GENESIS RESOURCES LIMITED — Capital/Financing Update 2009

Nov 4, 2009

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5 November 2009 GENE0C0R\ASX015

The Company Announcements Platform ASX Limited SYDNEY NSW 2000

TRANSFER OF INTEREST IN TENEMENTS

The Board of Directors of Genesis Resources Limited (“Genesis” or “the Company”) is pleased to announce that the Company has entered into a letter agreement with WDR Base Metals Pty Ltd (“Base Metals”) in respect to the transfer from Base Metals to Genesis of the 45% participating interest held by Base Metals in certain tenements pursuant to the Joint Venture Agreement between the parties dated 1 July 2008 (“JV Agreement”) .

In consideration for the transfer of the 45% participating interest, Genesis will pay Base Metals $750,000 cash by 4 December 2009. The tenements the subject of the agreement are EPM 15771 at Gladstone in Queensland and EL 24814 at McArthur River in the Northern Territory (“ Tenements ”).

Following completion of the agreement, Base Metals will have no interest in the Tenements and will not be entitled to any other consideration or royalty, the JV Agreement will be terminated and Genesis will own and control 100% of the manganese projects at Gladstone and McArthur River at which it plans to focus its exploration efforts.

For further information, please contact:

Pedro Kastellorizos Robert Marusco Managing Director Company Secretary Genesis Resources Ltd Tel: +8 9367 8133 Tel: + 8 8981 8106 Email: robert.marusco@nkh.com.au

About Genesis Resources Limited

Genesis Resources Limited is an Australian company with a portfolio of quality iron, manganese, gold, uranium and base metal (copper-zinc-silver) in the highly prospective Archaean and Proterozoic metallogenic provinces of Australia. Genesis has signed a Joint Venture over an advanced copper-gold (Plavica) project within the Former Yugoslav Republic of Macedonia. The Plavica Project lies within Carpathian Volcanic Arc, a major epithermal province running through Eastern Europe, which is highly prospective for gold, copper and silver mineralisation.

Genesis projects are close to established infrastructure including railways, shipping ports, highways, power stations and populated areas. The Company’s objective is to provide rapid capital growth through mineral discoveries and development of economic deposits in Australia and overseas.

For more information please visit the website at: www.genesisresourcesltd.com.au