GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2013

Sep 17, 2013

GEOPACIFIC RESOURCES NL ACN 003 208 393

ASX ANNOUNCEMENT

RIGHTS ISSUE OFFER DOCUMENT DISPATCHED

ASX Code: GPR

info@geopacific.com.au www.geopacific.com.au

AUSTRALIAN OFFICE

Level 1, 278 Stirling Highway Claremont, WA 6010 PO Box 439 Claremont, WA 6910 T +61 8 6143 1823

FIJI OFFICE

PO Box 9975 Nadi Airport Nadi T +679 6 72 7150 F +679 6 72 7152

DIRECTORS

Chairman: Milan Jerkovic Managing Director: Ron Heeks Non-Exec Director: Mark Bojanjac Non-Exec Director: Russell Fountain Company Secretary: John Lewis

Geopacific Resources N L (“Geopacific” or the “Company”) announces that it has dispatched a Rights Issue Offer Document together with a personalised Entitlement and Acceptance Form to eligible shareholders today.

As announced on 6 September 2013, eligible shareholders may subscribe for shares in the Company at AU$0.05 per share on the basis of ten (10) New Shares for every Seventeen (17) existing shares held by them on the record date of 17 September 2013. The Rights Issue will involve the issue of up to 60 million New Shares to raise up to AU$3.0 million.

The proceeds of the rights issue will complete the AU$6.6 million Funding Package announced by the Company on 7 August 2013 the cornerstone of which is the US$3.0 million Placement at AU$0.05 per share with Resource Capital Funds IV.

The funding package will allow Geopacific to advance its immediate exploration program stimulated by the compelling initial results to date at both the Kou Sa Project in Cambodia and the Sabeto Project in Fiji. Further details of the Kou Sa Project in Cambodia are included over the page.

The Rights Issue offer will remain open until 8 October 2013. The offer timetable for the Rights Issue is set out on the following page.

PROJECTS

CAMBODIA: Kou Sa Copper

FIJI: Sabeto/Vuda Gold-Copper Rakiraki Gold Nabila Copper-Gold

For further information on your entitlement, please contact your professional advisor, the Company or Geopacific’s share registry, Boardroom Pty Limited (within Aust.) on 1300 737 760 or (outside Aust.)+ 61 2 9290 9600.

John Lewis Company Secretary 18 September 2013

RIGHTSISSUETIMETABLE
EVENT	DATE
Announce Rights Issue & Placement. Securities quoted on “cum” basis.	6 September 2013
Offer Document lodged with ASX.	9 September 2013
Securities are quoted on an “ex” basis.	11 September 2013
Record Date to determine security holders entitled to participate.	17 September 2013
Offer Document sent to shareholders.	18 September 2013
Acceptances close at 5pm AEDT.	8 October 2013
ASX notified of under subscriptions.	11 October 2013
Last day for securities to be entered into holders’ security holdings.	16 October 2013
Normal trading starts.	17 October 2013

About the Kou Sa Copper Project

Geopacific has entered into a sale agreement with Golden Resources Development Co. Ltd (“GRD”), a South Korean controlled Cambodian company, for an option to acquire an 85% interest in the highly prospective Kou Sa Copper Project in Northern Cambodia. The remaining 15% has been acquired by a subsidiary of WWM’s Cambodian partner, The Royal Group.

The Kou Sa Project is located in Cambodia’s Chep district, Phreah Vihear province. Kou Sa is a 3 hour drive from Siem Reap International airport and directly adjacent to a regional highway. The project was originally discovered by BRGM geologists in the 1960’s before the Vietnamese and regional civil wars. No further work was conducted until 2008, when GRD commenced exploration activities.

The geology of the tenement is dominated by dacitic to rhyolitic volcaniclastic rocks with minor lenses of limestone and sediments. Quartz-feldspar porphyry intrusions are noted in the drilling with outcropping dacitic porphyry observed in the west of the tenement. Known mineralisation on the tenement comprises structurally-hosted semi-massive copper sulphide veins.

Kou Sa has had approximately 4,000m of diamond drilling undertaken in 2011 & 2012, on several areas within the 158km[2] tenement. Only 2,000m of this drilling had been previously sampled using non-standard methods. The available drilling provided a good indication of the type of mineralisation that could be expected at Kou Sa, with excellent near surface massive and semi-massive sulphide intersections being evident. Subsequent sampling by Geopacific’s exploration team of all drill core revealed, that the early results were accurate. In most cases, the entire mineralisation zone had not been previously sampled and therefore the final results generated by Geopacific produced wider zones of mineralisation than first estimated. True widths are still yet to be determined.

Initial mapping of the tenement by our exploration team showed the two best project areas drilled to date, the 100 & 117 Areas appear to be on the same structure. Regional gridded soil geochemical sampling has identified a ~16km long zone of copper anomalism intersected by areas of transported material, with the

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best results coming from the Prospect 100 & 117 areas. A 2km diameter zone of copper in soil anomalism is noted south-east of the tenement.

Figure 1: Kou Sa project & prospect location map

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Competent Persons Statement

The information in this announcement that relates to exploration results is based on information compiled by or under the supervision of Ron Heeks, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and Managing Director of Geopacific.

Mr Heeks has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Heeks consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

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