RESOURCE GENERATION LIMITED - Interim Fund Raising and Offtake Contract Signed

Interim Fund Raising and Offtake Contract Signed

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”)    

                   Interim Fund Raising and Offtake Contract Signed

Resource Generation has agreed to issue a secured debenture to Noble Resources
International Pte. Ltd. (a wholly owned subsidiary of the Noble Group) (Noble) to raise
$20 million cash to augment available funding and progress construction activities at its
Boikarabelo coal mine. Funds are expected to be received by 9 January 2013 and are on
normal commercial terms. The debenture will be repayable in December 2013. The
raising has been necessary due to a delay in the completion of the project debt finance
from the Company’s initial expectations.

An export coal offtake contract for 2.5 million tonnes of coal has also been entered into
with Noble, with supply after production commences at the Boikarabelo mine. Coal
prices will be set by reference to an internationally recognised index at the time of each
shipment.

Resource Generation and Noble have agreed to have good faith discussions with regards
to a strategic marketing alliance for Boikarabelo coal.

Noble Group is a global supply chain manager of agricultural and energy products and
metals, minerals and ores. Noble Group is listed in Singapore (SGX:N21), with
headquarters in Hong Kong, and operates from over 140 locations.

7 January, 2013
Sydney

JSE Sponsor
Macquarie First South Capital (Pty) Limited



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. Stage 1 of the mine development
targets saleable coal production of 6 million tonnes per annum.




Resource Generation Limited (ACN 059 950 337)             www.resgen.com.au
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: 07/01/2013 07:05:00 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.