GENESIS RESOURCES LIMITED — Capital/Financing Update 2014

Sep 18, 2014

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GENESIS RESOURCES LIMITED

(ASX: GES)

ASX and Media Release

19 September 2014

Genesis completes capital raising through placement of shares

Genesis Resources Limited ( Genesis or the Company ) is pleased to announce that it has raised $1,243,219 pursuant to its completion of a placement of 24,864,384 ordinary shares in Genesis to a sophisticated investor ( Placement ).

The Placement, which was made under Genesis’ existing capacity to issue shares under ASX Listing Rule 7.1, was completed at an issue price of $0.05 per ordinary share, which represents a 16.7% discount to the 30 day volume weighted average price of Genesis shares traded on the ASX ($0.06).

The Placement was completed with the consent of Blumont Group Ltd ( Blumont ), which is currently undertaking an off-market takeover bid for all the shares in Genesis ( Bid ). Genesis understands that Blumont will be making an application to the Australian Securities and Investments Commission to allow the Bid to extend to the Placement shares. Genesis has no reason to believe that the Placement subscriber will not be receptive to Blumont’s offer under the Bid, if an offer can be made to the subscriber.

The Board is pleased to have secured further funding for the Company, and will apply the funds raised under the Placement towards meeting Genesis’ working capital requirements.

Genesis will apply to ASX for quotation of the Placement shares in an Appendix 3B to follow shortly.

-Ends-

For further information, please contact:

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

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