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GEOPACIFIC RESOURCES LTD Capital/Financing Update 2009

Nov 23, 2009

65008_rns_2009-11-23_24dc3be7-ba43-4685-9696-e1b335ddf898.pdf

Capital/Financing Update

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24 November 2009

The Company Announcements Office Australian Stock Exchange Limited Exchange Centre, Level 6, 20 Bridge Street SYDNEY NSW 2000

LIFTING OF ASX SUSPENSION

The Directors of Geopacific Resources NL ("the Company") advise that the Company's fully paid ordinary shares shall recommence trading on the ASX Limited (Code "GPR") as from 10:00AM EST on 24 November 2009.

The Company has completed a placement of 9,446,225 new ordinary shares to raise approximately $283,000 before costs. In addition, the Company has finalised an arrangement to underwrite a pro-rata non-renounceable entitlements issue to raise approximately $2,172,000 before costs. Details of these transactions are contained in a separate announcement.

The Directors thank Shareholders for their patience and considerable support during the last few days and look forward to providing further news about the progress of the Company’s exploration for gold and base metals in Fiji.

Dated 24 November 2009 By Order of the Board

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Ian Pringle Managing Director Geopacific Resources NL

LIFTING OF ASX SUSPENSION

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Geopacific Resources NL ACN 003 208 393 [email protected] www.geopacific.com.au

Australia – Sydney Fiji – Nadi 556 Crown St PO Box 9975 (PO Box 477) Nadi Airport Surry Hills, NSW 2010 Nadi AUSTRALIA FIJI T +61 2 9699 7311 T +679 6 720 166 F +61 2 9699 7322 F +679 6 720 206