GENESIS RESOURCES LIMITED — AGM Information 2011

Nov 16, 2011

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Genesis Resources Limited is an Australian company with a portfolio (over 1,877 km[2] ) of quality iron, manganese, gold and base metal projects in the highly prospective Proterozoic and Palaeozoic metallogenic provinces of Australia.

Genesis has also signed a Joint Venture over the Plavica Project: an advanced project within Macedonia. The Plavica Project is highly prospective for gold, copper, silver, lead and zinc mineralisation.

Genesis is an exploration company committed to the creation of shareholder value through successful mineral exploration and development.

Registered Office

Level 3, 1 Collins Street, Melbourne VIC 3000 Australia

Tel: +61 3 9665 0411 Fax: +61 3 9650 5571

ABN: 22 114 787 469

Directors and Management

ASX ANNOUNCEMENT

17 November 2011

Chairman’s Address 2011 Annual General Meeting

During the course of this financial year, Genesis Resources Limited undertook various successful exploration programs locally and internationally. Through cost efficient exploration and joint ventures with reputable partners, such as Sileks in Macedonia, the Company has added significant value to its portfolio of tenements held in Australia and Macedonia. In particular, the Plavica Project in Macedonia, spearheaded by Dr Sener, has reaped positive results and continues to be a key project which the Company will focus on progressing.

In Australia, an Environmental Authority has been granted for the Company’s Mining Lease Application at the Mount Millar Manganese Mine near Gladstone in Queensland. This now enables a Mining Lease to be granted subject to establishment of appropriate compensation agreements with landowners and compliance with Standard Environmental Conditions. Further details on exploration projects in Australia and Macedonia will be outlined in the Technical Report which will follow shortly.

Mr Eddie Pang Chairman

Dr John Parker Non-Executive Director

Dr Kerim Sener Non-Executive Director

At 30 June 2011 the Company had net current assets of $1,376,098 and reported a net loss of $562,052 and net cash outflow from operating activities of $896,537.

Mr Deric Wee Non-Executive Director

Ms Sophie Karzis Company Secretary

ASX Code: GES

During the 2011 financial year, the Company has undergone significant restructuring at board and management levels, and has therefore been successful in substantially reducing and streamlining its costs and expenses.

Issued Capital: 53.08m

During the year, the Company has in particular benefited from the welcome addition of Dr Allan John Parker to the Board. Dr Parker has added considerable strength to the Board with his commercial background and significant expertise and

Level 3, 1 Collins Street, Melbourne, Victoria 3000, Australia Tel: +61 3 9665 0411 Fax: +61 3 9650 5571 www.genesisresourcesltd.com.au

proficiency in the mining and exploration industry specifically relevant to Genesis Resources Limited.

Under the command of the restructured Board and management, and in particular under the leadership of Dr Sener and Dr Parker who are respectively charged with overseeing the Company’s Macedonian and Australian projects, the Company has managed to achieve positive operational results. In Australia, the Company’s exploration program has been ably undertaken by Exploration Manager Mr John Howard and his team of exploration geologists.

In the current financial year the Board continues to be committed to the creation of shareholder value through successful mineral exploration and development, and aims to focus on its current projects, whilst exploring the possibility for further drilling programs both locally and internationally.

The Company will also focus on obtaining additional funding to finance exploration activities and meet its expenditure obligations. To this end, the Board is contemplating a sale of surplus assets and intends to implement strict cost management.

In addition, the Board is contemplating undertaking a capital-raising, most likely through a pro rata rights issue. We are currently in the process of preliminary discussions necessary to facilitate such a capital-raising, and whilst we do not have any further details to disclose at this stage, as always we will keep shareholders informed should the Board decide to proceed with a capital-raising. The Board keenly welcomes your support and participation in a capital-raising should it proceed.

In undertaking its exploration program, we appreciate the significant contribution made by the local communities including traditional inhabitants, farmers and pastoralists both in Australia and in Macedonia. In particular, we greatly appreciate the cooperation and assistance of the Sileks group in Macedonia. I would also like to thank all our management, exploration and administration teams and my fellow directors for their support and enthusiasm during the year.

The Company continues to be skilfully steered in the right direction, and the Board is confident that with the implementation of its new financial and operational strategies going forward, the Company is suitably primed to enhance shareholder value by achieving its objective of becoming an established mining company.

For further information, please contact:

Eddie Pang Chairman Genesis Resources Limited Tel: +61 3 9867 3723 info@genesisresourcesltd.com.au