GENESIS RESOURCES LIMITED — Capital/Financing Update 2017

Feb 28, 2017

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GENESIS RESOURCES LIMITED (ASX : GES )

1 March 2017

Rights Issue Closure and Notification of Shortfall

Genesis Resources Limited ( Genesis or the Company ) advises that its recent pro-rata non-renounceable rights issue closed on Friday 24 February 2017, with the results below.

	NO. OF SHARES	NO. OF SHARES	SUBSCRIPTION FUNDS
Applications for entitlement shares	2,829,588		$48,103
Applications for additional shares under shortfall facility	67,339		$1,145
Underwritten shortfall	171,375,560		$2,913,384
Total	174,272,487		$2,962,632
EVENT			NO. OF SHARES
Shares on issue before rights issue			464,726,632
Total shares available for offer under rights issue			174,272,487
Entitlement shares applied for under the rights issue			2,829,588
Additional shares applied for under rights issue shortfall facility			67,339
Total shares applied for under rights issue			2,896,927
Total shares to be issued to the underwriter			171,375,560

*The numbers in the tables above are subject to rounding, and any necessary scale-backs and any cheque dishonours.

The Company will issue and allot all entitlement and additional shares applied for by shareholders on Friday 3 March 2017, and will apply to ASX for quotation of those shares.

The rights issue was fully underwritten. The Company will issue the underwritten shortfall shares to the underwriter once the underwritten amount has been received by the Company, which is expected to occur within the next week.

-ENDS

For further information, please contact:

Sophie Karzis

Company Secretary T: + 61 (0) 3 9286 7501 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