GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2010

Jul 6, 2010

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Company Announcements Platform ASX Ltd 20 Bridge Street Sydney, NSW 2000

SHARE PLACEMENT

We refer to the placement of 4,166,669 shares, at 60 cents per share placed by Southern Cross Equities and Hartleys which was announced earlier today..

CLEANSING NOTICE

Secondary Trading Exemption

The Corporations Act 2001 ( “ the Act” ) restricts the on-sale of securities without disclosure, unless the sale is exempt under Section 708 or 708A of the Act. By the Company giving this notice, a sale of the shares noted above will fall within the exemption in Section 708A (5) of the Act.

The Company hereby notifies ASX under Paragraph 708A(5)(e) of the Act, that:

• a) the Company will issue the shares without disclosure to investors under part 6D.2 of the Act.

• b) as at the date of the offer, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and Section 674 of the Act; and

• c) as at the date of the Offer there is no information

  • i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of

    • A) the assets and liabilities, financial position and performance, profits and losses and prospects of the company; or

    • B) the rights and liabilities attaching to the shares.

Please call Dr Ian Pringle on 02 9699 7311 if you have any queries in relation to the above.

Regards

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Grahame Clegg Company Secretary Geopacific Resources NL