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RSG - Resource Generation Limited - Sale of Tasmanian Assets Resource Generation Limited Registration number ACN 059 950 337 (Incorporated and registered in Australia) Share code on the JSE Limited: RSG Share code on the Australian Stock Exchange: RES ISIN Code: AU000000RES1 ("the Company") Sale of Tasmanian Assets Resource Generation Limited has agreed to divest its Tasmanian coal tenements through the sale of all its shares in Energy Investments Pty Limited and Tiger Coal Pty Limited for $1.5 million. In addition, Resource Generation will receive a royalty of $1.20 per tonne on all coal sold from any mine developed on these tenements. Following exploration and analysis the potential for the development of a mine, whilst present, would require funding and personnel commitments that would detract management from its main asset, the proposed Boikarabelo coal mine in South Africa, where there are probable reserves of 745 million tonnes of coal on 35% of the company`s tenements. Completion of the sale is targeted for 16 September 2011. The purchaser, which is a private company, has paid a non-refundable deposit of $150,000. Sydney, Australia 31 August 2011 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 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: 31/08/2011 09:01:16 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
