GENESIS RESOURCES LIMITED — Interim / Quarterly Report 2013

Apr 29, 2013

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GENESIS RESOURCES LTD

GENESIS RESOURCES  4/19 Ellingworth Parade  Boxhill  VIC 3128 T +61 3 9898 8518  www.genesisresourcesltd.com.au ABN 22 114 787 469

Quarterly Activities Report – March 2013

HIGHLIGHTS

Plavica Au-Ag-Cu Project

Genesis Resources Limited has been successful in intersecting high grade gold (silver) mineralisation from its drilling program at the Plavica Prospect in the Republic of Macedonia. The best intersections were encountered in the diamond drill hole DDP006 as follows:

• DDP006 205.0-208.0m: 3m @ 26.4 g/t Au, 25.0 g/t Ag, 0.14% Cu =27.12 g/t AuEq

• DDP006 214.0-216.0m: 2m @ 50.1 g/t Au, 75.5 g/t Ag, 0.33% Cu =52.14 g/t AuEq

• - DDP006 218.0-219.0m: 1m @ 9.7 g/t Au, 69.0 g/t Ag, 1.16% Cu = 13.01 g/t AuEq

Analyses at 1m intervals of all the 2012-vintage diamond and reverse circulation (RC) holes have now been received from SGS Laboratory, Ankara, and other significant intervals are as follows:

• DDP006 190.0-191.0m: 1m @ 8.36 g/t Au, 24.0 g/t Ag, 0.09% Cu = 8.99 g/t AuEq

• - DDP006 195.0-197.0m: 2m @ 4.31 g/t Au, 4.0 g/t Ag, 0.03%Cu = 4.44 g/t AuEq

• - RP007 162.0-163.0m: 1m @ 1.02 g/t Au, 238.0 g/t Ag, 3.0% Cu = 10.58 g/t AuEq

• - RP007 182.0-183.0m: 1m @ 1.77 g/t Au, 189.0 g/t Ag, 2.49 % Cu = 9.53 g/t AuEq

• - RP009A 201.0-207.0m: 6m @ 2.85 g/t Au, 73.5 g/t Ag, 1.92% Cu = 7.39 g/t Au Eq

• - RP009A 245.0-246.0m: 1m @ 2.19g/t Au, 257.0 g/t Ag, 0.95% Cu = 8.84 g/t AuEq

• - RP010 137.0-139.0m: 2m @ 1.50 g.t Au, 23.5 g/t Ag, 2.18% Cu = 5.45 g/t AuEq

• - RP010 173.0-174.0m: 1m @ 1.57 g/t Au, 21.0 g/t Ag, 2.74% Cu = 6.37 g/t AuEq

• - RP011A 170.0-172.0m: 2m @ 2.65 g/t Au, 20.5 g/t Ag, 1.95% Cu =6.17 g/t AuEq

• - RP014A 115.0-116.0m: 1m @ 7.32 g/t Au, 55.0 g/t Ag, 0.08% Cu = 8.54 g/t AuEq

• - RP015 32.00-33.00m: 1m @ 2.21 g/t Au, 97.0 g/t Ag, 0.03% Cu = 4.19 g/t AuEq

• - RP015 34.00-36.00m: 2m @ 1.72 g/t Au, 177.5 g/t Ag, 0.02% Cu = 5.30 g/t AuEq

• - RP016 55.00-56.00m: 1m @ 1.03 g/t Au, 100.0 g/t Ag, 1.45% Cu = 5.35 g/t AuEq

• - RP017 27.00-28.00m: 1m @ 6.94 g/t Au, 39.0 g/t Ag, 0.03% Cu = 7.76 g/t AuEq

Location of the Plavica Prospect is given in Figure 1 and the locations of the 2012 drill holes are shown in Figure 2. Table 1 provides details of the drill hole coordinates, azimuths, inclinations and depths. More complete details of drill hole intersections are provided below.

Gladstone-Mount Miller Mn Project

• Mount Miller Mining Lease (EA MIN201115110): Agreement was reached and signed with both Queensland Main Roads and Queensland National Railways. The Board has decided to activate them while waiting for the granting of an exemption from Urban Restricted zoning around Gladstone. Once it has been approved, the Board plans to carry out the planned diamond drilling program.

EXPLORATION & DEVELOPMENT PROGRESS DURING THE QUARTER

Republic of Macedonia

Plavica Gold-Copper-Silver Project (Figure 1)

During the December quarter of 2012 23 Reverse Circulation (RC) and 3 Diamond Drill holes were drilled for totals of 4,695m of RC and 936m of diamond respectively. Drill hole locations are shown in Figure 2 whilst Table 1 provides details of drill hole coordinates, azimuths, inclinations and depths. Drilling commenced in the latter part of October and was terminated in mid-December with the onset of winter snow.

During the March quarter of 2013 1 metre samples from all the diamond drill and RC holes were despatched to the SGS Ankara laboratory for fire assay of gold content and ICP-OES analysis of silver, copper, lead, zinc and arsenic as well as 29 other elements. Analytical results from all these samples have now been received and the results are tabulated in Tables 2 to 5 below as follows:

• -Table 2: Diamond drill holes – intersections >1g/t Au

• -Table3: RC drill holes – intersections >1g/t Au

• -Table 4: Diamond drill holes- intersections >0.1 g/t Au

• -Table 5: RC drill holes – intersections >0.1 g/t Au

For Au equivalents: 5 g/t Ag = 0.1 g/t Au and 0.1% Cu = 0.16 g/t Au

The formula for Au ppm (g/t) equiv. =Au +(Agppm x0.02) + (Cuppm x 0.0016)

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

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

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Figure 2 Plavica 2012 Drilling Plan

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

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					Depth
Drill Hole Number	Easting	Northing	Azimuth	Inclination
RP-016	596400	4656300	50	60	210
RP-018	596300	4656300	50	60	207
RP-017	596350	4656350	50	60	225
RP-015	596450	4656350	50	60	237
RP-006	596300	4656400	50	60	182
RP-007	596400	4656400	50	60	255
RP-007A	596400	4656400	320	60	260
RP-008	596500	4656400	50	60	207
RP-008A	596500	4656400	150	60	202
RP-009	596600	4656400	360/0	60	225
RP-009A	596600	4656400	150	60	250
RP-010	596700	4656400	360/0	60	220
RP-010A	596700	4656400	150	60	183
RP-011	596800	4656400	360/0	60	183
RP-011A	596800	4656400	150	60	183
RP-012	596800	4656300	360/0	60	143
RP-012A	596800	4656300	150	60	144
RP-013	596700	4656300	360/0	60	250
RP-013A	596700	4656300	150	60	140
RP-036	596800	4656200	360/0	60	207
RP-036A	596800	4656200	150	60	201
RP-014	596500	4656300	360/0	60	180
RP-014A	596500	4656300	150	60	201
DDP-06	596610	4656280	230	50	227
DDP-02	596242	4655830	360/0	50	389
DDP-02A	596242	4655830	150	70	320

Table 1 Plavica 2012 drilling details

Table 2: Diamond drilling->1g/t Au intersections

				Au	Au	Ag
Hole	From	To	Int	equiv	ppm	ppm	Cu ppm	Pb ppm	Zn ppm
DDP002	115.00	116.00	1.00	2.93	2.41	3.0	2891.0	170.0	197.0
DDP002	121.00	122.00	1.00	3.20	1.03	2.0	13300.0	99.0	508.0
DDP006	21.00	22.00	1.00	3.89	2.53	68.0	24.1	1898.0	29.0
DDP006	38.00	39.00	1.00	1.60	1.20	20.0	3.0	2145.0	9.0
DDP006	48.00	49.00	1.00	2.22	1.44	39.0	18.3	3542.0	15.0
DDP006	176.00	178.00	2.00	2.01	1.54	17.0	797.0	24950.0	2942.5
DDP006	182.00	183.00	1.00	1.90	1.44	15.0	1010.0	16000.0	1504.0
DDP006	190.00	191.00	1.00	8.99	8.36	24.0	948.0	36600.0	845.0
DDP006	195.00	197.00	2.00	4.44	4.31	4.0	284.5	5596.5	2423.5
DDP006	205.00	208.00	3.00	27.12	26.40	25.0	1367.0	3362.0	21766.7
DDP006	214.00	216.00	2.00	52.14	50.10	75.5	3292.0	22135.0	10594.5
DDP006	218.00	219.00	1.00	13.01	9.77	69.0	11600.0	7713.0	44100.0
DDP006	225.00	226.00	1.00	1.17	1.04	2.0	566.0	1720.0	7179.0

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

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Table 3: RC Drilling- Intersections >1g/t Au

					Au	Au	Ag	Cu Pb	Zn
Hole	From	To	Int		equiv	ppm	ppm	ppm ppm ppm
RP006	40.00	42.00		2.00	2.33	2.20	4.5	236.9	1365.0	278.0
RP007	162.00	163.00		1.00	10.58	1.02	238.0	30000.0	444.0	1560.0
RP007	182.00	183.00		1.00	9.53	1.77	189.0	24900.0	1430.0	1320.0
RP007A	64.00	65.00		1.00	1.93	1.56	15.0	421.0	4710.0	24.0
RP008	22.00	25.00		3.00	2.03	1.41	29.7	135.4	1280.0	16.3
RP008	27.00	28.00		1.00	1.44	1.10	15.0	252.0	1181.0	22.0
RP009A	201.00	207.00		6.00	7.39	2.84	73.5	19175.8	354.5	2904.3
RP009A	209.00	210.00		1.00	1.98	1.22	19.0	2402.0	114.0	352.0
RP009A	240.00	243.00		3.00	3.17	2.24	45.3	136.1	375.3	61.0
RP009A	245.00	246.00		1.00	8.84	2.19	257.0	9454.0	3521.0	1412.0
RP010	97.00	98.00		1.00	2.06	1.26	22.0	2272.0	8308.0	14100.0
RP010	137.00	139.00		2.00	5.45	1.49	23.5	21800.0	868.5	902.0
RP010	142.00	144.00		2.00	1.57	1.13	7.5	1829.5	600.0	15.0
RP010	145.00	148.00		3.00	1.53	1.22	7.0	1045.3	539.0	19.3
RP010	149.00	151.00		2.00	3.60	1.16	43.5	9781.5	464.5	54.0
RP010	156.00	158.00		2.00	1.61	1.13	16.5	941.5	351.0	16.5
RP010	173.00	174.00		1.00	6.37	1.57	21.0	27400.0	576.0	98.0
RP010A	44.00	46.00		2.00	2.08	1.59	21.5	397.0	1185.0	181.0
RP011A	150.00	151.00		1.00	5.30	1.64	15.0	21000.0	2048.0	127.0
RP011A	162.00	166.00		4.00	5.02	1.82	29.3	16309.8	992.3	664.8
RP011A	167.00	169.00		2.00	2.13	1.15	1.5	5902.0	732.0	30.5
RP011A	170.00	172.00		2.00	6.17	2.64	20.5	19479.0	1559.0	740.0
RP012	114.00	115.00		1.00	2.48	1.01	65.0	1040.0	7940.0	163.0
RP012	126.00	127.00		1.00	1.64	1.01	13.0	2300.0	2730.0	63.0
RP014	58.00	59.00		1.00	1.34	1.19	7.0	66.1	205.0	18.0
RP014	154.00	155.00		1.00	4.59	1.09	48.0	15900.0	1856.0	460.0
RP014A	47.00	49.00		2.00	5.38	1.77	179.5	107.5	39900.0	17.5
RP014A	107.00	108.00		1.00	1.40	1.19	3.0	960.0	1397.0	319.0
RP014A	110.00	111.00		1.00	3.85	3.51	11.0	768.0	3332.0	164.0
RP014A	115.00	116.00		1.00	8.54	7.32	55.0	777.0	1190.0	80.0
RP014A	134.00	135.00		1.00	1.55	1.24	2.0	1712.0	1311.0	95.0
RP014A	172.00	173.00		1.00	1.59	1.06	7.0	2410.0	2428.0	599.0
RP014A	175.00	176.00		1.00	4.74	1.33	168.0	334.0	4828.0	774.0
RP014A	177.00	178.00		1.00	3.35	1.77	78.0	122.0	5981.0	170.0
RP015	32.00	33.00		1.00	4.19	2.21	97.0	252.0	6000.0	14.0
RP015	34.00	36.00		2.00	5.30	1.72	177.5	183.5	5745.0	17.5
RP016	55.00	56.00		1.00	5.35	1.03	100.0	14500.0	5420.0	1340.0
RP017	27.00	28.00		1.00	7.76	6.94	39.0	276.0	1490.0	1750.0
RP018	11.00	12.00		1.00	2.00	1.35	30.0	289.0	8420.0	21.0
RP018	17.00	19.00		2.00	1.64	1.24	18.5	188.5	6860.0	23.5

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

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RP018	20.00	23.00	3.00	1.83	1.25	27.7	152.0	6303.3	30.3
RP018	34.00	35.00	1.00	1.29	1.14	7.0	42.5	644.0	10.0
RP018	39.00	40.00	1.00	3.93	3.06	42.0	168.0	6640.0	9.0
RP018	41.00	43.00	2.00	1.38	1.28	5.0	28.8	333.0	7.5
RP018	88.00	89.00	1.00	1.60	1.28	7.0	1150.0	397.0	95.0
RP036	159.00	160.00	1.00	3.55	1.71	46.0	5770.0	195.0	761.0
RP036	162.00	163.00	1.00	1.34	1.04	11.0	519.0	433.0	84.0
RP036	203.00	205.00	2.00	2.12	1.64	16.0	969.5	240.0	85.5

Table 4: Diamond drilling – intersections > 0.1 g/t Au

				Au	Au	Ag	Cu		Zn
Hole	From	To	Int	equiv	ppm	ppm	ppm	Pb ppm	ppm
DDP002	82.00	86.00	4.00	0.21	0.15	1.0	257.6	165.5	136.8
DDP002	289.00	293.00	4.00	0.26	0.16	4.5	68.3	7721.3	3182.0
DDP002	294.00	297.00	3.00	0.23	0.13	4.3	94.2	9378.3	2648.7
DDP002	308.00	312.00	4.00	0.43	0.18	10.5	268.5	2863.8	1088.8
DDP002	331.00	335.00	4.00	0.73	0.21	17.3	1097.8	1232.8	971.0
DDP002	366.00	371.00	5.00	0.52	0.24	6.0	1020.8	6176.4	814.2
DDP002	382.00	389.00	7.00	0.52	0.23	1.6	1587.4	102.7	383.1
DDP002A	3.00	8.00	5.00	0.24	0.18	2.6	63.7	36.8	37.2
DDP002A	58.00	64.00	6.00	0.38	0.32	1.3	222.7	35.5	19.3
DDP002A	115.00	120.00	5.00	2.21	0.16	85.4	2153.2	11736.0	322.4
DDP002A	121.00	124.00	3.00	1.43	0.21	55.7	691.0	9161.7	381.3
DDP002A	132.00	135.00	3.00	3.27	0.24	139.3	1478.0	3847.0	308.0
DDP002A	150.00	154.00	4.00	0.19	0.15	1.5	52.3	283.5	27.0
DDP006	0.00	10.00	10.00	0.41	0.31	5.0	15.5	2382.4	9.6
DDP006	11.00	16.00	5.00	0.50	0.34	8.0	10.3	1112.6	9.0
DDP006	18.00	23.00	5.00	1.29	0.84	22.6	14.0	1462.6	10.2
DDP006	31.00	35.00	4.00	0.25	0.18	3.5	1.3	792.5	7.3
DDP006	37.00	50.00	13.00	0.87	0.45	20.9	8.9	4686.6	20.2
DDP006	51.00	56.00	5.00	0.52	0.18	16.8	19.1	4810.4	13.2
DDP006	69.00	72.00	3.00	0.98	0.13	14.7	3521.3	17735.3	1388.3
DDP006	117.00	123.00	6.00	1.54	0.26	45.5	2323.2	2379.5	339.7
DDP006	124.00	128.00	4.00	0.35	0.15	5.8	491.8	7215.8	204.5
DDP006	141.00	146.00	5.00	0.66	0.25	7.0	1656.2	7025.2	818.0
DDP006	162.00	168.00	6.00	1.31	0.33	13.5	4448.3	15548.8	1376.7
DDP006	175.00	184.00	9.00	1.16	0.74	15.2	756.4	20684.1	1802.3
DDP006	185.00	200.00	15.00	1.48	1.31	4.3	542.4	5731.5	1507.3
DDP006	201.00	222.00	21.00	9.80	9.30	15.5	1175.6	4620.2	8548.9

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

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Table 5: RC Drilling – Intersections >0.1 g/t Au

