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HASTINGS TECHNOLOGY METALS LTD Capital/Financing Update 2012

Feb 5, 2012

65037_rns_2012-02-05_398ac07d-8ebe-40e4-9d94-4ebef32b98a0.pdf

Capital/Financing Update

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MARKET RELEASE

6 February 2012

Hastings Rare Earth Limited

TRADING HALT

The securities of Hastings Rare Earth Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 8 February 2012 or when the announcement is released to the market.

Security Code: HAS

of Heiner

Jill Hewitt Senior Adviser, Listings (Perth)

6.FEB.2012 6:45 ASX PERTH NO.143 $P.2/2$

ASX Announcement 6 February 2012

The Manager

Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street SYDNEY NSW 2000

Hastings Rare Metals Limited ACN 122 911 399

Level 9, 50 Margaret Street Sydney NSW 2000 PO Box R933 Royal Exchange NSW 1225 Australia

Telephone: +61 2 9078 7674 Facsimile: +61 2 9078 7661 [email protected] www.hastingsraremetals.com

Directors David Nolan (Chairman) Steve Mackowski (Director) Anthony Ho (Director)

Advisory Board Tony Grey Dr Tony Mariano

ASX Code: HAS

Shares on Issue 71,413,462 Options on Issue 52,500,000 6 February 2012

The Manager Issuers Department Australian Securities Exchange

Reauest for a Tradina Halt

Hastings Rare Metals Limited (ASX:HAS) requests a trading halt to the trading of the Company's securities until the earlier of an announcement following a capital raising or 8 February 2012.

In accordance with listing rule 17.1 the Company advises that:

    1. The trading halt is necessary as the Company expects to make an announcement to the market in relation to the capital raising outlined above.
  • $2.$ The Company wishes the trading halt to last until such time it makes an announcement to the market concerning the outcome of the capital raising or the 8 February 2012, whichever is the earlier.
    1. The Company is not aware of any reason why the trading half should not be granted.

Yours faithfully

Guy Robertson Company Secretary

Address Level 9, 50 Margaret Street, Sydney NSW 2000 Postal Address PO Box R933 Royal Exchange NSW 1225 Australia Telephone 02 9078 7674 Fax 02 9078 7661 Email [email protected] Website www.hastingsraremetals.com ABN 43 122 911 399