GENESIS RESOURCES LIMITED — Capital/Financing Update 2009

Nov 4, 2009

ASX “WDR”

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5 November 2009

Company Announcements Office, ASX Securities Limited, 20, Bridge Street, SYDNEY, NSW 2000

SALE OF 45% INTEREST IN MANGANESE EXPLORATION TENEMENTS

Directors of Western Desert Resources Limited (ASX code “WDR”) advise that formal agreement has been reached with Genesis Resources Limited (“Genesis”) in respect to a sale by WDR’s wholly owned subsidiary, WDR Base Metals Pty Ltd, (“Base Metals”) to Genesis of the 45% participating interest held by Base Metals in tenements EPM15771 at Gladstone, Queensland and EL24814 at McArthur River, N.T., for a cash consideration of $750,000. The purchase price is payable by 4 December 2009.

Upon payment of the purchase price the joint venture between Base Metals and Genesis in respect to these tenements will terminate.

The directors advise that the decision to sell these interests is in line with a strategic decision to concentrate on its iron ore, copper and gold interests along with other wholly owned base metal and uranium projects.

Readers of this announcement are made aware that this transaction is a completely separate issue to the purposes of WDR requesting a voluntary ASX trading halt this morning. The trading halt is for the purposes of a rights issue to be announced on Monday 9[th] November, 2009.

For further information, contact Norm Gardner Managing Director (08) 8177 8800 info@westerndesertresources.com.au

About Western Desert Resources Limited

Western Desert Resources (WDR) is an ASX listed Australian exploration company with a diversified portfolio of projects in Australia. WDR has identified advanced prospects in iron ore, gold, molybdenum, and tungsten.

Core projects are: the Roper Bar Iron Ore Project in the Northern Territory located close to the Roper River; and the Rover gold/copper project near Tennant Creek, also in the Northern Territory.

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