GENESIS MINERALS LIMITED — Capital/Financing Update 2021

Nov 30, 2021

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1 December 2021

Dear Shareholder,

Notice to Eligible Shareholders – Entitlement Offer

As announced to the ASX on 23 November 2021, Genesis Minerals Limited (ASX: GMD) (the Company ) is offering Eligible Shareholders the opportunity to participate in a Non-Renounceable ProRata Entitlement Offer to subscribe for 1 new Share for every 30 existing Shares held at the Record Date at an Issue Price of AUD$0.06 per new Share and 1 free attaching Option for every 2 Shares issued, with each Option having an exercise price of $0.10 and expiring two years after the date of issue ( Entitlement Offer ). Terms used, but not defined in this letter, have the same meaning given to them in the Prospectus dated 22 November 2021 and lodged with ASIC and the ASX.

The Prospectus and Entitlement and Acceptance Form are available on the Offer Website. You should read the Prospectus before deciding whether to participate in the Entitlement Offer.

To accept the Entitlement Offer, you will need to follow these steps:

Step 1: Access the Offer Website:

• https://genesisoffer ri.online.computershare.com

Step 2: View or download the Prospectus by clicking on 'View Prospectus & Apply Now'.

Step 3: Click 'Apply Now' and enter your Securityholder Reference Number (SRN) or Holder Identification Number (HIN) and your postcode to access the Entitlement and Acceptance Form.

Step 4: Complete the Entitlement and Acceptance Form and make payment using BPAY® (Australian Shareholders only) or EFT (Electronic Funds Transfer) (New Zealand, Canada, Singapore, United States, Chile and Malaysia Shareholders only) and the unique payment reference numbers provided.

IMPORTANT: If you have multiple holdings of GMD Securities, you will receive an email or letter in respect of which you have elected to receive communications from the Company’s Share Registry.

Applications and Payment under the Entitlement Offer must be received by 5:00pm (AWST) on 10 December 2021.

If you have any queries in relation to the Entitlement Offer, please do not hesitate to contact the Company Secretary +61 8 9322 6178 or by email at gjames@genesisminerals.com.au.

Yours faithfully

Geoff James

CFO and Company Secretary

ASX Code: GMD www.genesisminerals.com.au T: +61 8 9322 6178

ABN: 72 124 772 041 Unit 6, 1 Clive St West Perth, WA, Australia, 6005