IONIC RARE EARTHS LIMITED — Share Issue/Capital Change 2012

Dec 6, 2012

7 March 2012

Australian Securities Exchange Limited Exchange Plaza, 2 The Esplanade PERTH WA 6000

Dear Sir,

Restricted Securities to be Released from Escrow

Pursuant to ASX listing rule 3.10A, Oro Verde Limited confirms that 2,003,406 fully paid ordinary shares will be released from escrow on 23 December 2012.

Yours Faithfully,

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Brett Dickson Company Secretary

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

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