G-Resources Group Limited — Capital/Financing Update 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

G-Resources Group Limited 國際資源集團有限公司*

(Incorporated in Bermuda with limited liability) (Stock Code: 1051)

ANNOUNCEMENT

G-RESOURCES – MARTABE PROJECT SCHEDULE UPDATE

Hong Kong, 22 February 2012

As signalled in the Quarterly update in January 2012, G-Resources Group Limited (HKSE: 1051 – “G-Resources” or the “Company”) has undertaken a detailed review of the project schedule to first gold and silver production at Martabe and has revised expected first commercial gold production to July 2012.

At mid-February 2012, the Project is some 80% complete – with most infrastructure operable; the process plant is at the mechanical and electrical installation stage; the tailings storage facility (TSF) is in final construction; initial ore mining has commenced at the Purnama Pit; and the operational teams are mostly recruited and training well under way.

In recent weeks and months the construction schedule has come under pressure from a number of areas –

•  Exceptionally high rainfall in December 2011 (1 metre) slowed down the TSF construction, limited access to construction materials for the TSF and other infrastructure and slowed down some deliveries to site.

•  Delivery of electrical switch rooms plus conveyors and some other fabricated steel items from domestic and offshore sources has been delayed by a few weeks.

•  Some key installation contractors have been slow to mobilise to site and early performance has been less than required.

•  These main issues combined with some probably overly aggressive target setting have seen the target date for first gold now move out to July 2012.

* For identification purpose only

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G-Resources will continue to drive to first gold as soon as possible and has recently instituted further supportive measures –

•  All items and activities not critical to first gold production have been reviewed and will be deferred where practical.

•  The EPCM (Engineering, Procurement and Construction Management) contractor, Ausenco Services PTY LTD, has added further supervisory and management resources at the Martabe site.

•  G-Resources’ Chief Executive Officer, Mr. Peter Albert, will be based at the Martabe site until project completion.

•  The Company is determined to ensure the excellent safety record established at Martabe is sustained and therefore will not be risking safety standards nor compromising project quality and capability to produce to design standards.

This additional time to first production will result in some capital cost increases – largely those to do with construction and installation time extensions rather than capital cost of materials and equipment. At the end of December 2011, the Company had US$164M of cash and liquid assets on hand plus a US$100M debt facility available. The Company currently considers that it has sufficient funds to complete the project and commence production. Capital and operating costs are currently being reviewed in detail and will be disclosed in the next Quarterly Report planned to be released in April 2012.

Refer to Appendix 1 for some current photos and 3D schematics of project progress at Martabe and also please visit the G-Resources website - www.g-resources.com, for further photographic updates on a weekly basis.

About Martabe

The Martabe project is located on the western side of the Indonesian island of Sumatra in the Province of North Sumatra, in the Batangtoru sub-district (Figures 1 and 2) . The project is established under a sixth generation Contract of Work (“COW”) which was signed in April 1997. The COW defines all of the terms, conditions and obligations of both G-Resources and the Government of Indonesia for the life of the COW.

Martabe, with a resource base of 7.86 million ounces of gold and 73.48 million ounces of silver, is G-Resources Group’s core starter asset, around which a globally competitive, Asia-Pacific focused gold company will be built. Martabe is expected to commence production at the Purnama pit in 2012 at a rate of 250,000 ounces per annum of gold and 2-3 million ounces per annum of silver at an anticipated life of mine cash cost in the lowest quartile for global gold producers.

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G-Resources is seeking to rapidly grow production to more than one million ounces of gold annually through exploration of the large and highly prospective COW area and through acquisition of other quality gold assets. The Martabe project enjoys the strong support of the Indonesia Central, Provincial and Local Governments and the nearby communities of Batangtoru.

By Order of the Board G-Resources Group Limited Peter Geoffrey Albert Chief Executive Officer

Hong Kong, 22 February 2012

As at the date of this announcement, the Board comprises:

• (i) Mr. Chiu Tao, Mr. Owen L Hegarty, Mr. Peter Geoffrey Albert, Mr. Ma Xiao, Mr. Wah Wang Kei, Jackie, Mr. Hui Richard Rui and Mr. Kwan Kam Hung, Jimmy as executive directors of the Company;

• (ii) Mr. Tsui Ching Hung as non-executive director of the Company; and

• (iii) Mr. Or Ching Fai, Ms. Ma Yin Fan and Mr. Leung Hoi Ying as independent non-executive directors of the Company.

For media or investor enquiries please contact:

Hong Kong: Melbourne, Australia: Mr. Richard Hui Mr. Owen Hegarty T. +852 3610 6700 T. +61 3 8644 1330

Mrs. Tracey Fanning Mrs. Murraya Nuzli T. +852 3610 6700 T. +61 3 8644 1330

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Figure 1. Deposit and Prospect locations on the Martabe Project area.

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Figure 2. Martabe Project Location.

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Appendix 1

Process plant site 3-D image

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Primary crushing and stockpile

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Grinding area

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Leach tank area

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Water services area

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Raw water tanks

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Water polishing plant

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Gold room structural steel

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Transformer bays

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Reclaim tunnel formwork removal

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Lowlands lime storage facility

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Lifting activities from Lowlands storage yard

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