GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2014

Jun 23, 2014

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GEOPACIFIC RESOURCES LIMITED ACN 003 208 393

ASX ANNOUNCEMENT IMPROVED TERMS ON KOU SA ACQUISITION

ASX Code: GPR

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

The Board of Geopacific Resources Limited (“Geopacific”) wish to advise that they has successfully concluded negotiations with the Vendors of the KOU SA Copper-Gold Project in Cambodia (“KOU SA”) which significantly improve the terms for the acquisition of KOU SA.

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

Under the existing terms of the Acquisition Agreement, Geopacific was scheduled to make a US$14.0 million payment to the Vendors on 31 January 2015 to acquire KOU SA.

The new terms require Geopacific to pay US$1.4 million on the 31 January 2015 with the balance of the US$14.0M acquisition cost payable in instalments every six (6) months beginning on 31 July 2015 and ending on 31 December 2016.

Geopacific’s Managing Director Ron Heeks advised:

“ We are extremely pleased with the support and cooperation we have received from the Vendors in re-negotiating the terms of the Agreement to accommodate current market conditions.

DIRECTORS

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

As a result Geopacific is now in a strong position to advance KOU SA towards the calculation of an initial JORC resource.”

PROJECTS

CAMBODIA: Kou Sa Copper

For and on behalf of the Board

FIJI:

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

Mr John Lewis Company Secretary 23 June 2014

MEDIA CONTACTS

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