Genesis Minerals : Managing Director's Presentation to Shareholders

	Dawn of Australia's next
	onlymid-tier gold Company
	use	Annual General Meeting
		19 November 2021
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		G r o w i n g a n e w h i g h - g r a d e A u s t r a l i a n g o l d p r o j e c t i n a T i e r - 1 l o c a t i o n

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G r o w i n g a n e w h i g h - g r a d e A u s t r a l i a n g o l d p r o j e c t i n a T i e r - 1 l o c a t i o n

Disclaimer

Forward-Looking Statements

Some statements in this report regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future matters. Forward looking statements include, but are not limited to, statements preceded by words such as "planned", "expected", "projected", "estimated", "may", "scheduled", "intends", "anticipates", "believes", "potential", "could", "nominal", "conceptual" and similar expressions. Forward looking statements, opinions and estimates included in this announcement are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward looking statements are provided as a general guide only and should not be relied on as a guarantee of future performance. Forward looking statements may be affected by a range of variables that could cause actual results to differ from estimated results and may cause the Company's actual performance and financial results in future periods to materially differ from any onlyprojections of future performance or results expressed or implied by such forward looking statements. These risks and uncertainties include but are not limited to liabilities inherent in mine development and production, geological, mining and processing technical problems, the inability to obtain any additional mine licenses, permits and other regulatory approvals required in connection with mining and third party processing operations, competition for among other things, capital, acquisition of reserves, undeveloped lands and skilled personnel, incorrect assessments of the value of acquisitions, changes in commodity prices and exchange rate, currency and interest fluctuations, various events which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions, the

dema d for and availability of transportation services, the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward looking statements will prove to be correct. This a ouncement has been prepared in compliance with the JORC Code (2012) and the current ASX Listing Rules.

JORC Code

It is a requirement of the ASX Listing Rules that the reporting of (amongst other things) exploration results and mineral resources in Australia comply with the 2012 edition of the Joint Ore Reserves Committee's Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while mineral resource estimates of the Company in this document comply with the JORC Code (such JORC Code mineral resources being "Mineral Resources"), they may not comply with usethe r l vant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43-101 Standards"); or (ii) Industry Guide 7, which governs disclosures of mineral reserves in registration statements filed with the US Securities and Exchange Commission (the "SEC"). Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the r porting and disclosure requirements of Canadian or US securities laws. In particular, Industry Guide 7 does not recognise classifications other than proven and probable reserves and, as a result, the SEC generally does not permit mining companies to disclose their mineral

re ources in SEC filings. You should not assume that quantities reported as "resources" will be converted to reserves under the JORC Code or any other reporting regime or that the Company will be able to legally and economically extract them.

Competent Person's Statement

The information in this report that relates to Exploration Results is based on, and fairly represents, information compiled by Mr. Michael Fowler, a Competent Person who is a full-time employee of the Company, a shareholder of Genesis Minerals Limited and is a member of the Australasian Institute of Mining and Metallurgy. Mr. Fowler has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the

'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Fowler consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

ersonalThe Information in this report that relates to Mineral Resources is based on, and fairly represents, information compiled by Mr Paul Payne, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Payne is a full-time employee of Payne Geological Services and is a shareholder of Genesis Minerals Limited. Mr Payne has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the

2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Payne consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Full details of the Ulysses Mineral Resource estimate are provided in the Company's ASX announcement dated 29 March 2021 and entitled "Ulysses Mineral Resource increases to 1.6 Million Ounces". The Company confirms that it is not aware of any new information or data that materially affects the information included in that original market announcement dated 29 March 2021 and the Company confirms that all material assumptions and technical parameters underpinning the mineral resource estimates in that market announcement continue to apply and have not materially changed.

Relea e authorised by: Michael Fowler, Managing Director, Genesis Minerals Limited

G r o w i n g a n e w h i g h - g r a d e A u s t r a l i a n g o l d p r o j e c t i n a T i e r - 1 l o c a t i o n

Investment Overview: Why Genesis?

► Location - prime tenement holding in Eastern Goldfields of WA

► Rapid growth - Resource has grown from 0.32Moz to 1.6Moz1 in 3 years

only
►	Dollars in the ground - we have invested $26m in exploration and feasibility
	study work since 2018

► Strategic M&A - last year's acquisition of the Kookynie tenements has proven

	to be a game-changer
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►	Exceptional results - new shallow discovery at Puzzle North and high-grade
	gold at Admiral

► Strategic funding and Board restructure - positions the Company for growth

Development potential high - Feasibility Study deferred to allow scope of the ersonal► study to be reassessed and optimised, having regard to recent exploration

results, ongoing resource growth and recent Board and management changes

► Significant growth opportunities remain - +70,000m of RC and diamond drilling will be completed in 2021 to feed into next resource update

1 Refer to the ASX announcement dated 29 March 2021 for full details of the Mineral Resource estimate for the Ulysses Gold Project and Kookynie tenements

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G r o w i n g a n e w h i g h - g r a d e A u s t r a l i a n g o l d p r o j e c t i n a T i e r - 1 l o c a t i o n

Package

▪

Pursue other strategic opportunities as they emerge.

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Corporate and general working capital; and

ongoing mining and processing studies;

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Advance the Ulysses gold project through exploration (prioritising the Ulysses, Puzzle and Admiral deposits) and

Funding proceeds will be used to:

►

Important access to People and Capital

GENESIS MINERALS LIMITED SHARE PRICE RESPONSE

Raleigh Finlayson to become Genesis MD, former FMG MD and CEO Neville Power and respected corporate lawyer Michael Bowen also joining the GMD board

Gives GMD the financial and management strength to take our next significant growth steps

►

Consisting of a $16m share Placement at 6c per share and a non-renounceable 1-for-30entitlement offer at 6c per share raising up to an additional $4.8m

Strategic Funding

Strategic Funding and Board Restructure

► $20.8m strategic funding package1 led by former Saracen and Northern Star MD Raleigh Finlayson

only►

►

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ersonal1 Refer to the ASX announcement dated 22 September 2021 "Raleigh Finlayson to Cornerstone Strategic Funding Package". Strategic funding package subject to shareholder approval at GMD's AGM to be held on 19 November 2021.

Kookynie

Acquisition

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Ulysses: A Transformational Opportunity

► Project expanded via strategic acquisition (June 2020) of

	the adjoining Kookynie tenements
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►	March 2021 Mineral Resource incorporated the results of the
	highly successful drilling programs completed (July 20 to
	March 21) at the Ulysses Project following the acquisition of
	Kookynie tenements
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►	Aggressive drilling program ongoing - RC and diamond
► Next Mineral Resource update estimated to be completed in
	March Quarter 2022 due to substantial delays in the receipt of
	assay results from the laboratory
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►	Genesis is the first company to control the Ulysses to Orient
	Well corridor
		G r o w i n g a n e w h i g h - g r a d e A u s t r a l i a n g o l d p r o j e c t i n a T i e r - 1 l o c a t i o n	Slide 5