				Au	Au	Ag
Hole	From	To	Int	equiv	ppm	ppm	Cu ppm	Pb ppm	Zn ppm
RP006	22.00	30.00	8.00	0.24	0.16	2.0	272.9	695.0	435.1
RP006	40.00	43.00	3.00	1.66	1.53	4.0	269.0	1383.3	275.3
RP006	68.00	72.00	4.00	0.31	0.18	4.5	265.2	4600.0	175.0
RP006	169.00	183.00	14.00	0.52	0.21	11.6	486.7	915.4	204.6
RP007	161.00	169.00	8.00	3.63	0.38	83.6	9869.5	1088.4	585.1
RP007	176.00	185.00	9.00	3.42	0.56	91.1	6496.1	1655.6	535.1
RP007A	11.00	19.00	8.00	0.34	0.19	6.9	77.4	3395.5	23.6
RP007A	20.00	24.00	4.00	0.21	0.15	2.3	129.1	3307.5	25.8
RP007A	56.00	60.00	4.00	0.43	0.19	5.0	808.3	6692.5	82.5
RP007A	61.00	66.00	5.00	0.81	0.44	9.6	1101.0	7150.0	50.6
RP007A	145.00	148.00	3.00	0.18	0.12	1.7	98.3	2146.7	112.3
RP007A	160.00	168.00	8.00	0.34	0.19	5.4	264.7	1442.5	283.8
RP007A	178.00	184.00	6.00	0.93	0.25	22.3	1477.7	4490.0	883.2
RP007A	185.00	200.00	15.00	0.51	0.18	9.4	899.7	1625.7	620.4
RP008	13.00	31.00	18.00	0.89	0.58	14.4	165.8	915.2	16.3
RP008	195.00	201.00	6.00	0.97	0.17	37.3	375.8	21386.0	2271.2
RP008A	1.00	9.00	8.00	0.33	0.20	5.6	127.1	1416.1	20.8
RP008A	89.00	97.00	8.00	0.63	0.42	8.4	258.2	282.5	26.9
RP008A	98.00	101.00	3.00	0.68	0.23	20.3	272.1	881.3	30.0
RP009	3.00	21.00	18.00	0.48	0.28	8.0	210.7	743.0	23.2
RP009	27.00	40.00	13.00	0.64	0.21	17.9	501.2	1570.2	62.0
RP009	122.00	166.00	44.00	0.90	0.33	15.4	1636.2	456.3	36.3
RP009A	13.00	43.00	30.00	0.41	0.27	6.2	115.1	1938.6	18.4
RP009A	49.00	55.00	6.00	0.29	0.25	1.3	116.3	909.8	14.8
RP009A	58.00	62.00	4.00	0.44	0.36	4.0	48.5	1131.0	17.5
RP009A	200.00	211.00	11.00	4.53	1.77	45.5	11580.4	260.2	1722.0
RP009A	237.00	247.00	10.00	2.48	1.15	55.4	1363.6	1112.6	245.5
RP010	83.00	86.00	3.00	0.29	0.21	4.0	38.7	2556.3	7028.3
RP010	92.00	95.00	3.00	0.32	0.19	3.3	357.0	1676.7	687.7
RP010	134.00	188.00	54.00	1.92	0.69	10.6	6359.0	591.8	70.5
RP010A	27.00	37.00	10.00	0.32	0.19	1.9	612.3	972.5	34.0
RP010A	40.00	49.00	9.00	0.87	0.58	9.0	733.6	1419.4	432.6
RP010A	112.00	127.00	15.00	0.35	0.21	1.3	710.4	56.6	33.6
RP011A	136.00	141.00	5.00	0.58	0.17	1.0	2466.8	244.2	12.0
RP011A	142.00	145.00	3.00	0.74	0.12	1.0	3711.0	270.0	24.7
RP011A	146.00	178.00	32.00	1.97	0.81	7.2	6343.7	949.1	155.6
RP011A	179.00	183.00	4.00	0.53	0.16	1.0	2180.3	337.3	10.8
RP012	70.00	73.00	3.00	0.21	0.18	1.0	108.5	101.7	69.0
RP012	75.00	108.00	33.00	0.63	0.34	2.5	1459.5	271.3	169.1
RP012	111.00	115.00	4.00	0.89	0.44	17.8	620.8	2187.5	54.0
RP012	116.00	120.00	4.00	1.07	0.16	1.0	5559.0	781.5	56.8

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

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RP012	121.00	134.00	13.00	0.53	0.31	2.2	1045.1	828.9	45.9
RP012	137.00	140.00	3.00	0.45	0.32	1.0	672.3	753.3	62.0
RP013A	13.00	35.00	22.00	0.42	0.28	4.0	396.7	1980.0	64.6
RP014	6.00	11.00	5.00	0.43	0.28	6.8	81.3	1095.8	34.0
RP014	13.00	18.00	5.00	0.85	0.72	6.2	36.1	1132.2	14.8
RP014	19.00	29.00	10.00	0.32	0.21	4.5	108.3	621.9	11.4
RP014	30.00	70.00	40.00	0.46	0.33	5.6	113.0	300.5	14.1
RP014	72.00	90.00	18.00	0.45	0.18	11.2	278.8	335.5	12.2
RP014	149.00	155.00	6.00	3.86	0.56	77.8	10915.7	1697.2	868.2
RP014A	19.00	22.00	3.00	0.24	0.16	3.0	151.4	332.3	101.3
RP014A	23.00	28.00	5.00	0.42	0.19	11.8	8.9	759.6	7.4
RP014A	31.00	76.00	45.00	1.08	0.40	33.0	110.0	6524.0	32.2
RP014A	77.00	82.00	5.00	0.51	0.22	11.4	435.4	1752.8	82.4
RP014A	83.00	87.00	4.00	0.30	0.16	4.5	302.3	1391.0	53.0
RP014A	98.00	127.00	29.00	1.08	0.67	9.1	1423.5	2215.5	104.0
RP014A	133.00	136.00	3.00	0.67	0.51	1.3	889.0	1301.0	87.7
RP014A	143.00	152.00	9.00	0.58	0.26	3.0	1660.3	2885.0	3795.0
RP014A	153.00	161.00	8.00	0.69	0.18	5.5	2514.1	3519.0	1532.1
RP014A	164.00	170.00	6.00	1.18	0.25	5.2	5173.3	1761.0	1012.3
RP014A	171.00	196.00	25.00	1.06	0.47	21.4	978.7	8849.9	933.4
RP015	0.00	60.00	60.00	0.82	0.38	20.9	102.2	1435.4	15.4
RP015	229.00	235.00	6.00	0.61	0.18	12.2	1156.7	748.2	135.5
RP016	11.00	15.00	4.00	0.16	0.13	1.8	17.1	507.0	13.3
RP016	55.00	58.00	3.00	2.54	0.52	46.3	6820.0	3207.3	527.3
RP016	87.00	96.00	9.00	0.27	0.14	1.0	661.4	154.3	21.6
RP016	104.00	108.00	4.00	0.36	0.13	1.8	1261.5	133.0	45.8
RP016	119.00	123.00	4.00	0.63	0.13	4.5	2536.8	182.5	23.3
RP016	140.00	146.00	6.00	1.66	0.27	7.0	7820.0	400.3	61.0
RP016	160.00	163.00	3.00	0.33	0.15	2.7	789.7	474.7	35.0
RP017	26.00	32.00	6.00	1.80	1.42	16.5	320.7	1081.3	1263.3
RP017	78.00	81.00	3.00	0.31	0.19	2.3	487.2	184.0	100.0
RP017	149.00	152.00	3.00	0.49	0.12	1.3	2130.0	399.7	11.3
RP017	176.00	179.00	3.00	1.08	0.13	1.7	5770.0	326.7	21.7
RP017	211.00	219.00	8.00	0.47	0.18	3.9	1358.3	663.1	54.4
RP018	0.00	35.00	35.00	1.08	0.71	17.5	141.5	6075.2	21.5
RP018	36.00	54.00	18.00	0.82	0.59	11.3	36.6	783.7	9.5
RP018	86.00	90.00	4.00	0.68	0.43	6.3	784.5	692.5	70.8
RP018	140.00	148.00	8.00	0.20	0.13	2.9	81.0	193.3	47.6
RP036	159.00	182.00	23.00	0.83	0.48	6.5	1343.5	892.8	116.4
RP036	189.00	207.00	18.00	0.57	0.42	4.3	396.3	189.3	47.1
RP036A	66.00	69.00	3.00	0.52	0.17	10.7	873.3	11312.0	28551.3
RP036A	75.00	79.00	4.00	0.32	0.13	7.3	260.5	8502.5	16939.8
RP036A	85.00	88.00	3.00	2.26	0.16	23.0	10238.0	4934.3	9535.3
RP036A	96.00	100.00	4.00	0.68	0.15	10.8	1935.8	2197.8	7676.5

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

Page 8

==> picture [482 x 334] intentionally omitted <==

Figure 1 Location of Arltunga Gold Project

AUSTRALIA

ARLTUNGA PROJECT: Copper, Gold, (GES 100%)

No work was carried out.

GLADSTONE-MOUNT MILLER PROJECT: Manganese (GES 100%)

The Gladstone-Mount Miller Project consists of Exploration Licence (EPM15771) and Mining Lease Application (MLA80166) and is located approximately 15 kilometres by road from the port of Gladstone on the east coast of central Queensland (Figure 1).

