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RAREX LIMITED Capital/Financing Update 2011

Apr 28, 2011

65681_rns_2011-04-28_732e3065-bc95-4776-9a9c-c62720746cbc.pdf

Capital/Financing Update

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MARKET RELEASE

29 April 2011

Clancy Exploration Limited

TRADING HALT

The securities of Clancy Exploration Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Tuesday, 3 May 2011 or when the announcement is released to the market.

Security Code:

CLY CLYO

of Hewill

Jill Hewitt Senior Adviser Listings (Perth)

29 April 2011

Mr Mauro Piccini Companies Announcement Office Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

Via facsimile: (08) 9221 2020

Dear Mr Piccini

REQUEST FOR TRADING HALT - CLANCY EXPLORATION LIMITED ("CLY")

The Company hereby requests a halt in trading of its securities, effective immediately, pending an announcement regarding a capital raising.

We are not aware of any reason why the Company's request should not be granted.

The trading halt will remain in place until not later than the commencement of trading on Tuesday, 3 May 2011.

Yours faithfully,

ROWAN CAREN Company Secretary

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