RAREX LIMITED — Capital/Financing Update 2016

Oct 10, 2016

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Mr Sebastian Bednarczyk Companies Announcement Office Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Mr Bednarcyzk

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 Thursday, 13 October 2016.

Yours faithfully,

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ROWAN CAREN Company Secretary

Clancy Exploration Limited Suite 23, 513 Hay Street, Subiaco WA 6008 Ph: 08 6143 6720 ACN: 105 578 756