GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2013

Sep 5, 2013

GEOPACIFIC RESOURCES NL ACN 003 208 393

ASX ANNOUNCEMENT

NON RENOUNCEABLE 10 for 17 RIGHTS ISSUE

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

PROJECTS

CAMBODIA: Kou Sa Copper

FIJI:

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

Geopacific Resources N L (“Geopacific” or the “Company”) announces the release of its Non-Renounceable Rights Issue (“Rights Issue”). Under the Rights Issue, existing eligible shareholders of the Company will be offered 10 new shares for every 17 shares held by them at the Record Date.

The Rights Issue will raise up to A$3.0 million at $0.05 per new share. The Rights Issue is part of a larger Funding Package announced on 7 August 2013. This Funding Package includes an equity placement of USD$3.0 million with Resource Capital Fund VI L.P (or its associates). (“RCF VI”) (“Placement”). The Placement is subject to a number of conditions, including the Company raising AUD$3.0 million under the Rights Issue

RCF VI will be issued approximately 66 million shares at an issue price of AUD$0.05 cents per share. At the completion of the funding package RCF VI will have an interest in GPR of approximately 28%.

The Placement will form the cornerstone of the overall funding strategy that will allow GPR to actively pursue its exploration activities.

The Placement will be subject to shareholder approval and the conditions of the Placement being met. It is expected to be available for draw down upon the completion of the Rights Issue.

The Record Date for participation in the Rights Issue is Tuesday 17 September 2013. The Closing Date for the Rights Issue is Monday 7 October 2013.

The Non-Renounceable Rights Issue Offer will be made to eligible shareholders in an Offer Document which includes a personalised entitlement and acceptance form (Application Form). The Offer Document provides further details on how to participate in the Rights Issue.

The net proceeds of the Funding Package will be used by the Company to aggressively pursue its exploration priorities in the Company Kou Sa project in Cambodia.

The Offer Document is available on the Company’s website at www.geopacific.com.au and from the Companies registered office at Level 1, 278 Stirling Highway Claremont 6010.

Any person considering acquiring shares under the Rights Issue should read the Offer Document carefully. Applications for shares under the Rights Issue may only be made using the Application Form to be attached to, or accompanying the Offer Document. Shares will only be issued on the basis of an Application Form issued together with the Offer Document.

This following timetable is indicative only. Subject to the Corporations Act and ASX Listing Rules, Geopacific reserves the right to vary the dates and times in connection with the Rights Issue, including the closing date, without prior notice.

EVENT	DATE
Announce Rights Issue & Placement. Securities quoted on “cum” basis.	Friday 6 September 2013
Offer Document lodged with ASX.	Monday 9 September 2013
Securities are quoted on an “ex” basis.	Wednesday 11 September 2013
Record Date to determine security holders entitled to participate.	Tuesday 17 September 2013
Offer Document sent to shareholders.	Wednesday 18 September 2013
Acceptances close at 5pm AEDT.	Monday 7 October 2013
Securities quoted on a deferred settlement basis.	Tuesday 8 October 2013
ASX notified of under subscriptions.	Thursday 10 October 2013
Last day for securities to be entered into holders’ security holdings.	Tuesday 15 October 2013
Normal trading starts.	Wednesday16 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 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.

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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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