GENESIS RESOURCES LIMITED — Board/Management Information 2012

May 13, 2012

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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, molybdenum, 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

Mr Eddie Pang Chairman Mr Peter Kong Managing Director Dr John Parker Non-Executive Director Mr Patrick Volpe Non-Executive Director Deric Wee Non-Executive Director Mr John Zee Non-Executive Director Ms Sophie Karzis Company Secretary

ASX ANNOUNCEMENT

11 May 2012

New Managing Director and Non-executive Directors Appointed

Genesis Resources Limited ( Genesis or the Company ) is pleased to announce the appointments of Mr Peter Kong as Managing Director and Mr Patrick Volpe and Mr John Zee as non-executive directors of the Board, effective today.

Highlights:

• Strengthened board and management team

• Increased focus on key exploration projects

Eddie Pang, Chairman, reported:

These appointments will create a strong management team focussed to drive the Company’s resource assets to the next level in particular, the Plavica Gold and Copper deposits where the key objective is to achieve a Bankable Feasibility Study level within the shortest possible timeframe.

The strengthened Board will endeavour to increase the value of the assets of Genesis for the benefit of all shareholders and investors.

With this clear objective, Genesis will be setting up an office in Macedonia to spearhead the drilling program for Plavica. A new technical team will also be formed to oversee and execute the scoping studies and drilling program in Macedonia.

The Board is confident that these future plans for Genesis will be in the best interests of the shareholders and wishes to thank all shareholders for their continuing support.

The new Managing Director, Mr Peter Kong (FCCA, UK)

ASX Code: GES Issued Capital: 79,621,128 shares

Mr Peter Kong is a chartered accountant by profession and has been active in audit, finance, management, fund raising and corporate finance for over 30 years. He has advised on many new initial public offerings in Australia and been instrumental in procuring capital raisings to support them, particularly with funds from internationally based investors.

GENESIS RESOURCES LIMITED ACN 114 787 469 Level 3, 1 Collins Street, Melbourne, Victoria 3000, Australia Tel: +61 3 9665 0411 | Fax: +61 3 9650 5571 | www.genesisresourcesltd.com.au

Peter brings a wealth of experience and skill to the board both in corporate finance and general management and investor relations. He has gained a reputation for excellence in the Malaysian corporate market and has successfully completed more than 10 IPOs on the Malaysian Stock Exchange with total capital raised of over MYR 100 million. Peter is very active in the Australia corporate sector since moving here in 2005, and is currently the Chairman of Voltage IP Limited (ASX:VIP). Peter is a current shareholder in Genesis and represents other founding shareholders mainly from Asia.

The Board welcomes Peter to the Board and looks forward to his contribution to the Company.

New Non-executive Director, Mr Patrick Volpe (Bachelor of Business (Accounting) and Post graduate taxation)

The Board is also pleased to announce the appointment of Mr Patrick Volpe as a Non-executive director of the Board effective immediately. Mr Volpe is currently Chairman of Botswana Metals Limited and Cardia Bioplastics Limited, both public companies listed on the ASX. Mr Volpe brings to the role of director of Genesis his skills and experience gained from 12 years in the stockbroking industry after holding management positions with the National Australia Bank Ltd, Ansett Transport Industries Ltd and Pacific Dunlop Limited. Mr Volpe also has a strong financial background and is a member of CPA Australia. Mr Volpe is experienced in capital raisings and has raised funds globally from institutions, private wealthy investors and the retail market. He has raised monies from the USA, Canada and UK and Europe. He has a good investor and broker network globally as a result of his previous experience as a stock broker in the equity and capital markets from 1988 to 1998. He is known in the mining and investment community with several successes including founding of A-Cap Resources Limited that now has a Uranium resource classified in the world’s top 10 discoveries where he remains a founding and major shareholder, and recently through Botswana Metals Limited has made at least three new discoveries for Copper-Silver and Nickel –Cu. He also has been involved in direct negotiations with vendors for mining tenure in countries that includes China, Argentina, Brazil, PNG, Australia and Botswana.

The Board welcomes Mr Volpe as a director and looks forward to his contribution to Genesis.

New Non-executive Director, Mr John Zee (Bachelor of Electrical Engineering, RMIT and Masters of Applied Finance, Melbourne University)

The Board welcomes John Zee to the Board, also as a Non-executive director, effective immediately. Mr Zee has worked in the financial services industry in stockbroking, corporate advisory and capital raisings in Australia for over 30 years. His expertise in deal structuring and capital raisings for start-ups or enterprises in their various lifecycle is well-known. His current roles include serving as the Responsible Manager for FoxFire Capital AFSL 390210 in the provision of financial services in securities dealing and corporate advisory. These roles have included an extensive amount of customer contact. He has a well-established extensive network of investors across Asia for the purpose of introducing investment opportunities and corporate transactions. The Company looks forward to his contribution, particularly as the Company seeks to enter a phase of accelerating its exploration activities in both Macedonia and Australia.

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For further information, please contact: Eddie Pang Chairman Tel: +61 3 9867 3723 info@genesisresourcesltd.com.au

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