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GENESIS RESOURCES LIMITED Capital/Financing Update 2012

Oct 14, 2012

64980_rns_2012-10-14_f21de70d-50b0-4578-aba2-487585e7b3bd.pdf

Capital/Financing Update

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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

15 October 2012

Rights Issue Shortfall

Further to recent announcements, Genesis Resources Limited (the Company ) is pleased to announce that it has now received notification from the underwriter of its recent pro-rata nonrenounceable rights issue that the shortfall has been fully placed.

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

Registered Office

The final tranche of the funds for the shortfall is expected to be received by the Company by 26 October 2012.

The Company will accordingly issue and allot the shortfall shares at that time and will lodge an Appendix 3B and an updated list of top 20 shareholders at that time.

Level 3, 1 Collins Street, Melbourne VIC 3000 Australia

Tel: +61 3 9286 7500 Fax: +61 3 9662 1472

ABN: 22 114 787 469

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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: [email protected] E: [email protected]

Directors and Management

Mr Eddie Pang Chairman Mr Peter Kong Managing 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: 96,486,430 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