GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2014

Nov 27, 2014

SUCCESSFUL PLACEMENT - $2.5 MILLION

27 November 2014

GEOPACIFIC RESOURCES LIMITED ACN 003 208 393

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

MEDIA CONTACTS

Collins Street Media Ian Howarth + 61 3 9223 2465

Geopacific Resources Ltd (“t he Company ”) advises that it has completed a Placement to Institutional and Sophisticated Investors of up to 43,478,260 shares at 5.75 cents per share raising $2.5 million.

Funds raised from this Placement will further advance exploration activities at its Kou Sa project in Cambodia.

The Company’s Managing Director Ron Heeks advised:

“ Investor support for the Company, in this very difficult market, is outstanding. Continual high-grade drilling results from several new discoveries at Kou Sa over the past few months has now attracted institutional interest. A recent broker/investor site visit demonstrated the projects potential.

We expect Kou Sa to continue to produce compelling results as we move toward our initial resource estimate. ”

PLACEMENT DETAILS:

PLACEMENT DETAILS:
Existing Issued Shares	290M
Placement Shares	43M
Projected Total Issued Shares	333M

The Company will issue up to 43,478,260 fully paid ordinary shares at an issue price of 5.75 cents per share to raise $2.5 million pursuant to the authority granted by Shareholders at the Company’s EGM on 17 October 2014 to issue up to 50 Million shares.

Settlement of the placement is expected to occur on 9 December 2014 with the new shares expected to be allotted and to commence trading on the ASX on 10 December 2014. The new shares will be tradeable and ASX listed and will rank pari-passu with existing issued shares.

Syntella Partners, a division of Trump Securities, LLC and BBY Limited acted as Co-Lead Managers to the Placement.

SAME OFFER TO EXISTING SHAREHOLDERS

Geopacific is preparing a pro-rata, non-renounceable rights issue offering shares at the same price as the placement to allow existing shareholders to participate. Further details regarding the rights issue (including lodgement of an Appendix 3B) will be announced to the ASX shortly. It is proposed that BBY Ltd will act as Lead Managers and Underwriters to the Rights Issue.

As a result of the successful completion of this capital raising, Geopacific requests the ASX lifts the Voluntary Suspension granted on 27 November 2014.

For and on behalf of the Board

Mr John Lewis Company Secretary