RAREX LIMITED — Director's Dealing 2013

Aug 11, 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.

the director for the purposes of section	205G of the Corporations Act.
Name of Director	GORDON JAMES BARNES
Date of last notice	2 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	Direct and Indirect	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Shares and Options held by BT Portfolio ServicesLimited . GordonBarnes is a beneficiary of that account.
Date of change	10 August 2013
No. of securities held prior to change	Holder	Security	Number
	BTPortfolioServicesLimited<Far Range SuperFund Account>	Ordinary fully paidshares	504,041
	Gordon Barnes	Ordinary fully paidshares	1,953,506
	Gordon Barnes	Options expiring 10August2013@17.5 cents each	500,000
	Gordon Barnes	Options expiring 30September 2013 @18.5 cents	500,000
Class	Unlisted Options expiring 10 August 2013 @ 17.5 centseach
Number acquired	Nil
Number disposed/expired	500,000 - Expired

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non‐cash, provide detailsand estimated valuation	Nil	Nil	Nil
No. of securities held after change	Holder	Security	Number
	BT Portfolio ServicesLimited <Far RangeSuper Fund Account>	Ordinaryfullypaid shares	504,041
	Gordon Barnes	Ordinaryfullypaid shares	1,953,506
	Gordon Barnes	Options expiring30September2013@18.5cents	500,000
Nature of changeExample:on‐markettrade,off‐markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy‐back	Expiry of unlisted Options on 10 August 2013.

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