SUREFIRE RESOURCES NL — Capital/Financing Update 2004

Nov 11, 2004

ACN 083 274 024

GENESIS BIOMEDICA

5th Floor, 52 Phillip St, SYDNEY 2000 Telephone 61-2-9252 7380 Facsimile 61-2-9252 8466

TO: COMPANY ANNOHNCEMENTS OFFICE COMPANY: AUSTRALIAN STOCK EXCHANGE LIMITED SHANE HARTWIG - COMPANY SECRETARY FROM: DATE: 12th November 2004

GENESIS BIOMEDICAL ANNOUNCES COMPLETION OF PLACMEMENT

Genesis Biomedical Limited ("GBL" or "the Company") is pleased to announce that it has completed the recently announced placement of 10,000,000 shares at a price of $0.03 to raise $300,000. The funds raised from this placement will be used for working capital purposes.

For further information please contact the Company on (02) 9252 8455.