GENESIS RESOURCES LIMITED — Capital/Financing Update 2013

Jun 10, 2013

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ASX Release

GENESIS RESOURCES LIMITED

(ASX:GES)

11 June 2013

More Encouraging Drill Results from Plavica, Macedonia

Genesis Resources Limited ( Genesis or the Company ) is pleased to announce the second batch of results from its 2013 follow-up drilling campaign at the Plavica Prospect in the Republic of Macedonia. The results from RC Holes PNRC013 to 028 (16 holes) have generated significant results in 7 of these holes. The majority of the holes are from the western end of Plavica North where previous drilling is sparse. Some of these intercepts are also high in silver and base metals. Highlights include:

PNRC022: 9m @ 3.5 g/t Au, 313.8 g/t Ag, 1.42% Cu, 0.2% Zn from 204m PNRC026: 17m @ 1.5 g/t Au, 9.1 g/t Ag, 0.21% Cu, 0.8% Pb, 0.4% Zn from 143m and 18m @ 1.3 g/t Au, 37.6 g/t Ag, 0.60% Cu, 2.7% Pb, 0.2% Zn from 178m PNRC027: 32m @ 0.6 g/t Au, 83.8 g/t Ag, 0.1% Cu, 2.2% Pb, from 40m

Results are shown below using a 0.4 g/t Au cut-off, minimum 3m composite and maximum 2m internal dilution:

Hole	From	To	Int	Aug/t	Ag g/t	Cu%	Pb%	Zn%
PNRC013	93	98	5	0.58	1.0	0.07	0.03	0.00
PNRC013	103	107	4	0.71	1.0	0.07	0.04	0.00
PNRC013	192	197	5	0.86	8.8	0.09	0.02	0.00
PNRC014	0	5	5	0.60	3.6	0.02	0.13	0.00
PNRC014	123	129	6	0.70	1.0	0.23	0.10	0.00
PNRC014	158	165	7	0.54	1.0	0.19	0.06	0.00
PNRC015	2	15	13	1.15	4.2	0.02	0.11	0.01
PNRC016	165	175	10	0.64	3.1	0.29	0.04	0.01
PNRC022	204	213	9	3.25	313.8	1.42	0.06	0.20
PNRC026	143	160	17	1.46	9.1	0.21	0.84	0.42
PNRC026	171	175	4	1.05	44.8	0.29	3.18	0.35
PNRC026	178	196	18	1.26	37.6	0.60	2.71	0.22
PNRC027	40	72	32	0.57	83.8	0.11	2.16	0.04
PNRC027	81	84	3	1.02	13.3	0.32	0.44	0.35
PNRC027	93	98	5	0.53	34.6	0.25	0.26	0.10
PNRC027	110	115	5	0.67	4.8	0.25	0.06	0.07

• Reverse circulation drill samples are collected every 1m.

• Assay method: Fire assay Au (30g) and ICP (Ag, Cu, Pb & Zn) through SGS Laboratory Ankara. High Ag and base metals are redone using AAS

• Intercept widths are not necessarily true widths.

The location of the Plavica Prospect is shown in Figures 1 and 2, and the locations of the holes assayed to date in 2013 are shown in Figure 3. Table 1 provides details of the drill hole coordinates, azimuths, inclinations and depths. The encouraging intersections in PNRC027 & 028 are 200m west of

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

Rio Tinto drill hole PLV001 (Figure 4) which intersected 29m @ 0.41g/t Au & 137 g/t Ag from 19m. There are also a number of underground workings in this area where enargite veins were mined by British Company Selection Trust in the 1930’s. Further drilling is needed to determine the ore geometries in this area. A drill section showing the results from holes PNRC026 and PNRC027 is shown in Figure 5.

More complete details of drill hole intersections will be provided in the forthcoming Quarterly Activities Report.

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Figure 1 Location of Plavica Gold-Copper-Silver Project, Republic of Macedonia.

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Figure 2 Location of Plavica Gold-Copper-Silver Project, showing recent drill holes and tenements. Tenements overly TMI Aeromagnetics image. UTM WGS84

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Figure 3: Plavica Drill Hole Location Map (UTM WGS84)

Hole	**Depth **	**Dip **	**Azimuth **	**East GK **	North GK	RL	**East UTM **	North UTM
PNRC013	201	-60	360	7597397	4656964	1162	596933	4656080
PNRC014	201	-60	360	7597313	4656963	1150	596849	4656080
PNRC015	201	-60	360	7597320	4656923	1130	596857	4656039
PNRC016	200	-60	360	7597404	4656869	1130	596941	4655985
PNRC017	165	-60	360	7597419	4656821	1110	596956	4655937
PNRC018	201	-60	360	7596409	4657098	1077	595945	4656215
PNRC019	200	-60	360	7596407	4657061	1068	595943	4656178
PNRC020	179	-60	360	7596407	4657006	1055	595944	4656123
PNRC021	200	-60	360	7596405	4656960	1042	595942	4656076
PNRC022	213	-60	360	7596406	4656916	1032	595942	4656033
PNRC023	200	-60	360	7596203	4656913	975	595739	4656029
PNRC024	197	-60	360	7596202	4657012	1007	595739	4656128
PNRC025	200	-60	360	7596203	4656964	992	595740	4656080
PNRC026	200	-60	360	7596304	4656909	990	595840	4656025
PNRC027	200	-60	360	7596303	4657008	1011	595840	4656125
PNRC028	200	-60	360	7596307	4657057	1025	595844	4656173

Table 1 Plavica 2013 Drilling Coordinates (Gauss Kruger and UTM WGS84)

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Figure 4: Plavica Western Area Drill Hole Location Map (UTM WGS84)

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Figure 5 Plavica 2013 Section 7596300E Gauss Kruger. NB holes have not been surveyed.

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The drilling at Plavica is continuing to the west of this zone as well as between this zone and the new zone reported to the ASX on 14 May, which lies to the east. There are 2 Core Rigs and 1 RC Rig in operation.

The Chairman of Genesis Resources Limited, Mr Eddie Pang, stated: “These results continue to add to the Resource Base at Plavica. They have extended the known mineralisation to the west and these zones are still open in that direction. I look forward to further encouraging results from our ongoing drill program.”

- Ends

For further information, please contact: EDDIE PANG

Chairman T : +61 (0) 3 9286 7500 E : eddie.pang@genesisresourcesltd.com.au

The information in this report that relates to exploration activity and results was compiled by Mr James Patterson who is a Permanent Employee of Genesis Resources and is a Member of the Australasian Institute of Geoscientists. Mr Patterson has sufficient experience relevant to the styles of mineralisation and to the activities which are being reported to qualify as a Competent Person as defined by the JORC Code, 2004. Mr Patterson consents to the release of the information compiled in this report in the form and context in which it appears

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