GENESIS RESOURCES LIMITED — Capital/Financing Update 2013

Dec 19, 2013

ASX / MEDIA ANNOUNCEMENT 20 December 2013

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----- Start of picture text ----- Clancy Exploration Limited Phone: (02) 6361 12853 Corporation Place Fax: (02) 6361 1202Orange NSW 2800 www.clancyexploration.comAustralia info@clancyexploration.com----- End of picture text -----

SALE OF SHARES IN GENESIS RESOURCES LIMITED

Clancy Exploration Limited (ASX: CLY) advises that it has sold its shareholding in Genesis Resources Limited (ASX: GES) for net proceeds of approximately $568,000.

The Genesis shares form part of the agreed consideration for the North Arunta project acquisition from ABM Resources NL (ASX: ABU) (refer to announcement dated 29 November 2013), however the parties have agreed that should the North Arunta project acquisition proceed, Clancy will pass on to ABM the net proceeds from the sale of the Genesis Resources shares.

Clancy further advises that it has agreed with ABM to extend the due diligence period for the North Arunta project acquisition which was due to expire next week until mid January.

Yours faithfully

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ROWAN CAREN Company Secretary