PHI Group Engages Milost Advisors for Acquisition Funding

NEW YORK, NY --(Marketwired - July 14, 2016) - PHI Group (www.phiglobal.com)(OTCQB: PHIL), a company engaged in both conventional energy and renewables, announced today that it has engaged Milost Advisors Inc. to advise on strategic alternatives.

"We are excited to work with Milost Advisors to complete our current acquisitions and are also considering other opportunities that can add significant value to the Company," said PHI Group Chairman, Henry Fahman. "The Milost Advisors team has many years of proven experience assisting companies in maximizing shareholder value."

"PHI Group is an astounding company to work with; it has a great strategy and the right temperament to be at the forefront of the conventional and renewable energy space as well as other special situations. Bringing our investment banking experience, vast Wall Street investor network together with PHI's management expertise in mergers and acquisitions will yield noteworthy returns for the shareholders," said Senior Vice President of M&A Jurell Sukdeo.

Milost Advisors Inc. will provide a range of advisory services to the Company aimed enhancing shareholder value. Alternatives to be considered will include potential for acquisitions, mergers, strategic partnerships or other strategic transactions. Milost Advisors' senior level bankers have already started engaging some investors and lenders in their vast Wall Street investor network. Investors have been introduced to the Company in the past week for the purposes of funding the acquisition of a wood pellet manufacturing company in Southeastern U.S. previously announced.

Next week, Milost Advisors will begin the process of advising on financing for acquisitions of the liquefied petroleum gas (LPG) targets in Southeast Asia.

About Milost Advisors Inc.

Headquartered in New York City, Milost Advisors Inc. is a global investment banking firm for mid to large market clients and entrepreneurs globally. Milost team experience continues to enable it to offer its clients comprehensive advisory services including M&A, capital markets, legal, research as well as restructuring and strategic advisory.

While its home market is in the US, most clients are international and transactions are cross-border. They assist clients by starting earlier in funding decisions and corporate transactions (e.g. feasibility, de-risking, restructuring) and staying on longer (e.g. post-merger integration, transitional services).

Their senior partners have each over 20 years international investment banking experience having worked for investment banking firms in Johannesburg, Europe, Hong Kong, London and Wall Street as well as on transactions in most geographies. In addition, they have also held corporate leadership positions in the industry. They combine cross over skills in restructuring, legal advisory, capital markets, and funding activities.

The firm and its partners have a broad network in the business and funding community both locally and in other financial centers. They combine relationships with corporates with access to specialist equity and debt investors, be it private or public markets capital. They draw on these networks to craft bespoke as well as innovative financing and funding solutions free of conflict.

About PHI Group, Inc.

PHI Group, Inc., a U.S. publicly traded company established in 1982, is in the process of acquiring controlling interests in a number of targets in the areas of conventional energy, renewables and special situations with intention to build a critical mass and uplist to the Nasdaq Stock Market as soon as practical.

Safe Harbor: This news release and the featured interview contain 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.