IONIC RARE EARTHS LIMITED — Capital/Financing Update 2020

Feb 27, 2020

Market Announcement

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28 February 2020

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Oro Verde Limited (ASX: OVL) – Suspension from Official Quotation

Description

The securities of Oro Verde Limited (‘OVL’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of OVL, pending the release of an announcement regarding a capital raising.

Issued by

Sandra Wutete

Senior Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

28 February 2020 ASX Limited

28 February 2020

Mr. S Maloney ASX Limited Level 40, Central Park 152-158 St. George’s Terrace PERTH WA 6000

By Email: tradinghaltsperth@asx.com.au

Dear Sir,

Request for Voluntary Suspension

Pursuant to Listing Rule 17.2, Oro Verde Limited ( Oro Verde or the Company ) (ASX: OVL) requests a temporary voluntary suspension from trading of its securities.

The request for suspension follows from the trading halt requested on Wednesday, 26 February 2020 pending an announcement by the Company regarding a capital raising.

In accordance with listing rule 17.2, the Company provides the following information regarding this request:

1. The voluntary suspension is being requested pending an announcement by the Company regarding a capital raising;

2. The Company anticipates the suspension remain in place until the commencement of normal trading on Monday, 2 March 2020 or when the announcement concerning the capital raising is made;

3. The event which will end the voluntary suspension is the announcement referred to in item 1;

4. It is not aware of any reason why the voluntary suspension should not be granted or any other information necessary to inform the market about the voluntary suspension.

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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