GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2015

Aug 3, 2015

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4 August 2015

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

NOTIFICATION OF CLOSURE OF RETAIL COMPONENT OF NONRENOUNCEABLE RIGHTS ISSUE

Geopacific Resources Limited (ASX: GPR) (“Company”) advises that the retail component (“Retail Offer”) of the Non-Renounceable Rights Issue announced on 10 July 2015 (“Rights Issue”) closed at 5.00pm (WST) on 29 July 2015, raising approximately $1.1 million through the issue of 20,022,745 New Shares. The Retail Offer was conducted at an issue price of 5.5 cents per New Share.

As previously announced, the institutional component of the Rights Issue (“Institutional Offer”) closed on 14 July 2015 resulting in the issue of 137,665,015 New Shares.

The following table sets out the number of New Shares subscribed for by the Eligible Shareholders under the Rights Issue and the number of under-subscriptions.

Rights Issue Offer	Number ofNew Shares	GrossProceeds	PercentageofMaximum
Maximum number of NewShares that could be issuedunder the Rights Issue.	255,734,490	$14,065,397	100%
Institutional Offer subscriptions	137,665,015	$7,571,576	54%
Retail Offer subscriptions	20,022,745	$1,101,251	8%
Rights Issue shortfall (undersubscriptions)	98,046,730	$5,392,570	38%

As previously announced, the Rights Issue is fully underwritten. Under the terms of the underwriting agreement between the Company and Blue Ocean Equities Pty Ltd (the “Underwriter”), the Underwriter will subscribe for/or procure third parties to subscribe for the Shortfall Shares. In addition, Resource Capital Funds VI LP and Ndovu Capital IV B.V. have agreed to jointly sub-underwrite up to 100% of the Rights Issue. The Company will use the funds raised under the Rights Issue towards further exploration on the Kou Sa Project and the Company’s Fiji projects as well as for general working capital.

New Shares issued under the Retail Offer and the Rights Issue shortfall will rank equally with the Company’s existing shares. Settlement of the Retail Offer and the Rights Issue shortfall will occur on 5 August 2015. Subject to ASX approval, quotation of the New Shares issued under the Retail Offer will commence on 7 August 2015.

For and on behalf of the Board

Mr John Lewis Company Secretary

ABOUT GEOPACIFIC AND KOU-SA, CAMBODIA

The Company

Geopacific is actively exploring for copper and gold in Cambodia and Fiji. In Cambodia, its rapidly advancing Kou-Sa copper-gold project is a well-funded exploration vehicle in a highly prospective district. With a proven management team, focused strategy and compelling results, exploration success is expected to continue and add to the potential size of the project.

Kou Sa Ownership

In 2013, Geopacific (85%) and their JV Partner The Royal Group (15%) signed a purchase agreement to acquire 100% of the Kou Sa Project from the vendor, Golden Resources Development Co (GRRC). The Kou Sa Project covers 158km[2] .

The Royal Group is the largest conglomerate in Cambodia. They have entered into corporate ventures in Cambodia with the likes of ANZ and Siemens.

Kou Sa Location

Kou-Sa is in Cambodia’s Chep district in the province of Phreah Vihear. The Project is a 3 hour drive from Siem Reap international Airport or alternatively a 5 hour drive from the capital city of Phnom Penh, both routes follow high-quality bitumen highways.

Kou Sa Discovery

Kou-Sa was identified by French geologists in the 1960’s, predating the Vietnamese and regional civil wars. In 2009, the Vendors (GRD) began shallow drilling along parts of visibly outcropping mineralisation. In 2013, after agreeing to purchase the Project, Geopacific commenced detailed exploration with airborne magnetics (3,800 line kms), regional soil geochemistry (approx. 8,000 samples) and detailed IP and EM geophysics. The work undertaken allowed Geopacific to identify a number of high priority prospects in an East – West arc across the project area. Geopacific has continued exploration with encouraging results.

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Figure 1: Kou Sa Prospect Location Map

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