IONIC RARE EARTHS LIMITED — Major Shareholding Notification 2012

Feb 1, 2012

==> picture [568 x 81] intentionally omitted <==

ASX Announcement

TOP TWENTY HOLDERS

Top Twenty Shareholders

Name	Number of Ordinary	%
Wolf Gerhard Martinick Inkjar PL Austock NOM PL Berenes NOM PL Wadi Al Rawda Industrial Compania Minera Chuminga Martinick Inv PL Neil Thomas O’Loughlin Simon Maxwell Watson Anthony James Hope Matcia Nicholas PL Ajava Holdings PL Kings Park Nominees PL Kings Park Nominees PL Hillbrow Inv Ltd Timothy Lee Hoops Mazuma Management PL James Wallace Hope Rod & Ann Webster Res Gecko	9,561,683 4,916,667 3,500,000 2,666,654 2,104,679 2,003,406 1,774,371 1,572,583 1,421,875 1,076,510 1,067,900 1,000,000 990,060 881,751 862,357 847,667 766,667 702,396 634,633 616,667	12.83 6.60 4.70 3.58 2.82 2.69 2.38 2.11 1.91 1.44 1.43 1.34 1.33 1.18 1.16 1.14 1.03 .94 .85 .83
Total Top 20 Shareholders	38,968,526	52.30
Other Shareholders	35,541,597	47.70
Total Ordinary Shares on issue	74,510,123	100.00

For and on behalf of the Board

==> picture [128 x 34] intentionally omitted <==

Brett Dickson Company Secretary Oro Verde Limited

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