GEOPACIFIC RESOURCES LTD — Capital/Financing Update 2018

Sep 5, 2018

ASX: GPR 6 September 2018

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On Market Share Sale to Existing Shareholders

Geopacific Resources Ltd (Geopacific ASX: GPR ) notes that Pacific Road Capital has today sold its 6% shareholding in Geopacific on market to a range of existing institutional and sophisticated shareholders.

Pacific Road became a shareholder in Geopacific through acceptance of Geopacific’s takeover offer for Kula Gold Limited in 2017. The Geopacific shares were held in a Pacific Road fund that is approaching the end of its term.

Geopacific welcomes the support of its existing shareholders which purchased the Pacific Road holding. The share trade was facilitated by Petra Capital.

As previously advised, Geopacific remains on track to complete the Definitive Feasibility Study for its Woodlark Gold Project by the end of September 2018. The Pre-Feasibility Study, released on 12 March 2018, demonstrated the potential for Woodlark to be a robust, low cost and low stripping operation capable of processing the current 1 million ounce Reserve[1] .

A major regional exploration campaign across Woodlark Island is now underway with the objective of growing the current 1.57 million ounce Mineral Resource. A regional sampling program underway has returned high-grade rock chip sampling and identified a number of major gold soil anomalies. The first drilling of a number of these exciting new targets will begin in October 2018.

Geopacific has also engaged Ironstone Capital to assist with securing finance for the Woodlark project.

Contact

For further information on this update or the Company generally, please visit our website at www.geopacific.com.au or contact:

Mr. Ron Heeks

Managing Director

Company detailsBoardProjects	Company detailsBoardProjects	Company detailsBoardProjects	Company detailsBoardProjects	Company detailsBoardProjects	Company detailsBoardProjects	Company detailsBoardProjects
Geopacific Resources LimitedACN 003 208 393ASX Code: GPRinfo@geopacific.com.auhttp://www.geopacific.com.auT +61 8 6143 1820HEAD OFFICELevel 1, 278 Stirling Highway, Claremont WA 6010.PO Box 439, Claremont WA 6910.Milan JerkovicChairmanRon HeeksManaging DirectorPhilippa LeggatExecutive DirectorMark BojanjacNon-Executive DirectorIan ClyneNon-Executive DirectorColin GilliganNon-Executive DirectorMatthew SmithCompany SecretaryPAPUA NEW GUINEAWoodlark Island GoldCAMBODIAKou Sa CopperFIJINabila Gold, Rakiraki Gold, Sabeto Gold-Copper, Vuda Gold-Copper, CakaudroveGold-Silver
	eopacific ResCN 003 208 3SX Code: GPR	ources Limited93	Milan JerkovicChaiRon HeeksManagiPhilippa LeggatExe	manng Directorcutive Director PAPUAWoodlaCAMBOKou Sa	NEW GUINEArk Island GoldDIACopper
	nfo@geopacif	c.com.auopacific.com.au820g Highway, Claremontmont WA 6910.	WA 6010.Mark BojanjacNonIan ClyneNon-ExecColin GilliganNon-Matthew SmithCo	-Executive Directorutive DirectorExecutive Directormpany Secretary FIJINabila GCopper,Gold-Sil	old, Rakiraki Gold,Vuda Gold-Copperver	Sabeto Gold-, Cakaudrove
	ttp://www.ge
	+61 8 6143 1EAD OFFICEevel 1, 278 StirlinO Box 439, Clare

1 All material assumptions underpinning the production target and forecast financial information continue to apply and have not changed materially.

Geopacific Resources Limited

www.geopacific.com.au

Competent Person’s Statement

The information in this announcement that relates to exploration results and exploration targets is based on information compiled by or under the supervision of James Kerr, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and General Manager, Geology for Geopacific. Mr Kerr has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Kerr consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Woodlark Mineral Resources is based on information compiled and reviewed by Mr Nicholas Johnson, a Competent Person who is a Member of the Australian Institute of Geoscientists and a full-time employee of MPR Geological Consultants Pty Ltd. Mr Johnson has sufficient experience which is relevant to the style of mineralization and type of deposits under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the JORC Code 2012 and is a qualified person for the purposes of NI43-101. Mr Johnson has no economic, financial or pecuniary interest in the company and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Woodlark Mineral Reserves is based on information compiled and reviewed by Mr John Battista, a Competent Person who is a Member and Chartered Professional of the Australian Institute of Mining and Metallurgy (AusIMM) and a full-time employee of Mining Plus Pty Ltd. Mr Battista has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the JORC Code 2012 and is a qualified person for the purposes of NI43-101. Mr Battista has no economic, financial or pecuniary interest in the company and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Geopacific Resources Limited are forwardlooking statements. When used in this announcement, forward-looking statements can be identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’ or ‘intends’ and other similar words that involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the company, its directors and management of Geopacific Resources Ltd that could cause Geopacific Resources Limited’s actual results to differ materially from the results expressed or anticipated in these statements.

Geopacific Resources Ltd cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Geopacific Resources Ltd does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing requirements. Woodlark is permitted by the PNG Government, subject to meeting the conditions of the licence.

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Woodlark Global Resources

Category	Tonnes	Grade	Ounces
(>0.4g/t lower cut)	(Mt)	(g/t Au)	(Koz)
Measured	21.24	1.10	754
Indicated	18.94	0.98	597
Inferred	6.80	1.00	222
Total	47.00	1.04	1,573

Woodlark Ore Reserves

Total by deposit	Category	Tonnes	Grade	Ounces
	(>0.3g/t lower cut)	(Mt)	(g/t Au)	(oz)
Busai	Proven	11.0	0.92	326,100
	Probable	5.2	0.78	131,200
Kulumadau	Proven	8.6	1.23	338,500
	Probable	6.4	1.02	209,500
Woodlark King	Proven	2.4	0.92	70,400
	Probable	1.1	0.71	25,900
	Proven	22.0	1.04	735,000
Total Ore Reserve	Probable	12.7	0.90	366,600
	Total	34.7	0.99	1,101,600

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