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RAREX LIMITED Capital/Financing Update 2012

Nov 5, 2012

65681_rns_2012-11-05_12e6b11e-75c7-4f1b-892b-4f3d2ccd1740.pdf

Capital/Financing Update

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----- Start of picture text ----- Clancy Exploration Limited Phone: (02) 6361 12853 Corporation Place Fax: (02) 6361 1202Orange NSW 2800 www.clancyexploration.comAustralia [email protected]----- End of picture text -----

ASX / MEDIA ANNOUNCEMENT 6 November 2012

SECONDARY TRADING NOTICE

NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001 ("Act")

On 6 November 2012, Clancy Exploration Limited (ASX: CLY) (the “Company”) issued 2,887,602 fully paid ordinary shares in the capital of the Company (“Shares”) at a deemed issue price of 2.6 cents per share to directors pursuant to the Company’s Employee Incentive Scheme.

Secondary Trading Exemption

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

(a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
(b) as at 6 November 2012 the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
(c) as at 6 November 2012 there is no information:
- (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
- (ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
  - A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
  - B. the rights and liabilities attaching to the Securities.