GENESIS RESOURCES LIMITED — Director's Dealing 2018

Apr 23, 2018

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24 April 2018

Dean Litis Adviser Listings Compliance Level 4, North Tower, Rialto 525 Collins Street Melbourne VIC 3000

Dear Dean

Late lodgement of Appendix 3Y

The Company attaches an Appendix 3Y (Change of Director’s Interest Notice) in relation to acquisition of shares by Non-Executive Director Mr Yau Young Lim on 11 – 19 April 2018.

ASX Listing Rule 3.19A requires an Appendix 3Y to be lodged within 5 business days of a Director’s change in relevant interests.

In accordance with ASX Listing Rule 3.19B, the Company has adequate arrangements in place with its Directors which are enforced to ensure that the Company is able to meet its disclosure obligations under ASX Listing Rule 3.19A. The Company has in place a Securities Trading Policy which requires all Directors to notify the Company Secretary as soon as possible of any changes in their relevant interests in the Company's securities, to enable the Company to meet its disclosure obligations.

In this particular instance, however, an Appendix 3Y was not lodged within the prescribed time period due to an administrative oversight, rather than a systemic problem with the Company’s existing share trading policies and procedures.

The Company considers that its current procedures are adequate to ensure compliance with the relevant ASX Listing Rules.

Yours sincerely

Sophie Karzis Company Secretary

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

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	GENESIS RESOURCES LIMITED
ABN	22 114 787 469

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Yau YoungLIM
Date of last notice	5 December 2017

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Citicorp Nominees Pty Ltd, as custodian, is the registered holder of Shares that are beneficially held by Mr Yau Young Lim.
Date of change	10, 11, 12 and 19 April
No. of securities held prior to change	105,389,986 Shares held by Citicorp Nominees Pty Ltd
Class	Fully paid ordinary shares (Shares)
Number acquired	601,460
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	301,460 Shares at $0.012 per Share 100,000 Shares at $0.013 per Share 200,000 Shares at $0.015 per Share (total consideration: $7,917.52)
No. of securities held after change	105,991,446 Shares held by Citicorp Nominees PtyLtd
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance **was required? **	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011