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IONIC RARE EARTHS LIMITED Capital/Financing Update 2016

Aug 23, 2016

65151_rns_2016-08-23_80860ab0-d544-44bc-894b-5b68c2f0eed7.pdf

Capital/Financing Update

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MARKET RELEASE

24 August 2016

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, 26 August 2016 or when the announcement is released to the market.

Security Code: OVL

Sandra Wutete

Senior Adviser, Listings Compliance (Perth)

Level 40 Central Park 152-158 St Georges Terrace Perth WA 6000

www.asx.com.au Phone:08 9224 0000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

24 August 2016

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

By Email: [email protected]

To whom it may concern,

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 material capital raising.

The Company requests the trading halt remain in place until the earlier of commencement of normal trading on Friday 26[th] August 2016, or when the announcement concerning the transaction 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, 34 Colin Street, West Perth, WA 6005 PO Box 493, West Perth, WA 6872 Telephone: + 61 8 9481 2555

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