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IONIC RARE EARTHS LIMITED Capital/Financing Update 2014

Apr 15, 2014

65151_rns_2014-04-15_33da4e6e-92a3-4c5d-a58e-4709e8d43aec.pdf

Capital/Financing Update

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Suite 6, 25 Walters Drive, Osborne Park, WA 6017 PO Box 1767, Osborne Park DC, WA 6916 Perth, Western Australia Tel: +61 (8) 9204 2433 Fax: +61 (8) 9244 7273 Email: [email protected] ASX:AVK

16 April 2014 ASX ANNOUNCEMENT

Due Diligence Period Extended For Oro Verde

Argentina Mining Limited (ASX: AVK) (“AVK” or “the Company”) advises shareholders that further to the binding Heads of Agreement signed on 1 April 2014 with Oro Verde Limited (ASX: OVL), and announced to ASX on that date, the Company has agreed to extend the due diligence completion date from 13 May 2014 to 3 June 2014.

Under the terms of the Heads of Agreement, subject to satisfactory due diligence, Oro Verde Limited will acquire 100% of the outstanding shares in AVK’s wholly owned Argentine subsidiary Entropy Resources SA which holds options to acquire the Cerro Blanco, San Francisco and Amiches projects in the Andean Cordillera of San Juan Province, Argentina.

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For further information, please contact:

Company Contacts :

Doug Bright – Chairman

+61 (8) 9204 2433