.philandranch.com).

The Company has recently updated its website www.phiglobal.com to include a brand new Investor Relations section, which was developed and is now hosted by Thomson Reuters.

The new Investor Relations section offers a wealth of information, including the Company's corporate profile, corporate governance, stock information, event calendar, webcasts and presentations, SEC filings, financial reports, financial fundamentals, stock ownership summary, proxy information, Investor FAQs and Email Alerts. The Email Alerts function is a user-friendly feature that allows interested investors to receive up-to-date information on all the Company's important updates, making it very convenient to follow PHI GROUP's activities.

Readers can sign up to receive future updates at http://phx.corporate-ir.net/phoenix.zhtml?c=71688&p=irol-alerts.

About PHI GROUP INC.

PHI GROUP focuses on M&A and consulting services, real estate development, mining and investing in special situations. The Company assists companies to go public and raise capital, develops "Pointe 91," a luxury resort and premium residential community in Chu Lai, central Vietnam (www.philandranch.com), and engages in mining in Southeast Asia (www.phimining.com). Main URL: www.phiglobal.com.

About Thomson Reuters Corporate Services

The Corporate Services business of Thomson Reuters provides a suite of solutions across the Investor Relations, Corporate Communications, and Business Intelligence functions. Leveraging more than two decades of experience serving the global corporate marketplace, our solutions are designed to increase the efficiency and effectiveness of business decision-making. Backed by knowledgeable client service professionals dedicated to proactive outreach and training, Thomson Reuters is the partner of choice for more than 6,000 corporations worldwide.

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.

Contact Information: Contact: John Nguyen 714-843-5460 Email: