GENESIS RESOURCES LIMITED — Major Shareholding Notification 2012

Nov 19, 2012

FACSIMILE

3 Pages (including this page)

20 November 2012

To: Australian Securities Exchange (1300 135 638)

Copy to: Genesis Resources Limited (03 96505571)

Re: Genesis Resources Limited (ASX:GES)

Please find attached a Form 605, Notice of ceasing to be a substantial holder, relating to GES for Greenvale Asia Limited.

Yours sincerely

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Pinnacle Advisory Group

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605	oage 1/2	15 July 200

	Form 605 Corporations Act 2001 Section 671B
	Notice of ceasing to be a substantial holder
To Company Name/Scheme	GENESIS RESOURCES LIMITED
ACN/ARSN	114 787 469
1. Details of substantial holder (1)
Name ACN/ARSN (if applicable)	Greenvale Asia Limited BVI 1584956
The holder ceased to be a substantial holder on The previous notice was given to the company on The previous notice was dated	30/09/2012 27/8/2012 23/08/2012
2. Changes in relevant interests	in the company of the company of the company of

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities y and the material of the control was alleged to the company or scheme are as follows: ٦ scheme

since the substantial nolong was lest required to give the Dato of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
30/09/2012	Greenvale Asia [Limited; Cartler Pesks lassociation between ilnvestments Ltd: Indigo Pearl Capital Ltd	lCessation of iindigo Pearl Capital Ltd and Greenvale lAsia Limited	n/n	2.584.195	2.584,195

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in ov or scheme are as follows:

relation to voting interests in the company or scriente are as renown.	Nature of association
Name and ACN/ARSN (if applicable)	Indigo Pearl Capital Ltd previously acquired shares in the Company and
indigo Pearl Capital Ltd; Greenvale Asia Limited	hold them for the benefit of Greenvale Asia Limited. With the subsequent transfer of these shares to Berne No 132 Nominees Pty Ltd <602987> for , ithe bonefit of Greenvale Asia Limited, the association between the two icompanies has now ceased.

4. Addresses

med in this form are as follows: The addres

Name
Indigo Pearl Capital Ltd	Palm Grove House, PO Box 438, Road Town, Tortols, British Virgin Islands
Greenvale Asia Limited	TMF Place, Road Town, Tortola, British Virgin Islands
Cartier Peaks Investments Ltd	Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands
Berne No 132 Nominees Ply Ltd	GPO Box 202, Brisbane Qld 4001
Signature Manfell Ltd. print name sign here	For and on helialf of MANFELL LTD. Authorised Signature(s) Director capacity 16 November 2012 date

605 GUIDE

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trustee of an equity trust), the names could be included in an ann DIRECTIONS a paper of an equity many, the names court be manuted in an amexime to me torm. It me referred measus or a group or persons are essentially similar,
they may be referred to throughout the form as a specifically named group $(1)$ is clearly set out in paragraph 4 of the form. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$ See the definition of "associato" in section 9 of the Corporations Act 2001. $(3)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy Include details of: any retevant agreement or other circumstances decause or writch the change in retevant mierest occurred. In subsection or rister is a copy as a copy and accurate details of any contract,
of any document setting out the ter $(4)$ $(e)$ any qualification of the power of appearance are control the exercise of, or influence the exercise of, the voting powers or disposal of the
contribution in which the sale results and developed the status of control is a s is the contract contract of the particular securities to which the qualification applies). See the definition of "relevant agreement and generalism of the Compositions Act 2001.
Details of the consideration must include the composition of the Compositions Act 2001.
Details of the consideration must included inva $(5)$ $(6)$ deeling last substantial holding notice. Give details, if appropriate, of the present association and any change in that association $(7)$