GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2015

Jul 13, 2015

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14 July 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

SUCCESSFUL COMPLETION OF INSTITUTIONAL COMPONENT OF RIGHTS ISSUE

Geopacific Resources Limited (“Geopacific” or the “Company”) is pleased to announce that the institutional component of the 10 for 21 accelerated nonrenounceable rights issue (“Rights Issue”) announced on 10 July 2015 has closed, raising approximately $7.5 million through the issue of 137,665,015 ordinary shares in the Company. The institutional component was conducted at an issue price of 5.5 cents per share.

Shares issued under the institutional component of the Rights Issue will rank equally with existing fully paid ordinary shares with allotment and quotation of the new shares expected to take place on 22 July 2015.

The close of the institutional component of the Rights issue completes the first stage of the Rights Issue.

The second stage is the Retail Component of the Rights Issue (“Retail Offer”), which will open on 20 July 2015 and is expected to close at 5.00 pm (WST) on 29 July 2015.

Under the terms of the Retail Offer, Eligible Retail Shareholders of the Company will be entitled to subscribe for 10 new shares, at an issue price of 5.5 cents per share, for every 21 existing shares held by them at the record date, being 15 July 2015.

Further details of the Retail Offer will be set out in the Prospectus which will be mailed to Eligible Retail Shareholders by 20 July 2015. Eligible Retail Shareholders should carefully read the Prospectus to decide whether or not to participate in the Retail Offer.

The Rights Issue is Fully Underwritten by Blue Ocean Equities Pty Ltd and is Sub-Underwritten by Resource Capital Fund VI LP (“RCF”) and Tembo Capital Mining Fund LP (through one of its associated companies) (“Tembo”) to the full $14.0 million. 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.

GPR’s Managing Director Ron Heeks said “ The Institutional Offer was supported by the Company’s two major shareholders RCF and Tembo resulting in a 100% take up of the offer. We are extremely pleased with the support of these major shareholders.”

The trading halt that was implemented on Friday 10 July 2015 is expected to be lifted at market open today 14 July 2015.

For and on behalf of the Board

John Lewis Company Secretary