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Resource Generation Limited - Funding Update

Release Date: 22/06/2015 11:00:00      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
("Resource Generation")

22 June 2015

ASX Release

Funding Update

Resource Generation (the Company) has received numerous recent enquiries about the status of its
funding, accordingly it has decided to provide an update. As previously announced the Company
has been negotiating with various parties including a club of potential financiers to provide project
finance for the construction of the Boikarabelo mine.

Negotiations are still continuing with the previously announced club of financiers with work
continuing on an extensive terms sheet and bank case financial model. The process in reaching an
agreed term sheet has been protracted due to several factors including the variable nature of the
envisaged loan structure and maintaining deliverable outcomes within prevailing debt and coal
markets.

Expectations are that the project finance will provide all required remaining funding for the mine
construction. Consequently, if the proposed facility is made available, the Company does not
envisage the need for an associated equity raising.

In addition to the above, the Company continues to explore alternative funding arrangements.

Contacts
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 (refer ASX announcement dated
 16 December 2010). Stage 1 of the mine development targets saleable coal
 production of 6 million tonnes per annum.
*This information was prepared and first disclosed under the JORC Code 2004. It has not been
updated since to comply with the JORC Code 2012 on the basis that the information has not
materially changed since it was last reported.

JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 22/06/2015 11:00:00 Supplied by www.sharenet.co.za                     
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