GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2014

Jul 13, 2014

ASX ANNOUNCEMENT

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

PLACEMENT UNDER LISTING RULE 7.1A

As announced on 3 July 2014 the Company undertook a placement of $5.0 million with a select group of professional and sophisticated investors. As part of this placement the Company issued 17,874,472 shares pursuant to Listing Rule 7.1 and 24,479,052 shares pursuant to Listing Rule 7.1A.

The funds raised from this placement will be invested by the Company into its exploration activities at its Kou Sa project in Cambodia and for general working capital.

The following information is provided in accordance with Listing Rule 7.1A.4 (b) with respect to the above placement:

• (a) Details of the dilution to shareholders of ordinary securities caused by the issue;

Dilution to existing shareholders as a result of the issue under Listing Rule 7.1A is 8.53%.

• (b) A statement of the reason why the securities were issued as a placement pursuant to Listing Rule 7.1A;

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

The Company issued shares to institutional and sophisticated investors as it was considered to be a more efficient and expedient method for raising funds to achieve its stated objectives. The placement did not expose the Company to market volatility that might have been experienced over a more protracted raising process such as a rights issue.

• (c) Details of any underwriting agreements

No underwriting agreements were in place for the placement.

• (d) Any other fees and costs incurred in connection with the issue

Fees and costs incurred by Geopacific in connection with the Listing Rule 7.1A placement were $77,007.

MEDIA CONTACTS

Collins Street Media Simon Jemison +61 3 9224 5319 Ian Howarth + 61 3 9223 2465

For and on behalf of the Board

John Lewis Company Secretary

14 July 2014