HASTINGS TECHNOLOGY METALS LTD — Share Issue/Capital Change 2012

Apr 25, 2012

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Hastings Rare Metals Ltd

ABN

43 122 911 399

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Unlisted Share Options
	1,000,000
	Options Exercisable at 15 cents per share before 31 March 2014

• See chapter 19 for defined terms.

Appendix 3B Page 1

1/1/2003

4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable)	N/A	N/A
	No consideration for options
	As outlined in the Notice of Meeting dated 9 March 2012 and approved at the Shareholders meeting on 11 April 2012. Issued under Resolution 4
	26 April 2012
	Number	+Class
	125,263,462 60,850,000	Fully Paid Ordinary Listed options exercisable at 15c before 31 March 2014

Number +Class 9 Number and +class of all 22,500,000 Options - Exercisable at +securities not quoted on ASX $0.25, Exp 31/12/2013 ( including the securities in clause 2 if applicable) 10,000,000 Director Options - Exercisable at $0.40, Exp 31/12/2013 5,000,000 Consultant Options - Exercisable at $0.40, Exp 31/12/2013 15,000,000 Options - Exercisable at $0.25, Exp 09/03/2014 500,000 Options – Exercisable at 40 c per share expiry 31 December 2013

• 10 Dividend policy (in the case of a N/A trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval N/A required? 12 Is the issue renounceable or nonN/A renounceable? 13 Ratio in which the[+] securities will N/A be offered 14 +Class of +securities to which the N/A offer relates 15 +Record date to determine N/A entitlements 16 Will holdings on different registers N/A (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in N/A relation to fractions

• See chapter 19 for defined terms.

Appendix 3B Page 3

1/1/2003

18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell_part_	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

of their entitlements through a broker and accept for the balance?

32 How do[+] security holders dispose of their entitlements (except by sale through a broker)?

N/A

33 +Despatch date

N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a)  Securities described in Part 1

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35  If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36  If the +securities setting out the number of holders in the categories[+] securities are[+] equity securities, a distribution schedule of the additional

1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

Appendix 3B Page 5

1/1/2003

Entities that have ticked box 34(b)

38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) 42 Number and+class of all+securities quoted on ASX (_including_the securities in clause 38)	60,850,000
	Share options
	N/A
	N/A
	Number	+Class
	125,263,462 60,850,000	Fully Paid Ordinary Listed options exercisable at 15c before 31 March 2014

• See chapter 19 for defined terms.

Appendix 3B Page 6

1/1/2003

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:

==> picture [114 x 84] intentionally omitted <==

Date: 26/04/2012

(Director/Company Secretary)

Print name: Guy Robertson

== == == == ==

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 7

HASTINGS HASTINGS Page - 1 * 2 3 4 5 6 * 7 * 8 * 9 * 10 * 11 12 * 13 * 14 15 * 16 * 17 18 * 19 20 * * ** All	RARE METALS LTD RARE METALS LTD - OPTIONS EXPIR 1 Holder name UOB KAY HIAN PRIVATE LTD A1 INV & RES LTD SWIFT VENTURE HLDGS CORP ALVITO CAP HLDGS INC NATIONAL NOM LTD LEW FOON KEONG FRANKS NEIL BARRY NEWTON JOHN ALLAN + W G CHIFLEY PORTFOLIOS PL LIABILITY AURALANDIA NO JP MORGAN NOM AUST LTD HSBC CUSTODY NOM AUST LTD KING FAME GRP LTD IDRIS ZEFNY MOHD JACOBS PAUL QUINCY NOM PL VICARIO INV LTD STAR OFFSHORE SVCS NZ LTD TURRET INV PL BEIRNE TRADING PL ** Top 20 total *** holders included	ING 31/03/14 @ $0.15 Designation CLIENTS A/C DRAWONE S/F A/C DAVID HANNON RETMN S/F ACCOUNT * - Denotes merged ho	Spread &	Top	2	0 Listing D U Status -* of issued 21.72% 13.37% 11.70% 9.02% 4.18% 2.92% 2.92% 2.34% 2.17% 2.09% 1.67% 1.67% 1.67% 1.00% 1.00% .84% .84% .84% .67% .67% _______ 83.30%	ate - ser - *- As ______	24/04/2012 Time - 16.17.07 SUE SRSPTP at: 0/00/00 -* Units % of issued _____ _______ %	24/04/2012 Time - 16.17.07 SUE SRSPTP at: 0/00/00 -* Units % of issued _____ _______ %
			*- Curren Units 13,000,000 8,000,000 7,000,000 5,400,000 2,500,000 1,750,000 1,750,000 1,400,000 1,300,000 1,250,000 1,000,000 1,000,000 1,000,000 600,000 600,000 500,000 500,000 500,000 400,000 400,000 _____________ 49,850,000	Curren Units	t %
								_____
			lder

	HASTINGS RARE METALS LTD HASTINGS RARE METALS LTD - OPTIONS EXPIRI Page - 2 Spread of holdings NIL holding 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 - Total on register Total overseas holders Analysis by location Overseas Australia : ACT NSW VIC QLD SA WA TAS NT Address unknown	NG 31/03/14 @ Holders 1 44 62 _______ ___ 107 _______ ___ 13 13 0 24 24 2 1 40 2 0 1 _______ ___ 107 _______ __	$0.15 Securities 10,000 2,620,000 58,220,000 __________ 60,850,000 __________ 31,900,000 31,900,000 14,007,000 5,493,000 120,000 30,000 6,450,000 350,000 2,500,000 __________ 60,850,000 ___________	Spread Analysis Listing Date - 24/04/2012 Time - 16.17.07 User - SUE SRSPTP % of issued capital .00 % .00 % .02 % 4.30 % 95.68 % ________ 100.00 % ________ 52.88 % 52.42 % .00 % 23.02 % 9.03 % .20 % .05 % 10.60 % .58 % .00 % 4.10 % ________ 100.00 % ________

  ** ALL holders included                  ***  Common holders merged into one holding

 HASTINGS RARE METALS LTD                                          Foreign Investment Analysis Date - 24/04/2012 Time - 16.17.07
 HASTINGS RARE METALS LTD - OPTIONS EXPIRING 31/03/14 @ $0.15                                  User - SUE               SRSPTP
 Page -    3

                                             No of                Total
CodeCountry                        HoldersSecurities
 ARE        UNITED ARAB EMIRATES                 1                   400,000
 CHN        CHINA                                1                    50,000
 GBR        UNITED KINGDOM GB & N I              2                   550,000
 HKG        HONG KONG                            1                 5,400,000
 NZL        NEW ZEALAND                          1                   500,000
 SGP        SINGAPORE                            4                23,500,000
 USA        UNITED STATES OF AMERICA             2                   500,000
 VGB        VIRGIN ISLANDS BRITISH               1                 1,000,000
                                          ________             _____________
            Foreign investment                  13                31,900,000
            Australian investment               94                28,950,000
                                          ________             _____________
            Totals:-                           107                60,850,000
                                          ________             _____________
            % Foreign to total  110.19%

  ** ALL holders included                  ***  Common holders merged into one holding