RAREX LIMITED — Director's Dealing 2018

Aug 26, 2018

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	65 105 578 756

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	David Scoggin
Date of last notice	31 March 2016

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Held by Evo Fund over which Mr Scoggin has discretion over investment decisions and voting rights.
Date of change	20August2018
No. of securities held prior to change	Nil
Class	a. Unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date b. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date c. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date d. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holderdoesnotresign fromtheBoard before thevesting date
Number acquired	a. 3,000,000 b. 3,000,000 c. 3,000,000 d. 3,000,000
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	• 3,000,000 unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date • 3,000,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 3,000,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 3,000,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestmentplan, participation in buy-back	As approved by shareholders at meeting held on 3 August 2018

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	65 105 578 756

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	David Lenigas
Date of last notice	15 June 2017

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	20August2018
No. of securities held prior to change	100,000,000 unquoted options exercisable at $0.004 each and expiring on31 May2020
Class	a. Unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date b. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date c. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date d. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holderdoesnotresign fromtheBoard before thevesting date
Number acquired	a. 100,000,000 b. 100,000,000 c. 100,000,000 d. 100,000,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	• 100,000,000 unquoted options exercisable at $0.004 each and expiring on 31 May 2020 • 100,000,000 unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date • 100,000,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 100,000,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 100,000,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before thevesting date
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestmentplan, participation in buy-back	As approved by shareholders at meeting held on 3 August 2018

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	65 105 578 756

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	Shaun Hardcastle
Date of last notice	1 December 2017

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Options held by CYM Holdings Pty Ltd of which Mr Hardcastle is a director and shareholder. Performance rights held by Rod Dog Pty Ltd of which Mr Hardcastle is a directorand beneficiary.
Date of change	20August2018
No. of securities held prior to change	20,000,000 unquoted options exercisable at $0.007 each and expiring on30November 2020
Class	a. Unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date b. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date c. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date d. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holderdoesnotresign fromtheBoard before thevesting date
Number acquired	a. 6,250,000 b. 6,250,000 c. 6,250,000 d. 6,250,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	• 20,000,000 unquoted options exercisable at $0.007 each and expiring on 30 November 2020 • 6,250,000 unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date • 6,250,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 6,250,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 6,250,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestmentplan, participation in buy-back	As approved by shareholders at meeting held on 3 August 2018

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	65 105 578 756

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	Scott Patrizi
Date of last notice	30 January 2018

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Options and performance rights held by Valtellin Pty Ltd ATF Agneii Family Trust of which Mr Patrizi is a director and beneficiary.
Date of change	20August2018
No. of securities held prior to change	30,000,000 unquoted options exercisable at $0.0065 each and expiring on31 December 2020
Class	a. Unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date b. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date c. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date d. Unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holderdoesnotresign fromtheBoard before thevesting date
Number acquired	a. 6,250,000 b. 6,250,000 c. 6,250,000 d. 6,250,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	• 30,000,000 unquoted options exercisable at $0.0065 each and expiring on 31 December 2020 • 6,250,000 unquoted performance rights vesting on 3 August 2019, provided that the holder does not resign from the Board before the vesting date • 6,250,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.01 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 6,250,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.015 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date • 6,250,000 unquoted performance rights vesting 12 months after the date that the 10 day VWAP for CLY shares on the ASX is $0.02 or higher within 3 years from the date of issue, provided that the holder does not resign from the Board before the vesting date
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestmentplan, participation in buy-back	As approved by shareholders at meeting held on 3 August 2018

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3