PHILand Ranch to Host Groundbreaking Ceremony for Pointe91 Luxury Resort and Elite Residential Community in Chu Lai, Vietnam

FRANKFURT, GERMANY and LOS ANGELES, CA and HO CHI MINH CITY, VIETNAM--(Marketwire - Jul 22, 2011) - PHI Group, Inc. (OTCQB: PHIE) (PINKSHEETS: PHIE) (FRANKFURT: PR7), an M & A company with diversified holdings in real estate development, energy, natural resources and special situations announced today that its subsidiary PHILand Ranch Ltd., a company engaged in the development of master-planned communities, residential and commercial properties, and hospitality services in Vietnam and Southeast Asia, (WKN A0RPEA) (FRANKFURT: 1P8) will host a groundbreaking ceremony at 9:00 a.m. local time, Thursday, July 28, 2011, for the Pointe91 luxury resort and elite residential community at Bien Rang Beach, Chu Lai, Quang Nam, Vietnam.

Located on an exclusive and majestic bluff overlooking the South China Sea with rocky shores that extend to the north and seemingly endless sandy beaches southward, the 118-acre (47.7 hectare) development is encompassed by diverse topography. Pointe91 will offer luxury accommodations in an exclusive community including 227 grand private home residences in seven separate communities, an exclusive Five-Star Beach Hotel & Spa with 180 rooms and 30 detached premium residences that will be offered as part of a private residence club.

Pointe91 will also feature spectacular attractions like the outdoor 250-seat amphitheatre with a South China Sea backdrop, an international commercial-retail center, a state-of-the-art management executive education training facility, a farmers market, recreational parks and miles of hiking and jogging trails along the scenic and natural terrain exclusive to Pointe91.

Pointe91 is strategically located less than seven minutes from the Chu Lai Airport and also easily accessible by highway, train, and sea. Pointe91 is expected to become a choice destination to accommodate guests from Southeast Asia, Europe, Australia and the U.S., as well as the fast-growing, local affluent Vietnamese population.

About PHILand Ranch Ltd.
PHILand Ranch Limited, a United Kingdom corporation, is engaged in the development of master-planned communities, residential and commercial properties, and hospitality services in Vietnam and the growing economies of Southeast Asia. The company is currently developing Pointe91 at Bien Rang, Chu Lai, Quang Nam Province, Central Vietnam through its wholly owned Vietnam-based subsidiary PHILand Vietnam Ltd. The Company has also entered into agreements with local Vietnamese partners to co-develop other commercial, residential, industrial and hospitality projects. PHILand Ranch's stock is traded on the Frankfurt Stock Exchange: 1P8.F, WKN A0RPEA. Website: www.PHILandranch.com.

About PHI Group
PHIGroup engages in M&A consulting services, real estate, natural resources, energy, and special situations. PHIGroup 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.