GEOPACIFIC RESOURCES LTD — Share Issue/Capital Change 2008

Oct 21, 2008

G

Geopacific Resources NL

ACN No. 003 208 393

556 Crown Street Surry Hills NSW 2010 Tel: +61 2 9699 7311 Fax: +61 2 9699 7322

22[nd] November 2008

Company Announcements Platform ASX Ltd

RELEASE OF SHARES FROM ESCROW

We advise that the escrow period in respect of 4,000,000 ordinary shares and 5,000,000 options under escrow will expire on 6 December 2008.

An Appendix 3B to request listing of the shares will be issued at that time.

Yours faithfully Geopacific Resources NL

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Grahame Clegg

Company Secretary

Directors: R J Fountain* (Chairman) , I J Pringle (Managing), W A Brook, R H Probert* , I N A Simpson, *Non-Executive

G Clegg (Company Secretary)