IONIC RARE EARTHS LIMITED — M&A Activity 2014

Apr 15, 2014

16 April 2014

Due Diligence Period Extended

On 1 April 2014 Oro Verde Limited (ASX: OVL) (“Oro Verde” or “the Company”) announced that it had entered into a binding Heads of Agreement (“HoA”) with Argentina Mining Ltd (“AVK”) to acquire a suite of highly prospective copper, gold and silver projects in the Andean Cordillera of San Juan Province, on the Chilean border of Argentina.

The HoA envisages that Oro Verde Limited will acquire 100% of the outstanding shares in AVK’s wholly owned Argentine subsidiary Entropy Resources SA which holds options to acquire the projects.

In accordance with the terms of the HoA Oro Verde had until to 13 May 2014 to complete Due Diligence. The period that Oro Verde has to complete due diligence has now, by mutual agreement, been extended to 3 June 2014.

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For enquiries contact:

Dr Wolf Martinick Chairman / Managing Director +61 417942466

Brett Dickson Company Secretary +61 8 9481 2555

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Oro Verde Limited (ABN 84 083 646 477) Level 1, 30 Richardson Street, West Perth, WA 6005 PO Box 493, West Perth, WA 6872 Telephone: + 61 8 9481 2555

www.oroverde.com.au