GENETIC TECHNOLOGIES LIMITED — Capital/Financing Update 2008

Aug 28, 2008

29 August 2008

Manager Announcements Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street Sydney NSW 2000

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----- Start of picture text ----- ABN 28 009 174 761----- End of picture text -----

Level 11, 461 Bourke Street Melbourne Victoria 3000 Australia

Telephone: +61 3 8602 6500 Facsimile: +61 3 8602 6560

Dear Sir,

Purchase of North Laverton JV minority interest

Key Points:

• Regis has purchased the 14.66% minority interest in the North Laverton Joint Venture from JV partner Genetic Technologies Ltd;

• The interest includes 23,302 equity oz of indicated and inferred resources in three satellite pit areas and an interest in an extensive tenement holding in the Duketon central area;

• Consideration for the purchase is $100,000 in cash and the issue of 500,000 Regis shares to Genetic;

• In a separate transaction, Regis has purchased all the Duketon interests of Mega-Min Resources Pty Ltd and Artane Minerals NL.

Regis Resources Ltd (ASX:RRL) is pleased to announce that is has reached agreement with Genetic Technologies Ltd (Genetic) to purchase its 14.66% interest in the North Laverton Joint Venture (NLJV) in the Duketon region, north of Laverton, Weston Australia. Regis and its subsidiaries own the remaining 85.34% and are managers of the NLJV.

The NLJV consist of 58 granted tenements and applications, including 11 granted Mining Leases, 3 granted Miscellaneous Licences (for road and borefield infrastructure), and the process water borefield previously used by the Aurora Gold Ltd Baneygo Mine over the period 1990-1993. Additionally the NLJV contains a total of 158,950 oz of indicated and inferred gold resources (at the 100% level) in three areas: Dogbolter, Russells Find and Reichelts Find. This acquisition delivers Regis 23,302 ozs of these resources. The Dogbolter resource is planned to be included in the initial Duketon Gold Project laterite and oxide mine development.

The transaction includes the purchase of all of Genetics’ joint venture interests including its tenement equity, share of rehabilitation costs, and other rights created under the NLJV. The consideration for the transaction is $100,000 in cash plus the issue of 500,000 shares in Regis to Genetic. In addition, Regis will refund to Genetic its share of the rehabilitation bonds for the joint venture properties.

In a separate transaction, Regis has also bought the various tenement interests of Mega-Min Resources Pty Ltd (a subsidiary of Cityview Corporation Ltd) including the purchase of its wholly owned subsidiary Artane Minerals NL. The purchase includes interests in 21 granted tenements and applications in the Duketon central region, including tenements surrounding Duketon Gold Project development sites. Consideration for this purchase was $20,000 in cash.

Speaking in Melbourne today, Regis Chairman Dr Michael Folie said “…..the current difficult equity market conditions have given Regis the opportunity to consolidate its holdings around the Company’s

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core Duketon Gold Project at more attractive valuations than have been available in the past few years. Regis expects more opportunities to become available, and intends to make more acquisitions in the Duketon area to consolidate the project position……..”

Background

Regis Resources Ltd is an ASX listed company currently developing the Duketon Gold Project and exploring for gold and nickel on its extensive tenement holdings in the Laverton-Leonora district of Western Australia. The Duketon Gold Project has a 3.5 million ounce resource based on the main Moolart Well deposit and seven satellite deposits, all of which are located on granted Mining Leases. The initial Project development is planned to be a 7 year operation at a throughput of 2.5-3.5 million tonnes per annum producing an average of 200,000 ounces of gold per annum, initially based on the Moolart Well, Erlistoun and Dogbolter deposits, with a central milling facility to be constructed at the Moolart Well mine site. Feasibility studies and statutory permitting processes are well advanced.

Yours sincerely

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David Walker Managing Director

For further information contact:

Mr David Walker Dr Michael Folie Managing Director Chairman Regis Resources Ltd Regis Resources Ltd 03 8602 6500 03 8602 6500

The technical information contained in this report has been reviewed by Mr. David Walker who is a Member of the Australasian Institute of Mining and Metallurgy and has more than 20 years experience in the exploration industry.

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