IONIC RARE EARTHS LIMITED — Director's Dealing 2021

May 10, 2021

Appendix 3Y Change of Director’s Interest Notice

Appendix 3Y

Change of Director’s Interest Notice

Name of entity IONIC RARE EARTHS 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 TIMOTHY HARRISON
Date of last notice	21 December 2020

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

Direct or indirect interest	Indirect
Nature of indirect interest	Registered holder is Timel Holdings Pty Ltd <TMH
(including registered holder)	Holdings A/C>. Mr Harrison is a director and
	shareholder of Timel Holdings Pty Ltd as well as a
	beneficiary of the TMH Holdings Trust
Date of change	7 May 2021
No. of securities held prior to change	Indirect
	3,571,428 Fully Paid Ordinary Shares
	Direct
	20,000,000 Options exercisable at $0.018 each
	20,000,000 Options exercisable at $0.0215 each
Class	Fully Paid Ordinary Shares
Number acquired	1,178,572
Number disposed	-
Value/Consideration	$30,683
No. of securities held after change	Indirect
	4,750,000 Fully Paid Ordinary Shares
	Direct
	20,000,000 Options exercisable at $0.018 each
	20,000,000 Options exercisable at $0.0215 each
Nature of changes	On market purchase

Part 2 – Change of director’s interests in contracts NIL

Part 3 – Closed period

art 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