Market Update- Working Capital Funding Resource Generation Limited Registration number ACN 059 950 337 (Incorporated and registered in Australia) ISIN: AU000000RES1 Share Code on the ASX: RES Share Code on the JSE: RSG (“Resgen” or the “Company”) 8 October 2019 JSE Announcement Market Update- Working Capital Funding Resource Generation Limited (ASX:RES) (Resgen or Company) advises that it has received conditional approval from the Board of the Noble Group (Noble) to provide additional working capital to its partly owned subsidiary, Ledjadja Coal (Pty) Ltd (Ledjadja Coal), to cover the projected needs through to 28 February 2020. This agreement includes the following terms and conditions: . extending the facility agreement dated 3 March 2014, as amended from time to time, including most recently on 21 May 2019 (Facility Agreement) by up to an additional US$2.5m; . amending the first date for repayment of the Facility Agreement from 30 September 2019 to 28 February 2020; . executing full form documents effecting the necessary amendment to the Facility Agreement; . Resgen and Ledjadja Coal obtaining all necessary internal and regulatory approvals or waivers in respect of all documents being entered into; and . All costs associated with negotiation and documentation to be borne by Resgen and Ledjadja Coal. 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 (011) 010 6310 Fax +27 (086) 539 3792 Directors: Lulamile Xate (Chairman), Robert Croll, Dr. Konji Sebati, Colin Gilligan, Leapeetswe Molotsane, Manish Dahiya, Michael Gray www.resgen.com.au Interim CEO: Leapeetswe Molotsane Company secretary: Mike Meintjes The working capital component of the Facility Agreement (which includes this additional extension of funds) must be repaid from the proceeds of a project financing facility upon Financial Close. The Company is appreciative of the continued financial support from Noble. The Company continues to progress negotiations with the proposed Lending Syndicate on finalising common terms for funding the construction of the Boikarabelo Mine. The Company will keep the market informed in accordance with its continuous disclosure obligations. The Company also advises that it is planning to schedule the Annual General Meeting for Wednesday 27 November 2019. Lulamile Xate Chairman 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 Coal 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: South Africa: Marion Brower/ Charmane Russell on +27 11 880 3924 JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited PAGE 2 Date: 08/10/2019 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.