GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2016

Aug 22, 2016

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23 August 2016

PLACEMENT UNDER LISTING RULE 7.1A

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 Company Secretary: John Lewis

PROJECTS

PAPUA NEW GUINEA: Woodlark Gold

CAMBODIA: Kou Sa Copper

As announced on 18 August 2016 the Company undertook a placement of approximately $15.0 million, at an issue price of $0.043 per share, with a select group of professional and sophisticated investors.

As part of this placement, on 23 August 2016, the Company issued 54,251,733 shares pursuant to Listing Rule 7.1 and 84,959,358 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 Woodlark Island Gold Project, its Kou Sa project in Cambodia, its Fiji projects 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 9.1 %.

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

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.

FIJI:

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

• (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 $182,663.

For and on behalf of the Board

John Lewis Company Secretary