RAREX LIMITED — Major Shareholding Notification 2012

Aug 21, 2012

ASX / MEDIA ANNOUNCEMENT 22 August 2012

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Clancy Exploration Limited Phone: (02) 6361 1285
3 Corporation Place Fax: (02) 6361 1202
Orange NSW 2800 www.clancyexploration.com
Australia info@clancyexploration.com
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UPDATED TOP 20 AND DISTRIBUTION SCHEDULE

Clancy Exploration Limited ( ASX: CLY ) provides an updated Top 20 shareholding listing and distribution schedule following completion of the allotment of consideration shares pursuant to its off‐market takeover bid for Genesis Resources Limited ( ASX: GES ) which closed on 20 August 2012.

‐‐ENDS—

Please direct enquiries to:

Gordon Barnes Managing Director Phone: +61 2 6361 1285 Email: info@clancyexploration.com Web: www.clancyexploration.com

About Clancy Exploration

Clancy Exploration (ASX: CLY) is an Australian‐focused copper, gold, base metals and tin explorer. The Company’s portfolio consists of copper‐gold projects in the Lachlan Fold Belt of NSW, base metal and tin projects in the Mount Read Volcanic Belt of Tasmania, Nadbuck near Broken Hill in NSW and Yalgoo, adjacent to the Golden Grove mine in Western Australia.

In NSW, Clancy has 9 wholly owned and managed projects, 3 joint ventures with Mitsubishi Materials Corporation that are managed by Clancy and 7 joint venture projects which are managed by Gold Fields Australasia Pty Ltd. In Tasmania, Clancy has 2 base metal joint venture projects with Bass Metals and 2 tin joint venture projects with TNT Mines Pty Ltd (a wholly owned subsidiary of Minemakers Ltd). The Tasmanian projects are managed by Clancy's joint venture partners. This mix of Clancy and joint venture project funding allows a high level of exploration activity to be maintained, whilst prudently managing Clancy’s financial resources. Details of Clancy’s projects can be found at the Company's website: www.clancyexploration.com

120822 Announcement ‐ updated top 20 dist schedule

CLANCY CLANCY Page - 1 2 3 4 5 6 7 8 * 9 10 11 * 12 13 14 15 16 * 17 18 19 20	EXPLORATION LIMITED EXPLORATION LIMITED 1 Holder name CITICORP NOM PL HSBC CUSTODY NOM AUST LTD WALLIS-MANCE PL SANDHURST TTEES LTD TRANQUILO INV LTD CENTAURUS RES PL NATIONAL NOM LTD CASTLE BAILEY PL AUST MINERAL & WATERWELL WISE DANIEL PAUL FLUE HLDGS PL ST IVES GOLD MINING CO PL 143 PL DELANEY DAMIAN TATTERSFIELD SEC LTD MOTTE & BAILEY PL J P MORGAN NOM AUST LTD WPG SEC PL CHONG DAVID WYTHENSHAWE PL *** Top 20 total ***	Designation WALLIS-MANCE FAM A LMA A/C D & S BAILEY FAM A ARK INV A/C J F PEARCE FAM A/C BAILEY S/F A/C	Spread & Top	2	0 Listing U Status -* % of issued 7.84% 7.13% 7.00% 6.72% 2.43% 2.35% 2.12% 2.02% 1.95% 1.89% 1.86% 1.84% 1.80% 1.59% 1.50% 1.22% 1.19% 1.16% 1.10% 1.08% _______ 55.79%	Date - 21/08 ser - ALANA *- As at: 0 Units ___________	/ /	2012 Time - 14.30.15 SRSPTP 00/00 -* % of issued _______ %
			*- Curre Units 14,834,687 13,480,887 13,232,785 12,716,095 4,599,279 4,444,444 4,000,000 3,818,847 3,691,539 3,567,354 3,522,710 3,479,069 3,397,019 3,000,000 2,838,040 2,308,250 2,250,000 2,200,000 2,076,735 2,050,346 _____________ 105,508,086	nt

  ** All holders included                  * - Denotes merged holder

CLANCY EXPLORATION LIMITED CLANCY EXPLORATION LIMITED Page - 2 Spread of holdings NIL holding 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 - Total on register Total overseas holders Analysis by location Overseas Australia : ACT NSW VIC QLD SA WA TAS NT Address unknown	Holders Securities 62 6,564 30 111,112 73 619,357 341 14,873,317 182 173,501,341 _______ _____________ 688 189,111,691 _______ _____________ 23 13,981,252 23 13,981,252 7 378,417 240 63,994,642 146 47,314,057 59 4,813,260 32 2,790,562 157 53,562,266 4 436,150 4 85,000 16 1,756,085 _______ _____________ 688 189,111,691 _______ _____________	Spread Analysis Listing Date - 21/08/2012 Time - 14.30.15 User - ALANA SRSPTP % of issued capital .00 % .06 % .33 % 7.86 % 91.75 % ________ 100.00 % ________ 7.39 % 7.39 % .20 % 33.84 % 25.02 % 2.55 % 1.48 % 28.32 % .23 % .04 % .93 % ________ 100.00 % ________

  ** ALL holders included                  ***  Common holders merged into one holding

CLANCY EXP CLANCY EXP Page - Code BEL CHE GBR HKG ISL NZL SGP SWE USA	LORATION LIMITED LORATION LIMITED 3 Country BELGIUM SWITZERLAND (CONFEDER) UNITED KINGDOM GB & N I HONG KONG ICELAND NEW ZEALAND SINGAPORE SWEDEN KINGDOM OF UNITED STATES OF AMERICA Foreign investment Australian investment Totals:- % Foreign to total 7.98%	Foreign Investment Analysis Date - 21/08/2012 Time - 14.30.15 User - ALANA SRSPTP No of Total Holders Securities 1 1,700,000 1 75,000 3 128,639 2 1,500,000 1 20,000 11 9,800,648 2 406,965 1 100,000 1 250,000 ________ _____________ 23 13,981,252 665 175,130,439 ________ _____________ 688 189,111,691 ________ _____________

  ** ALL holders included                  ***  Common holders merged into one holding