IONIC RARE EARTHS LIMITED — Board/Management Information 2007

Dec 20, 2007

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ASX RELEASE

21 December 2007

Managing Director Resignation

Ezenet Limited advises the resignation of Mr Richard Burt as a non-executive director of the Company.

The Board and staff of Ezenet Limited thank Richard for his leadership, skill and contributions to the Company and wish him well in his future activities.

Further information :

Dr Wolf Martinick Chairman

About Ezenet

Listed on the ASX in 1999, Ezenet Ltd (EZE) was originally established to provide a "plug and play" internet set-top box that enabled low-cost web access. In 2001, the company shifted its focus to supplying digital free-to-guest and on-demand pay movies to the Australian hospitality and healthcare industries. In 2003, 100%-owned subsidiary Ezestream Pty Ltd was established to operate Ezenet’s digital movie and internet business. In addition, Ezenet owns shares in AIM-listed Weatherly International plc and KP Renewables plc, as well as ASX-listed Carbine Resources Limited.

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