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")

17 October 2017 ASX Announcement

Director Resignation

Denis Gately has notified the Company of his intention to resign as Chairman and a Director of the Company with effect on and from the conclusion of the Annual General Meeting of the Company called for 22 November 2017. The continuing Directors propose to elect Lulamile Xate as Chairman to succeed Mr Gately.

The Board would like to thank Denis for his leadership and contribution as Chairman since November 2015 and wishes him well for the future.

Mike Meintjes Company Secretary

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

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 CEO: Rob Lowe Company secretary: Mike Meintjes

www.resgen.com.au

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/ Charmane Russell on +27 11 880 3924 JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

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Resource Generation Limited published this content on 17 October 2017 and is solely responsible for the information contained herein.
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