The largest mine on the tenements controlled by Genesis was at Mount Miller. The mine opened in 1895 and operated intermittently until 1916 and then from 1958 to 1960. A total of 21,785 tonnes of ore was mined with a grade which ranged from 71% to 75% MnO2.

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

Page 9

On 21 April 2011, the Queensland Government Department of Environment and Resource Management granted an Environmental Authority (Mining Lease) Non Code Compliant Level 2 Mining Project (EA MIN201115110) for the Mount Miller Mine. The Agreements were signed with both Queensland Main Roads and Queensland National Railways. The Board has decided to activate them while waiting for the granting of an exemption from Urban Restricted zoning around Gladstone. Once it has been approved, the Board plans to carry out the planned diamond drilling program.

The Licence Renewal is pending.

PIONEER PROJECT: Gold (GES 100%)

No work was carried out.

McARTHUR RIVER PROJECT: Manganese (GES 100%)

No work was carried out.

LAURA RIVER Au-Pt PROJECT: (EMP15242)

No work was carried out. Annual Technical Report submitted and the Licence Renewal is still pending.

FENN GAP Mn-Fe PROJECT: (EMP24839)

No work was carried out.

Tenements as at 31 March 2013

Project	Tenement Number	Area(sq km)	Current Holder	State
Alice Springs	EL24817	372.59	Genesis Resources	NT
Arltunga	EL25238	95.2	Genesis Resources	NT
Fenn Gap	EL24839	52.43	Genesis Resources	NT
Laura River	EMP15242	165.35	Genesis Resources	QLD
Pioneer	EPM15619	12.47	Genesis Resources	QLD
McArthur River	EL24814	380.88	Genesis Resources	NT
Gladstone	EPM15771	63.93	Genesis Resources	QLD
Mt Miller MLA	MLA80166	32.24 Ha	Genesis Resources	QLD
Total Australia		1,422.92
Plavica(7 leases)		184.9	RIK Sileks AD Kratovo	Macedonia
TOTAL		1,607.82

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

Page 10

About Genesis Resources Limited

Genesis Resources Limited is an Australian company with a portfolio of quality gold, iron, manganese, uranium and base metal (copper-zinc-silver) in the highly prospective Proterozoic and Phanerozoic metallogenic provinces of northern and central Australia.

Genesis has signed a Joint Venture over an advanced copper-gold project (Plavica) within the Former Yugoslav Republic of Macedonia. The Plavica Project lies within Carpathian Volcanic Arc, a major epithermal province running through Eastern Europe, which is highly prospective for gold, copper and silver mineralisation.

Genesis’ projects are close to established infrastructure including railways, shipping ports, highways, power stations and populated areas.

The Company’s objective is to provide rapid capital growth through mineral discoveries and development of economic deposits in Australia and overseas.

For more information please visit the Company website at: www.genesisresourcesltd.com.au

Information in this report that relates to exploration activity and results was compiled under the guidance of John Karajas who is a Member of the Australasian Institute of Geoscientists. Mr Karajas 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 Karajas consents to the release of the information compiled in this report in the form and context in which it appears.

CORPORATE

Appointment of New Director

On 26 March 2013 the Company appointed Mr Kim Heng Lim as a Non-Executive Director of the Board.

Mr Lim is associated with the Company’s largest shareholder, S Active Holding Sdn Bhd, which holds 22,117,930 ordinary shares in the Company.

Capital raising

In January 2013, the Company sought and received shareholder approval for the issue of up to 50,000,000 shares under a placement facility (Proposed Placement Facility). At the time that approval was sought from shareholders, the Directors had not made a determination as to whether it would issue shares under the Proposed Placement Facility; but elected to seek prior approval regardless given the recent challenging environment for capital raising and in anticipation that ongoing funding of the Company’s projects would be required.

The Company did not utilise (and accordingly no shares were issued under) the Proposed Placement Facility, which lapsed on 16 April 2013 in accordance with the ASX Listing Rules.

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

Page 11

Drilling Agreement with Spektra Jeotek Sanayi ve Ticaret A.S.

The Company entered into a further agreement with its Spektra to bolster the Company’s ongoing drilling program at the Plavica Project. Spektra had previously been contracted to undertake a minimum of 7,000 meters of reverse circulation drilling and 2,500 meters of diamond core drilling at the Plavica Project. Under the new agreement, the Company contracted Spektra to undertake a minimum of 22,000 metres of diamond core drilling and 44,000 metres of reverse circulation drilling in 2013.

