Genesis Resources Limited announce an updated Mineral Resource estimate, prepared in accordance with The JORC Code, 2012 Edition, for the Plavica Project in Macedonia. The total Measured, Indicated and Inferred Mineral Resources as at November 2017 are estimated at 37.4 million tonnes (MT) at 0.77 grams per tonne of gold (ppm Au) containing 926,000 ounces of gold and 7.7 M ounces of silver. This material is all within oxide and partial oxide (transitional) material which metallurgical testwork shows is recoverable by heap leaching methods. This resource represents an upgrade of 18% on the total ounces of the same material reported last year (Dec 2016). The primary mineralisation (non oxidised) component was not targeted in 2017. The resource estimate follows a series of reverse circulation and diamond drilling campaigns completed to define mineralisation along both the main Plavica ridge and Maricanski Rid. Mineralisation is continuous for over 1km at Plavica and 700m at Maricanski Rid and has been drilled to depths of over 300m. Mineral Resources were classified in accordance with guidelines provided in the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). The Mineral Resource estimate was based on a number of factors and assumptions: An option study carried out by AMEC Foster Wheeler demonstrated that a Heap Leach (HL) process is financially more beneficial to the project than a Carbon-in-Leach (CIL) process, based on the samples collected for testwork. Under this scenario, only oxide (OX) and partially oxide (POX) material qualify as having reasonable prospects for future economic extraction using the selected heap-leach process option. Therefore only oxide and partial oxide mineralisation are included in this Mineral Resource estimate; All of the available borehole data, from Reverse Circulation (RC) and Diamond Drilling (DD), was used in the Mineral Resource estimation except holes drilled by the Yugoslav Government in the 1980's, which are considered unreliable; The mineralisation domain is based on a cut-off grade of 0.2 ppm Au, and was modelled in three dimensions by Golder using an Indicator Kriging approach. The domain was used to flag the sample data and the block model and forms the basis of the statistical analysis and constraining of the grade estimation; A topography surface, resulting from a drone survey flown in 2017, was provided by Genesis. Drill collars from old drill campaigns were registered to the new topographic surface; Golder reviewed the QAQC data delivered by Genesis and considered it satisfactory for the purposes of resource estimation; Statistical and geostatistical analyses were carried out on drilling data composited to 1 m downhole. This included variography to model spatial continuity relationships in the mineralisation domains; and The Ordinary Kriging interpolation method was used for the estimation of gold, silver, copper, arsenic, sulphur and in situ bulk density using variogram parameters defined from the geostatistical analyses.