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RAREX LIMITED Capital/Financing Update 2013

Feb 24, 2013

65681_rns_2013-02-24_68e09706-54b4-4bff-a75c-48c577304c2e.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 22 February 2013

SECONDARY TRADING NOTICE

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

On 19 February 2013, Clancy Exploration Limited (ASX: CLY) (the “Company”) issued 14,285,714 fully paid ordinary shares in the capital of the Company (“Shares”) at an issue price of 3.5 cents per share to St Ives Gold Mining Company Limited, a nominee of Gold Fields Limited, pursuant to a placement.

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 22 February 2013 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 22 February 2013 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.