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IONIC RARE EARTHS LIMITED Capital/Financing Update 2019

Nov 26, 2019

65151_rns_2019-11-26_11fea530-446d-474b-93be-ede9ab8bfdfd.pdf

Capital/Financing Update

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27 November 2019

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ASX Announcement

Option Exercise Price

ORO VERDE LIMITED (ASX code: OVL)

An emerging resource company focused on defining a world-class Rare Earths project

Oro Verde Limited (“Oro Verde”) refers to the Annual General Meeting to be held on Wednesday 27[th] November 2019 at 2:00pm WST.

At the Meeting, shareholders will be asked to approve the grant of options to Directors with an exercise price being “a premium of 50% to the VWAP of the Shares on ASX over 30 trading days on which sales of the Shares are recorded before the date of this Meeting” ( Options ).

KEY PROJECTS – Uganda

Makuutu Rare Earths Project Nicaragua San Isidro Gold Project

Oro Verde wishes to advise that should the grant of Options to the Directors be approved, the exercise price of the Options will be 1.8 cents each.

***** ENDS *****

BOARD OF DIRECTORS

Executive

Marc Steffens Brett Dickson

For enquiries contact: Dr Marc Steffens Executive Director +61 8 9481 2555

Mr Brett Dickson Company Secretary +61 8 9481 2555

Non-Executive

Tony Rovira

MANAGEMENT - NICARAGUA Jacques Levy - Legal Rep.

REGISTERED OFFICE

Level 1, 34 Colin St, West Perth, WA 6005 AUSTRALIA +61 (0) 8 9481 2555

WEBSITE

www.oroverde.com.au

Oro Verde Limited (ASX code: OVL) Level 1, 34 Colin St, West Perth, WA 6005 Phone: +61 8 9481 2555 Fax: +61 8 9485 1290 Email: [email protected]