GENESIS MINERALS LIMITED — Share Issue/Capital Change 2008

Sep 17, 2008

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Level 3, 10 Outram St West Perth WA 6005

PO BOX 437 West Perth WA 6872

18 September 2008

Company Announcements Office Australian Stock Exchange Limited 20 Bond Street SYDNEY NSW 2000

Tel: +618 9322 6178 Fax: +618 9481 2335

www.genesisminerals.com.au ABN: 72 124 772 041

By Electronic Lodgement

Dear Sir

ISSUE OF GENESIS MINERALS LTD SHARES – SECONDARY TRADING NOTICE NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001 ("Act")

On 17 September 2008, Genesis Minerals Ltd (" Company ") issued 3,450,000 fully paid ordinary shares at an issue price of $0.20 each (" Securities ").

Secondary Trading Exemption

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• (b) as at 17 September 2008 the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at 17 September 2008 there is no information:

  • i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • A . the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • B. the rights and liabilities attaching to the Securities.

Yours faithfully

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Graeme Smith Company Secretary

Genesis Minerals Limited ABN: 72 124 772 041