IONIC RARE EARTHS LIMITED — Director's Dealing 2016

Oct 18, 2016

Appendix 3Y Change of Director’s Interest Notice

Appendix 3Y

Change of Director’s Interest Notice

Name of entity ORO VERDE LIMITED ABN 84 083 646 477

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MR BRETT DICKSON
Date of last notice	11 August 2016

Part 1 - Change of director’s relevant interests in securities

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)	Held by the spouse of Mr Dickson and held bythe Dickson Superannuation
Date of change	14 October 2016
No. of securities held prior to change	a) Direct6,045,330 fully paid shares11,000,000 options exercisable at $0.01 each11,000,000 options exercisable at $0.05 eachb) Indirect15,000,000 fully paid shares11,000,000 options exercisable at $0.01 each11,000,000 options exercisable at $0.05 each
Class	Fully Paid Shares
Number acquired	-
Number disposed	2,500,000
Value/Consideration	$53,818
No. of securities held after change	b) Direct6,045,330 fully paid shares11,000,000 options exercisable at $0.01 each11,000,000 options exercisable at $0.05 eachb) Indirect12,500,000 fully paid shares11,000,000 options exercisable at $0.01 each11,000,000 options exercisable at $0.05 each
Nature of changes	On market sale to meet ATO settlementobligations

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

NIL

Part 3 – Closed period

Part 3 –Closed period
Were the interests in the securities or contracts detailed	No
above traded during a closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002