Clarification of incorrect media reports 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”) Clarification of incorrect media reports It has come to Resource Generation’s attention that recent media reports in Business Day and Mining MX in South Africa have erroneously referred to the proposed placement of shares to Blumont Group Limited (Blumont) as part of the recently completed entitlement offer. This is incorrect. As announced on 26 July 2013 and 22 October 2013, the full $62.6 million sought through a 1 for 1 entitlement offer at $0.22 per share was successfully completed, with all funds being received. The proposed placement of 102,596,530 shares at $0.22 per share to raise $22,571,236.60 from Blumont is in addition to the entitlement offer proceeds. As announced on 5 December 2013, shareholder approval was received at the AGM held on 29 November 2013 for the placement to Blumont. Funds were due on 4 December 2013 but have not been received. The Company is taking action to obtain the funds from Blumont. Sydney 10 December 2013 JSE Sponsor Macquarie First South Capital Proprietary 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, which accounts for 40% of the country’s remaining coal resources. There are probable reserves of 744.8 million tonnes of coal on 35% of the tenements under the company’s control. Stage 1 of the mine development targets saleable coal production of 6 million tonnes per annum. Date: 10/12/2013 08:45:00 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.