IONIC RARE EARTHS LIMITED — Capital/Financing Update 2017

Oct 15, 2017

16 October 2017

The Company Announcements Office Australian Securities Exchange

via electronic lodgement

Share Purchase Plan – Notice Under Class Order (CO 09/425)

Oro Verde Limited (ACN 083 646 477) ( Company ) (ASX: OVL) gives notice under paragraph 7(f)(ii) of ASIC Class Order (CO 09/425) that:

1. the Company will make offers to issue fully paid ordinary shares in the capital of the Company ( Shares ) under a Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act );

2. the Company is giving this notice under ASIC Class Order [CO 09/425];

3. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

4. as at the date of this notice, there is no information:

   • a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

   • b. that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

     • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • ii. the rights and liabilities attaching to the shares.

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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