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RESOURCE GENERATION LIMITED - Resource Generation to acquire new coal tenements

Release Date: 23/08/2012 09:15:00      Code(s): RSG     
Resource Generation Limited
Registered in Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 059 950 337
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the ?Company?) 

Resgen to acquire new coal tenements

Resgen, which is developing one of South Africa?s largest
remaining coal deposits, announced earlier this year that it had agreed to a put option
under which it could acquire further coal tenements from Exxaro Resources. Exxaro has
exercised the put option, which is subject to approval by the Department of Mineral
Resources (DMR) under Section 11 of the Mineral and Petroleum Resources
Development Act, 2002.

Boikarabelo Mine Schematic 
For the release with pictures and schematics, please refer to the Company`s website hosted at www.resgen.com.au

The coal tenements are contiguous to the company?s existing tenements and are
highlighted in red on the map above, including Swelpan and Kleinpan which land is
owned by Resource Generation. The consideration payable is not material to the
company?s existing cash reserves and is not due to be paid until the DMR has approved
the transfer to Ledjadja, Resource Generation?s BEE subsidiary. From prior experience
with Section 11 approvals, this process is not likely to be completed before mid-2013.

Should the DMR approve the transfer, the Boikarabelo mine will increase its total
resources by 31%*. The following table reflects resources and reserves, excluding 50%
for shale content, after the transfer.

 Measured    Indicated    Inferred     Total     Probable
 Resource    Resource    Resource    Resource    Reserve
    (Mt)        (Mt)         (Mt)       (Mt)        (Mt)
  1,090.5     1,526.2      1,479.6    4,096.3      744.8

Resource Generation Limited (ACN 059 950 337)             
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013

*Information in this release that relates to exploration results, mineral resources or ore reserves is based on
information compiled by Mr Dawie Van Wyk who is a consultant to the Company and is a member of a Recognised
Overseas Professional Organisation. Mr Van Wyk has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the ?Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves?. Mr Van Wyk has given and has not withdrawn his consent to the inclusion in the
release of the matters based on his information in the form and context in which it appears.

23 August 2012

JSE Sponsor:
Macquarie First South Capital (Proprietary) Limited

Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000

Media enquiries
Anthony Tregoning (02) 8264 1000

Resource Generation is developing the Boikarabelo coal mine in the Waterberg
region of South Africa where there are probable reserves of 744.8 million tonnes of
coal on 35% of the tenements under its control. Stage 1 of the mine development
targets saleable coal production of 6 million tonnes per annum.

Resource Generation Limited (ACN 059 950 337)             
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013

Date: 23/08/2012 09:15:00 Supplied by www.sharenet.co.za                     
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