GENESIS RESOURCES LIMITED — Capital/Financing Update 2012

Nov 4, 2012

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Genesis Resources Limited is an Australian company with a portfolio (over 1,501 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.

ASX ANNOUNCEMENT

5 November 2012

Rights Issue Shortfall

Genesis Resources Limited (the Company ) advises that it has issued and allotted, on 1 November 2012, 10,493,138 fully paid ordinary shares comprising part of the shortfall under the Company’s recent rights issue.

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 9286 7500 Fax: +61 3 9662 1472

ABN: 22 114 787 469

The balance of the shortfall, being 15,000,000 shares, is expected to be issued and allotted later this week.

An Appendix 3B for the issue and allotment of the 10,493,138 fully paid ordinary shares will follow shortly. The Company will provide shareholders with an updated list of top 20 shareholders when the balance of the shortfall is allotted.

-End

For more information, please contact:

PETER KONG EDDIE PANG Managing Director Chairman T: +61 (0) 3 9286 7500 T: +61 (0) 3 9286 7500 E: peter.kong@genesisresourcesltd.com.au E: eddie.pang@genesisresourcesltd.com.au

Directors and Management

Mr Eddie Pang Chairman Mr Peter Kong Managing Director Mr John Karajas Non-Executive Director

Mr Patrick Volpe Non-Executive Director

Mr Deric Wee Non-Executive Director Mr John Zee Non-Executive Director Ms Sophie Karzis Company Secretary

ASX Code: GES

Issued Capital: 106,979,568 shares

GENESIS RESOURCES LIMITED ACN 114 787 469 Level 3, 1 Collins Street, Melbourne, Victoria 3000, Australia Tel: +61 3 9286 7500 | Fax: +61 3 9662 1472 | www.genesisresourcesltd.com.au