GENESIS RESOURCES LIMITED — Capital/Financing Update 2012

Aug 27, 2012

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28 August 2012

Dear Option holder

Pro-Rata Non-Renounceable Rights Issue – Notification to Option holders

Today, Genesis Resources Limited ( Genesis or the Company ) formally announced that it would undertake a fully underwritten 1 for 3 pro-rata non-renounceable rights issue at 9 cents per new share (the Offer ), and that the Offer would be extended only holders of ordinary shares in the Company with a registered address in Australia or New Zealand as at 7:00pm (Melbourne time) on Wednesday 5 September 2012 ( Record Date ).

You hold options over unissued shares in Genesis. If you want to ensure that you receive an entitlement to participate in the Offer in relation to some or all of these unissued shares (assuming you have a registered address in Australia or New Zealand), you will need to exercise the appropriate number of your options by Thursday 30 August 2012, to allow sufficient time before the Record Date to allow the underlying unissued shares to be issued to you.

If you are considering exercising options, please consider carefully if you should do so bearing in mind your personal circumstances, including considering the exercise price for your options which is above the current ASX price for Genesis shares and above the issue price under the Offer. You are encouraged to read in full the Company’s Offer Information Statement released to the ASX and market earlier today containing the key terms of the Offer.

If you have any queries in relation to:

• your options – please contact Genesis’ company secretary Sophie Karzis on 03 9665 0460; or

• the Offer – please contact Genesis’ share registry on 1300 850 505 (within Australia) or +613 9415 4000 (outside Australia).

Yours faithfully

Eddie Pang Chairman Genesis Resources Limited

GENESIS RESOURCES LIMITED ACN 114 787 469 Level 3, 1 Collins Street, Melbourne, Victoria 3000, Australia Tel: +61 3 9665 0411 | Fax: +61 3 9650 5571 | www.genesisresourcesltd.com.au