RAREX LIMITED — Director's Dealing 2012

Sep 2, 2012

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	CLANCY EXPLORATION LIMITED
ABN	65 105 578 758

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	MARK ANDREW LESTER
Date of last notice	22 June 2011
Date that director ceased to be director	31 August 2012

Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil.

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature of interestNote: Provide details of the circumstancesgiving rise to the relevant interest		Number & class of securitiesLester Family Investments Pty Ltd62501 Ordinary shares
			,31,251 Options @ $0.15 each expiring 31.07.2013MAL Super Fund Pty Ltd <MAL Super Fund A/c>139,425 Ordinary shares250,000 Director options with an expiry date of 31December 2013 and an exercise price of$0.19569,713 Options @ $0.15 each expiring 31.07.2013

Part 3 – Director’s interests in contracts

	Detail of contract	‐
	Nature of interest	‐
	Name of registered holder(if issued securities)	‐
	No. and class of securities to whichinterest relates	‐

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002