The Board of Geopacific Resources Limited announced completion of the agreements for the Earn-in agreement with Kula Gold Limited to acquire up to 80% of the Woodlark Gold Project. The decision to proceed to the second tranche of the transaction entitled Geopacific to 5% of Woodlark on execution of the formal agreements. The agreements have been executed in accordance with and replacing the Binding Term Sheet. Geopacific's focus is to maximise the development potential of Woodlark in the shortest possible timeframe, after which it will look toward further exploration potential. The current resource for Woodlark is 45.1 million tonnes at 1.50g/t of gold for 2.12 million ounces, including 26.7 million tonnes for 1.32 million ounces of Measured and Indicated mineralization.