RAREX LIMITED — Director's Dealing 2013

Aug 15, 2013

Appendix 3Y Change of Director’s Interest Notice

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Natalie Forsyth Stock
Date of last notice	3 September 2012

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	Direct	Direct	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.
Date of change	16 August 2013
No. of securities held prior to change	Holder	Security		Number
	NatalieForsythStock	Ordinary fully paidshares		347,009
Class	Ordinary Shares
Number acquired	264,343
Number disposed/expired	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand estimated valuation	Shares issued at the deemed issue price of 0.93 centsper share. Funds advanced pursuant to loan agreement.
No. of securities held after change	Holder		Security	Number
	Natalie Forsyth Stock		Ordinaryfullypaid shares	611,352
Nature of changeExample:on‐markettrade,off‐markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy‐back	Participation in ESOP

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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

**Part 3– **+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011