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IONIC RARE EARTHS LIMITED Board/Management Information 2018

Nov 19, 2018

65151_rns_2018-11-19_d5db8ab6-78d0-4140-a9c0-03434e8f8111.pdf

Board/Management Information

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19 November 2018

ASX Announcement

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DIRECTOR RESIGNATION

Oro Verde Limited (“Oro Verde” or “the Company”) (ASX: OVL) advises that Dr Bradford Farrell has resigned as a director of the Company, effective immediately. As a result, resolution 3, Re-election of Dr Bradford Farrell as a Director, will be withdrawn from the agenda for the 2018 annual general meeting of the Company.

Dr Farrell joined the board in November 2011 as Technical Director at a time when the Company was transitioning from a technology software and service company to a mineral resource exploration company.

The Board thanks Dr. Farrell for his guidance and wishes him well and success in his next venture.

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For enquiries contact: Mr Brett Dickson Company Secretary +61 8 9481 2555

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About Oro Verde Limited: Oro Verde Ltd is a mineral exploration company focused on identifying and developing significant gold projects in Central America, particularly Nicaragua. Oro Verde holds an Option to Purchase Agreement to acquire 100% of the Topacio Gold Project in Nicaragua that contains a NI43-101 compliant Inferred Mineral Resource of 340,000 ounces of gold. Oro Verde also holds 100% of the early stage San Isidro Gold Project, also in Nicaragua, located adjacent to the 2.3 million ounce La India gold project.

Oro Verde Limited (ASX code: OVL) Level 1, 34 Colin St, West Perth, WA 6005 Phone: +61 8 9481 2555 Fax: +61 8 9485 1290 Email: [email protected]