IONIC RARE EARTHS LIMITED — Director's Dealing 2016

Jan 20, 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 TREVOR WOOLFE
Date of last notice	1 July 2015

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

Direct or indirect interest	Indirect
Nature of indirect interest	Held by a company in which Mr Woolfe is a
(including registered holder)	director and shareholder.
Date of change	20 January 2016
No. of securities held prior to change	5,000,000 fully paid shares
	5,000,000 options exercisable at $0.01 each
	5,000,000 options exercisable at $0.05 each
Class	Fully Paid Shares
Number acquired	8,680,554
Number disposed	-
Value/Consideration	$62,500,000
No. of securities held after change	13,680,554 fully paid shares
	5,000,000 options exercisable at $0.01 each
	5,000,000 options exercisable at $0.05 each
Nature of changes	Participation in the Company’s Directors
	Share Plan approved by shareholders at the
	2015 AGM

Part 2 – Change of director’s interests in contracts

NIL

Appendix 3Y Change of Director’s Interest Notice

Part 3 – Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002