GENESIS MINERALS LIMITED — Capital/Financing Update 2021

May 9, 2021

Genesis Minerals Limited (ASX: GMD) ASX Announcement – 10 May 2021

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Share Purchase Plan – Closing Date Reminder

Genesis Minerals Limited ( Genesis or the Company ) (ASX: GMD) reminds Eligible Shareholders that the opportunity to participate in the Share Purchase Plan ( Plan ) closes at 5.00pm AWST on Friday 21 May 2021 ( Closing Date ).

Eligible Shareholders are those Australian and New Zealand shareholders who were registered as Genesis shareholders at 5.00pm AWST on 21 April 2021 ( Eligible Shareholders ).

The Plan entitles Eligible Shareholders, irrespective of the size of their shareholding, to purchase up to $30,000 worth of Genesis shares at an issue price of $0.06 per share free of all brokerage and commission charges.

The Company is intending to raise a maximum of $1,000,000 under the Plan.

The Company may elect to close the Plan early and/or scale back applications. Accordingly, Eligible Shareholders are strongly encouraged to act promptly to avoid possible disappointment.

The fastest way to apply and pay for your new shares is by using BPAY®. You can only apply using the BPAY® information provided on your personalised SPP Application Form that was sent to Eligible Shareholders.

You can access your personalised SPP Application Form by logging onto Computershare’s Investor Centre website at: http://www.investorcentre.com/au using your Holder ID and postcode or username and password.

The Company encourages all Eligible Shareholders to read the SPP Offer Booklet ( Offer Booklet ) lodged with the ASX and also sent to Eligible Shareholders on 30 April 2021, before deciding whether to participate in the Plan. The Offer Booklet is also available on the Company’s website: https://genesisminerals.com.au/announcements.

Participation in the Plan is entirely voluntary. The Plan is not underwritten.

Should you wish to discuss any information regarding the Plan, do not hesitate to contact Genesis’ Company Secretary, Geoff James on +61 8 9322 6178 or email gjames@genesisminerals.com.au.

In order to receive electronic communications from the Company in the future, we encourage shareholders to update their details with Computershare Investor Services Pty Limited by:

1. Go online to www.computershare.com.au/easyupdate/gmd

2. Enter your Holder Identification number (including the I or X)

3. Enter your postcode

4. Follow the prompts

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