GENESIS RESOURCES LIMITED — Capital/Financing Update 2011

Oct 2, 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.

ASX ANNOUNCEMENT

3 October 2011

Release of shares from escrow

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 Resources Limited (the Company ) hereby gives notice that the following restricted securities are due to be released from escrow on 27 October 2011 :

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

16,600,000 Ordinary Fully Paid Shares

In accordance with the ASX Listing Rules, the Company will apply to the ASX for official quotation of the securities within 10 business days of 27 October 2011.

Registered Office

Level 3, 1 Collins Street, Melbourne VIC 3000 Australia

-End-

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

For further information, please contact:

ABN: 22 114 787 469

Directors and Management

Mr Eddie Pang Chairman

Dr John Parker Non-Executive Director

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

Dr Kerim Sener Non-Executive Director

Mr Deric Wee Non-Executive Director

Ms Sophie Karzis Company Secretary

ASX Code: GES

Issued Capital: 53.08m

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