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Release Date: 21/06/2017 08:57:00      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? or the ?Company?)
     21st June 2017
     ASX Announcement

                                                                       Shareholder Update

This release is by way of update to our earlier releases of 14th March 2017 ? confirming that all
approvals had been obtained to accelerate the second drawdown under the extended Noble Facility
Agreement ? and of 31st May 2017 ? advising that a proposed all party meeting of Lenders had
been postponed to 14th June 2017.

Noble Facility Agreement

Payment of the second draw down under the facility in the sum of US$2,747,131 was received on
8th June 2017.

All Party Meeting

The meeting of lenders, including senior representatives and their advisers, was held in
Johannesburg on 14th June. Senior representatives from all the consortium of Lenders were in

The purpose of the meeting was to review all material EPC and logistics contracts and to address
matters outstanding from the lenders? legal due diligence. At the conclusion of the meeting, a small
number of items were identified to be addressed or produced including updating the financial model,
term sheet and finalisation of the funding terms of the rail link before the lenders are able to
commence their respective credit approval processes. We believe all outstanding items will be
delivered to the lenders no later than 31st July; and this should allow lenders to approach their credit
approval bodies thereafter.

Most the outstanding items are either under the Company?s direct control or very likely to be
delivered to the Company by third parties by end June or during July.

The meeting was positive and the Company is encouraged by the support for the project shown by
the lenders. The credit approval processes are estimated to be completed within approximately two
months from commencement.

Resource Generation Australia (ACN 059 950 337)
c/o Level 1, 17 Station Road, Indooroopilly, QLD, 4068
GPO Box 126, Albion QLD 4010. Phone +27 (012) 345 1057 Fax +27 (012) 345 5314
Directors: Denis Gately (Chairman), Lulamile Xate (Deputy Chairman), Robert Croll, Dr. Konji Sebati,
Colin Gilligan, Leapeetswe Molotsane, Manish Dahiya                                                    www.resgen.com.au
CEO: Rob Lowe
Company secretary: Mike Meintjes
Mining Charter 2017

On 15th June 2017, the Department of Mineral Resources in South Africa released the Mining
Charter 2017. This Charter includes new provisions in relation to minimum BEE ownership,
employment equity requirements, procurement activities, housing and living conditions and human
resource development. The Company will be working through the detail of the Charter and will be
consulting with the Government and Industry to clarify the implications. It should however be noted
that the Company?s project is already compliant with regard to the minimum BEE ownership
requirements under the new Charter.

A further update to the market will be released after the next Board Meeting scheduled for 26th July

Denis Gately
For and on behalf of the Board

About Resgen:

Resource Generation Limited (Resgen) is an emerging ASX and JSE-listed energy company,
currently developing the Boikarabelo Coal Mine in South Africa?s Waterberg region. The Waterberg
accounts for around 40% of the country?s currently known coal resources. The Coal Resources and
Reserves for the Boikarabelo Coal Mine, held through the operating subsidiary Ledjadja Coal, were
recently updated based upon a new mine plan and execution strategy. The Boikarabelo Coal
Resources total 995Mt and the Coal Reserves total 267Mt applying the JORC Code 2012 (ASX
Announcement :23 January 2017- In accordance with Listing Rule 5.23.2 the Company confirms that
it is not aware of any new information that would impact on the Reported Coal Resources and Coal
Reserves). Stage 1 of the mine development targets saleable coal production of 6 million tonnes per
annum. Ledjadja Coal is a Black Economic Empowerment subsidiary (BEE) operating under South
Africa?s Broad-based Black Economic Empowerment Act, Section 9(5): Codes of Good Practice

ResGen?s primary shareholders are the Public Investment Corporation of South Africa (PIC), Noble
Group and Altius Investment Holdings.

For further information please contact:

Mike Meintjes, Company Secretary on mmeintjes@resgen.com.au or +61 413 706 143

Media enquiries:

Australia: Martin Debelle on + 61 282 340 102

South Africa: Marion Brower on +27 11 880 3924

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

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Date: 21/06/2017 08:57:00 Supplied by www.sharenet.co.za                     
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