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HAVILAH RESOURCES LIMITED M&A Activity 2011

Oct 13, 2011

65038_rns_2011-10-13_06a3ea60-e838-48bd-b4ea-b24f71e7f5e6.pdf

M&A Activity

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Geothermal Resources Limited 63 Conyngham Street Glenside 5065 South Australia phone 61 8 8338 9292 fax 61 8 8338 9293 email [email protected] ABN 45 115 281 144

The Manager Company Announcements Office Australian Securities Exchange 10th Floor, 20 Bond Street

SYDNEY NSW 2000 14 October 2011

Dear Sir/Madam

Notice of despatch of Target’s Statement in respect to off-market takeover bid by Havilah Resources NL for all of the shares of Geothermal Resources Limited

Geothermal Resources Limited refers to its Target’s Statement lodged with ASX on 5 October 2011, prepared in response to Havilah Resources NL’s Bidder’s Statement dated 4 October 2011.

We advise that the Target’s Statement was despatched to shareholders yesterday.

Please note the following key dates : Offer Opens : 13 October 2011 Conditions Notice Date : 7 November 2011 Close Date : 14 November 2011

Yours faithfully Geothermal Resources Limited

Ken Williams Deputy Chairman

Enquiries should be directed to Mr Ken Williams, Deputy Chairman, on (08) 83389292

www.geothermal-resources.com.au