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RAREX LIMITED Capital/Financing Update 2014

Jan 1, 2014

65681_rns_2014-01-01_b77488fa-6e5d-4334-aa62-419c02c8711c.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

2 January 2014

EXPIRY OF UNLISTED OPTIONS

Clancy Exploration Limited (ASX: CLY) confirms that 1,650,000 unlisted options with an exercise price of 19.5 cents expired on 31 December 2013.

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ROWAN CAREN Company Secretary