GENESIS RESOURCES LIMITED — Capital/Financing Update 2013

Jul 15, 2013

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ASX Release

GENESIS RESOURCES LIMITED (ASX:GES)

16 July 2013

Capital Raising Mandate with Rich Asia Ventures Ltd to raise $1.9 million

• Successful completion of placement of shares to raise $1.2 million

• Second placement of shares to raise $629K to be completed by 31 August 2013

The Board of Genesis Resources Limited ( Genesis or the Company ) is pleased to advise that the Company has entered into a capital raising mandate ( Mandate ) with Rich Asia Ventures Ltd ( Rich Asia ), an advisory house based in Malaysia with regional offices in Singapore and Hong Kong. Rich Asia has a wide network of clients and contacts in Asia, and has access to sophisticated investors seeking exposure to the prospectivity of gold explorers.

Under the Mandate, Rich Asia has agreed to act as lead manager for Genesis in relation to a capital raising of approximately $1.9 million that the Company is proposing to undertake by way of share placements. The key terms of the Mandate are as follows:

1. Rich Asia will place up to 20,997,685 shares in Genesis to investors at a minimum offer price of $0.09, to raise a minimum of $1,889,792 (the Placement ). The Board notes that Genesis has sufficient capacity for the purposes of ASX Listing Rule 7.1 without requiring shareholder approval for the Placement.

2. The Placement will only be offered to investors to whom offers of shares do not need disclosure under Part 6D.2 of the Corporations Act 2001 (Cth) (the Act ) by reason of section 708 of the Act.

3. The Placement will be carried out in two tranches as follows:

   • (a) “Placement Tranche 1” – 13,998,457 shares @ a minimum issue price of $0.09 to raise a minimum of $1,259,861; and

   • (b) “Placement Tranche 2” – 6,999,228 shares @ a minimum issue price of $0.09 to raise a minimum of $629,931.

4. The Company will pay Rich Asia a placement fee of 5% of the amount raised by Rich Asia under the Placement. Genesis will pay the relevant fee to Rich Asia within three (3) business days from the date of allotment of the Placement Tranche 1 shares and Placement Tranche 2 shares respectively. Any and all sub-underwriting or selling fees which may be payable by Rich Asia to professional investors, licensed dealers or institutions and/or third parties will be paid by Rich Asia out of the placement fee.

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

Completion of Placement Tranche 1 to raise $1.2 million

Genesis is pleased to confirm that Placement Tranche 1 is now complete, and the Company has placed 13,998,290 ordinary shares to a strategic investor (who is not a related party of Genesis), China Century Overseas Ltd, raising $1,259,846.10 in the process. The Company welcomes China Century Overseas Ltd, who now holds 9.09% of the Company’s total issued capital, as a major shareholder of Genesis.

An Appendix 3B in relation to the issue of the shares the subject of Placement Tranche 1 will follow shortly.

Placement Tranche 2 to raise $629K to be completed by 31 August 2013

Under the Mandate, Placement Tranche 2 will be completed by no later than 31 August 2013, to raise approximately $629K.

Purpose of funds

The funds raised under the Placement will be used to pay for costs of the Placement and fund the Company’s significant and sustained drilling programs at the Plavica Project.

The Board recognises the dilutionary effect of equity capital raisings on shareholders, and continues to seek to reconcile this with the Company’s need for capital to fund exploration activity which the Board hopes will unlock the potential of its projects and generate shareholder value.

The Board is committed to striking an appropriate balance between preventing unnecessary dilution of existing shareholders and raising an appropriate amount of funds as the need arises, in the best interests of all shareholders.

-Ends

For further information, please contact:

Sophie Karzis

Company Secretary Genesis Resources Limited T: +61 3 9286 7501 M: 0409 540 827 E: sk@ccounsel.com.au

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