ASX: RES

2 January 2014

ASX Release Funds received from Blumont

Further to the previous announcement on 18 December 2013, Resource Generation has received the deposit of $2.5 million from Blumont Group Ltd (Blumont) regarding its commitment to the placement of 102,596,530 shares at 22 cents per share, for which payment of $22,571,236.60 was due on 4 December 2013.
The settlement of the balance, including a commercial rate of interest, is due to occur on
26 February 2014. If Blumont does not settle on 26 February 2014, the deposit of $2.5 million will be forfeited with no issue of shares in relation thereto.
Resource Generation reiterates that the proposed placement to Blumont is in addition to the proceeds of $62.6 million from the recent entitlement offer, which was successfully completed in October 2013.

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.

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

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