GENESIS MINERALS LIMITED — Capital/Financing Update 2021

May 12, 2021

Genesis Minerals Limited (ASX: GMD) ASX Announcement – 13 May 2021

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Share Purchase Plan Closes Early Oversubscribed

Genesis Minerals Limited ( Genesis or the Company ) (ASX: GMD) announces that due to strong support received from Eligible Shareholders for the Company’s Share Purchase Plan ( SPP or Plan ), the Company has closed the Plan immediately, in accordance with the terms of the Plan.

The Company advises that any further applications received on and from today will not be accepted under the Plan and application monies will be returned in full to the applicant.

In accordance with the terms of the Plan, valid applications received prior to the close of the Plan will be subject to an equitable scale back. Refunds of excess application funds will be made as promptly as possible.

Full details of the results of the Plan are expected to be released to the market on 17 May 2021.

The revised indicative timetable for the Plan is as follows:

Event	Date
Record Date for Plan(5:00pm AWST)	21 April 2021
SPP booklet dispatched to Eligible Shareholders	30 April 2021
OpeningDate for Plan	30 April 2021
ClosingDate for Plan(5:00pm AWST)	12 May2021
Announcement of results of Plan	17 May2021
Issue of new Shares under Plan	19 May2021
Mail out of refunds for excess application funds	21 May2021

This announcement is approved for release by Michael Fowler, Managing Director for Genesis.

ENDS

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