This aggressive drilling program is designed to progress the Plavica Project towards a final feasibility study.

Securities on Issue as at 31 March 2013

Fully paid ordinary shares

ITEM	NO. OF SECURITIES
Total fully paid ordinary shares on issue	139,984,568
Total options to acquire fully paid ordinary shares on issue	26,535,376
Unlisted options exercisable at$0.10 on or before 4 May2014	19,424,424
Unlisted options exercisable at $0.10 on or before 11 May 2014	7,110,952

Board and Management as at 31 March 2013

Mr Eddie Pang Chairman 6 March 2009 – present Mr Peter Kong Managing Director 11 May 2012 – present Mr Alex Lim Non-executive Director 26 November – present Mr Kok Bin Wee Non-executive Director 11 December 2009 – 26 November 2012 16 January 2013 - present Mr Patrick Volpe Non-executive Director 11 May 2012 – 26 November 2012 16 January 2013 – present Mr John Zee Non-executive Director 11 May 2012 – 26 November 2012 16 January 2013 – present Mr John Karajas Non-executive Director 22 October 2012 – 26 November 2012 16 January 2013 – present Mr Kim Heng Lim Non-executive Director 26 March 2013 – present Ms Sophie Karzis Company Secretary 1 December 2010 - present Ms Patricia Wong Chief Financial Officer 1 December 2010 - present

Genesis Resources Limited | Quarterly Activities Report | January 2013 – March 2013

Page 12

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

Genesis Resources Limited

	ABN 22 114 787 469 Consolidated statement of cash flows	ABN 22 114 787 469 Consolidated statement of cash flows	Quarter ended (“current quarter”) 31 March 2013	Quarter ended (“current quarter”) 31 March 2013
			31 March 2013
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid/refund 1.7 Other (provide details if material) Net Operating Cash Flows		Current quarter $A’000		Year to date (9 months) $A’000
		- (425) - - (500) - 36 - 25 -		- (1,872) - - (1,317) - 58 - 47
		(864)		(3,084)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Loan to subsidiary Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		- - (104) - - - - -		- (7) (186) - - - - - -
		(104)		(193)
		(968)		(3,277)

• See chapter 19 for defined terms.

Appendix 5B Page 1

30/9/2001

Appendix 5B Mining exploration entity quarterly report

Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) - equity transaction cost Net financing cash flows	- - - - - (93)	5,969 - - - - (330)
	(93)	5,639
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	(1,061) 4,167 (28)	2,362 751 (35)
	3,078	3,078

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23 1.24	1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
			50
			-
1.25 Explanation necessaryforanunderstanding ofthe transactions None Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets andliabilities but didnotinvolve cash flows None		Explanation necessaryforanunderstanding ofthe transactions
		None
	None

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest None

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available Amount used $A’000 $A’000 3.1 Loan facilities - -

• See chapter 19 for defined terms.

Appendix 5B Page 2

30/9/2001

Appendix 5B Mining exploration entity quarterly report

3.2 Credit standby arrangements - -

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	4,057
	-
	-
	365
Total	4,422

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to therelateditemsinthe accountsis asfollows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (Term Deposit – bank guarantee)	478	266
	2,600	3,901
	-	-
	78	78
Total: cash at end of quarter(item 1.22)	3,156	4,245

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
	-	-	-	-
	-	-	-

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description)	Nil

• See chapter 19 for defined terms.

Appendix 5B Page 3

30/9/2001

Appendix 5B Mining exploration entity quarterly report

7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs	139,984,568	139,984,568
	i) 5,000	i) 5,000	i) 10 cents	i) 10 cents
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	Nil
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	i) 19,424,424 options (expiring 4/5/2014) to acquire ordinary shares (conversion factor 1:1) ii) 7,110,952 options (expiring 11/5/2014) to acquire ordinary shares (conversion factor 1:1)	i) Nil ii) Nil	i) Exercise price:10 cents ii) Exercise price:10 cents
	-	-	-	-
	-	-	-	-
7.11 Debentures (totals only)	Nil
7.12 Unsecured notes (totals only)	Nil

• See chapter 19 for defined terms.

Appendix 5B Page 4

30/9/2001

Appendix 5B Mining exploration entity quarterly report

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

• 2 This statement does give a true and fair view of the matters disclosed.

Peter Kong

Managing Director 30 April 2013

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.

Appendix 5B Page 5

30/9/2001