Clancy Exploration : Becoming a substantial holder

Section 6718

To Company Name/Scheme CLANCY EXPLORATION LIMITED

ACN/ARSN 105 578 756

1. D•tall$ of oub•t•ntial holder (1)

ACN/ARSN (if applicable) 008 877745

Tho holder became a substantial holder an 19I.Q!/ 2016

1. Detalls of voting power The total number of votes attached to all the voling shares in lhe company or voting lntt";iresls In Lhe se;harne that the substantial holder or

   an assaclata (2) had a ralavant ln1arast (3) In on tho dale tho subslanlial holder became a subslanllal holder are as follows:

   Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
   ORD	135,000,000	135, 00 0 , 000	5.73%

2. Detalls of relevant lnterestis The nature of the relevant interest the substantial holder or an associate had In the following voling securlties on the date the substantial

   holder beca'1'a a •ub$!anil$I holder are as follows;

   Holder of relevant interest	Nalure of relevant lnterosl (7)	Class and number of securilies
   OCHRE GROUP NOLDINGS LIMITED	HOLDER OF SECURITIES	135,000,000 ORD

3. Details of present registered holders The persons registered as holders of the securlOe$ l'(:lferred to in peiragraph 3 above are as follows:

   Holder of relevant interest	ReglsLered holder of securities	Person enliiled to be reQlstored as holder (8)	Class and number of securities
   OCHRE GROUP HOLDINGS LIMITED	OCHRE GROUP NOLPINGS LIMITEP	OCHRE GROUP HOLDINGS LIMITED	135,000,000

4. Consideration

The cansldaratlon paid far each relevant interest referred to in paragraph 3 above. and acquired In tho four months prior to lhe day lhat the

Cash Non-cash

OCHRE GROUP NOLDINGS 22/ 08/2016 0.001 135.000,000 ORD

LIMJ:Tf:D

·o. As9ociales

The reasons the persons named In paragraph 3 above are associates of Lha 6Ub6tanlial holder are as follows;

7. Addre,55e5

The addresses of persons named in this form are as follows:

Signature

DIRECTIONS

1. If there are a number of 5ubotanttal holders With similar or related relevant interests (eg. a corporation and lls related corporations, or lhs mar"lager and trustee of an equity lrU$t), Lh1:1 n;;ime$ could be ini;luded in an anne)(ure lo the form. If the relevant interests of a group of persons ars essentially similar, lhey may be referred LO throllghout lhe form as a spec;lfic:ally named group if the membership of each group, with the names and addresses of members is clearly set out In paragraph 7 of lh1:1 form.

2. S•• h• d•flnllon or "assoclal•" In s•ctlon 9 of Iha Corporalions Act 2001.

3. See the definition of "relevant interest" in sections 608 and 671B(7) of lhe Corporations Act 2001.

4. The voting shares of a company oonslllut1:1 on1:1 class unless divided Into sepate ch::6$e$.

5. The total number of votes attachedlo all the voting shares in the company or voting interests in the scheme (If any) that tho person o, an

   associate has a relevant interest in.

6. The person1s votes divided by the total votes inlhe body corporate or scheme multlplled by 100.

7. Include d•talls of:

8. any relevant agreement or other circumstanc:es by which lhe relevant Interest was acquired. lf subsection 6718(4) applles, a copy of any docum1:1nt s1:1tllng out th1:1 l1:1rms of any rGlevant agreement, and a statement by Lhe per5on giving full and accurate details of any contract, scheme or arrangement. must accompany lhls form, tog1:1th1:1r with a w,ltten :st.ate,ru nt certifying this contract, scheme or arrangement; and

9. any .qualification or the power of a personlo exercise. control lhe exercise or, or lnfluenc1:1 the exercise of, lhe voting power's or disposal of lhe securities to which the relevant Interest relales (indicating clearly the partlcular securities to which the quallflcatlon applies).

See lhe deflnitton of "relevant agreement" in section 9 of the Corporations Act 2001.

(B) If the substantlal holder Is unable to determine the Identity of tho person ( •g. If Iha mlavant InWast arlses because of an option) write

"unknown''.

(9) Del.alls of the consldsratlon must Include any and all bensfls, money and other, that any person from whom a relevant interest was acquired has) or may, become entilled to receive In relallon to that acqulslUon. Delalls must be lntludad avan if the benefit is condllional on lhe happening or not of a contingency. Details must be included of any benefit paid on behalf of lhe substantlal holder Or' lls assoc:iate In relation lo the acquisit!ons, even if they are not paid directly to the person from whom lhe relevant interest was acquired.