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IONIC RARE EARTHS LIMITED Capital/Financing Update 2015

May 26, 2015

65151_rns_2015-05-26_7c956a4f-e06e-4243-89d4-4e12030bc458.pdf

Capital/Financing Update

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MARKET RELEASE

27 May 2015

Oro Verde Limited

TRADING HALT

The securities of Oro Verde Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 29 May 2015 or when the announcement is released to the market.

Security Code:

OVL

Ben Secrett Senior Adviser, Listings Compliance (Perth)

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27 May 2015

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

By Email: [email protected]

Dear Sir,

Request for Trading Halt

In accordance with Listing Rule 17.1 Oro Verde Limited (ASX: OVL) requests an immediate trading halt on its securities pending an announcement by the Company regarding a proposed capital raising.

The Company requests the trading halt remain in place until the earlier of commencement of normal trading on Friday 29[th] May 2015, or when the announcement concerning a capital raising is released to the market.

The Company is not aware of any reason why the trading halt should not be granted.

Please contact me if you have any queries in relation to this request.

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

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