RAREX LIMITED — Director's Dealing 2013

Oct 1, 2013

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity	CLANCY EXPLORATION LIMITED
ABN	65 105 578 758

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	GORDON JAMES BARNES
Date of last notice	12 August 2013

Part 1 - Change of director's relevant interests in securities

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.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	Shares and Options held by BT Portfolio ServicesLimited . GordonBarnes is a beneficiary of that account.
Date of change	30 September 2013
No. of securities held prior to change	Holder	Security	Number
	BTPortfolioServicesLimited<far range="" super<br="">Fund Account>	Ordinary fully paidshares	504,041
	Gordon Barnes	Ordinary fully paidshares	1,953,506
	Gordon Barnes	Options expiring 30September 2013 @18.5 cents	500,000
Class	Unlisted Options expiring 30 September 2013 @ 18.5cents each
Number acquired	Nil
Number disposed/expired	500,000 - Expired
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Nil

+ See chapter 19 for defined terms.

No. of securities held after change	Holder	Security	Number
	BT Portfolio ServicesLimited<farRangeSuper Fund Account></far	Ordinaryfullypaid shares	504,041
	Gordon Barnes	Ordinaryfullypaid shares	1,953,506
Nature of changeExample:on-markettrade,off-markettrade,	Expiry of unlisted Options on 30 September 2013.
exercise of options, issue of securities underdividend reinvestment plan, participation in buyback

Part 2 – Change of director's interests in contracts

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.

Detail of contract	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	-
Interest after change	-

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	-
to proceed during this period?
If prior written clearance was provided, on what date was this	-
provided?

+ See chapter 19 for defined terms.