24 November 2011

Annual General Meeting of Shareholders

2011 Year In Review

New Opportunities

• Four exciting new projects Chile September 2010

Dinamarquesa Cu-Au Project

Cerro Verde Cu-Au-Ag Project

Argentina April 2011

Poncha Au - Ag Project

Los Opeñas Au - Ag Project

Exploration Highlights

• Dinamarquesa High grade gold intersected

Porphyry copper – gold mineralisation

• Poncha and Los Opeñas Numerous drill ready high grade epithermal gold targets identified

Planning for drilling underway

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Corporate Overview

ASX Listed (Code: GMD) - Listed August 2007

• High calibre Board – Michael Haynes Chairman

– Michael Fowler Managing Director

– Graeme Smith Non Executive Director

Capital Structure – Issued Capital 77.9 million ordinary shares

12.9 million options

– Top 20 Shareholders 52%

– Major Shareholders Argonaut Limited 8.5%

Directors 6%

Westoria 5.2%

– Market Capitalisation @ ~$0.10 ~$8.0 million

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Targeting high quality gold and copper projects in Chile and Argentina

Capital Raising November 2011

Two Stage Capital Raising to Raise $3.1 million

• Stage 1 - Placement to Investmet Limited 18 million FPO shares @ $0.10/share to raise $1.8 million

18 million unlisted options exercise prices $0.12, $0.15 and $0.20

Completion late January 2012

Share holder approval required

• Stage 2 - Fully underwritten Entitlement Issue to all Shareholders 1 for 8 entitlements issue to raise $1.26 million

Post completion of the Placement

1 for 1 attaching free option exercise prices $0.12, $0.15 and $0.20

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Key Assets

Key Assets • Dinamarquesa Au-Cu-Mo (RTE100%)

• Cerro Verde Au-Cu-Ag (RTE100%)

• Poncha and Los Opeñas Au (RTE100%)

• Strong network developed

• Tight capital structure and loyal Shareholder base

• GMD Management South America

Sergio Mandujano – Lawyer

Executive Director

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Potential for major discovery at all four projects

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Why Chile and Argentina?

Chile • World’s largest copper producer – 35% of world production

• Ranked highly for mining and exploration

• Santiago – modern city of over 6 million people

• Very good infrastructure

• Good title – property rights guaranteed to foreign investors

• Great geological prospectivity

Argentina • Underexplored

• Potential for world class deposits

• Good infrastructure and access

• San Juan Province - responsible development of mining

Genesis Projects - Chile

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DINAMARQUESA

CERRO VERDE

Dinamarquesa Au-Cu Project

• Highly mineralised Inca de Oro metallogenic belt

• Paleocene Porphyry belt

• Over 0.5Mozs mined from numerous high grade veins (10 to 100g/t Au)

• Inca de Oro Project and Carmen Project

• Two main styles of Au – Cu mineralisation High grade vein mineralisation

Porphyry style mineralisation

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Considerable potential to discover high grade gold – copper mineralisation

Dinamarquesa Gold - Copper Project

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Looking South West

High Grade Gold Zone

Porphyry Copper Gold Zone

Dinamarquesa Results – High Grade Gold

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NW

SE

Gold Section

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194m

196m

NW SE

1m @ 12g/t Au from 95m

Dinamarquesa Results - Porphyry Copper

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Dinamarquesa Results - Porphyry Copper

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Dinamarquesa - Porphyry Copper Potential

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• Two porphyries identified

• Upper levels of porphyry system qz-py + qz-py-cpy

stockworks

increased occurrence of A, B and D type veinlets

Mo in quartz veinlets

• Quartz-feldspar porphyry forms a major exploration target

Dinamarquesa Project

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Cerro Verde Au-Cu-Ag Project - Summary

• Very good access

• Altitude - 1,800 to 2,200m

• Relief - low to moderate

• Exploration all year round

• Small scale mining up to 17% Cu

• Limited modern exploration

• Paleocene metallogenic belt of northern Chile

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Cerro Verde Au-Cu-Ag Project

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• Limited historical exploration completed

• Homestake - 1998 and 1999 Hochschilds - 2004 and 2005

• Significant Au, Cu and Ag surface mineralisation over a 5km by 2km area • 83 of 334 >1g/t Au (max. 19.5g/t Au)

• 113 of 334 > 1% Cu (max 7.9% Cu)

• Max. 1215g/t Ag

• Strong As-Ba-Bi-Hg-Mo-Pb anomalism

• 5 shallow holes completed 0.67m @ 5.4g/t Au and 3.6% Cu

0.34m @ 11g/t Au, 8.1% Cu , 88g/t Ag

Cerro Verde Au-Cu-Ag Project

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Genesis Projects - Argentina

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• Poncha and Los Opeñas • High to bonanza grade gold

• Projects located in San Juan Province

• Good infrastructure

• Mining and exploration friendly

• Drill ready targets at both projects

• Target – multi million ounce epithermal gold systems with significant Ag, Zn and Pb

Poncha

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• High grade epithermal gold system • Intermediate sulphidation

system rich in Au – Ag –Zn -Pb

• Limited previous exploration

• Numerous drill ready high grade Au targets +-Ag-Zn-Pb

• Agreement with Teck • Exploration expenditure of

US$5m over 36 months (RTE100%)

• 4,000m minimum by June 2012

Poncha – Southern Epithermal Target

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Poncha Target – Schematic Cross Section

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North-South Trending Mineralised Fault/Breccia Zone

– FeOx gossan ± carbonate (siderite) + clay (quartz-poor)

Hole RCPC-13 (drilled due south) 266m @1.21g/tAu

Poncha – Southern Epithermal Target

Poncha – Epithermal South Target

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Interpreted Mineralised Trend

Looking down valley along access

TALUS SLOPE

ALLUVIAL COVER

Los Opeñas

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• Extensive high grade epithermal system identified at surface over 4.5km

• No drilling

• Rock chip sampling and mapping

• Values up to 49g/t Au, 183g/t Au and 6,800g/t Ag

• Agreement with Teck • Exploration expenditure of

US$0.5m over 36 months (RTE100%)

• 1,500m minimum by June 2012

Los Opeñas Target Zones - Gold

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No Drilling Completed at Project

Defined Drill Targets Ready

Los Opeñas Target Zones - Silver

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Los Opeñas – Breccia Target

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Phreatomagmatic breccia body “B”

Phreatomagmatic breccia body abundant basement clasts

Jarosite-pyrolusite-filled fractures

Going Forward

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• Exploration Programs

• Poncha Targeting Drilling Late January 2012

• Los Opeñas Targeting Drilling February 2012

• Dinamarquesa Results Received with further drilling planned

• Cerro Verde Mapping and Sampling Ongoing

• Strong News Flow Anticipated In The First Half of 2012 • Key opportunity in Chile and Argentina is that significant, mid-sized

projects that generally do not meet established criteria of major resource are available

• Primary objective is to discover and/or acquire commercially significant mineral deposits that can be readily brought into production

• Target advanced resources of copper and gold in Chile and Latin America

The information in this announcement was compiled by Michael Fowler, Genesis Minerals Limited Managing Director, who is a Member of The Australasian Institute of Mining and Metallurgy. Michael Fowler has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 JORC Code. Michael Fowler consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

The Next One

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• AND <$0.20/share October 2005

• $6.61/ share December 2010

• +33 times increase in share price

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Andean Share Price