29th May 2017

Australian Securities Exchange Level 40, Central Park

152-158 St George's Terrace Perth WA 6000

Attention: Jeremy Newman

Issuers Adviser

Dear Jeremy

Request for Voluntary Suspension

Spectrum Rare Earths Limited ("SPX") requests Voluntary Suspension in trading of the Company's shares, pending the release of an announcement in relation to the issue of a prospectus for a nominal capital raising.

The company plans to lift the suspension by the lodgement of the prospectus, possibly before the commencement of trading on Wednesday 31st May 2017.

SPX is not aware of any reasons why this request for voluntary suspension should not be granted.

Yours sincerely

Spectrum Rare Earths Limited

G R Boden

Company Secretary Registered Office: 15 Lovegrove Close, Mount Claremont WA 6010 | T: 08 9384 3284 | F: 08 9284 3801

ABN: 94 115 770 226 | info@spectrumrareearths.com.au | www.spectrumrareearths.com.au

Spectrum Rare Earths Limited published this content on 29 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 June 2017 01:34:21 UTC.

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