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Rsg - Resource Generation Limited - Update Regarding Mining Right

Release Date: 18/08/2011 10:47:48      Code(s): RSG
RSG - Resource Generation Limited - Update regarding Mining Right               
Resource Generation Limited                                                     
(Incorporated and registered in Australia)                                      
(Registration number ACN 059 950 337)                                           
Share code on the JSE Limited: RSG ISIN: AU000000RES1                           
Share code on the Australian Stock Exchange Limited: RES ISIN: AU000000RES1     
(JSE short name: "Resgen" or "the Company")                                     
Update regarding Mining Right                                                   
Resource Generation Limited has been made aware that an appeal has been lodged  
with the South African Department of Mineral Resources regarding the granting of
the Boikarabelo Mining Right to Ledjadja Coal (Pty) Limited.                    
The Mining Right remains valid, as the appeal does not suspend the Mining Right.
The appeal has been lodged by three individuals whose farms are located in the  
area of the proposed mine, the nearest being 13km away.  The objections raised  
are of a general nature and are substantially the same as those lodged by the   
same parties during the public consultation phase of the Mining Right           
Application process, which were considered in the granting of the Mining Right. 
There is a statutory process to be followed and at this stage no formal         
notification has been received.                                                 
The Company is confident that the Mining Right will be confirmed at the end of  
that statutory process.  The Company is continuing its normal activities to     
develop the Boikarabelo mine.                                                   
This announcement was released on the ASX on 12 August 2011.                    
Sydney, Australia                                                               
18 August 2011                                                                  
Contacts                                                                        
Paul Jury, Managing Director on (02) 9376 9000 or                               
Steve Matthews, Company Secretary on (02) 9376 9000                             
JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited                   
Resource Generation has coal interests in South Africa and Tasmania.  Its       
current priority is to develop its planned Boikarabelo mine in the Waterberg    
region of South Africa where there are probable reserves of 744.8 million tonnes
of coal on 35% of the company`s tenements.                                      
Date: 18/08/2011 10:47:48 Supplied by www.sharenet.co.za                     
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