IONIC RARE EARTHS LIMITED — Capital/Financing Update 2014

Jan 14, 2014

15 January 2014

Australian Securities Exchange Limited Exchange Plaza, 2 The Esplanade PERTH WA 6000

Dear Sir,

Restricted Securities to be Released from Escrow

Pursuant to ASX listing rule 3.10A, Oro Verde Limited confirms that the following securities will be released from escrow on 3 February 2014:

released from escrow on 3 February 2014:
**Security Description **	**Number **
OrdinaryFullyPaidRestricted (OVLAM)	373,334
Options expiring 31 Dec2014, exercise at $0.27each(OVLAO)	19,750,000
Options expiring 31 Dec2014, exercise at $0.27each(OVLAQ)	2,500,000

Yours Faithfully,

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Brett Dickson

Company Secretary

Oro Verde Limited (ABN 84 083 646 477) Level 1, 30 Richardson Street, West Perth, WA 6005 PO Box 493, West Perth, WA 6872 Telephone: + 61 8 9481 2555

www.oroverde.com.au