ALCHEMY RESOURCES LIMITED — Capital/Financing Update 2007

Nov 21, 2007

ABN 17 124 444 122

PRE-QUOTATION RELEASE UPDATED PRO-FORMA BALANCE SHEET BASED ON $4,875,000 RAISED UNDER THE PROSPECTUS

		ABN 17 124 444 122
PRE		-QUOTATION RELEASE
UPDATED		PRO-FORMA BALANCE SHEE		T
BASED ON $4,875,0		00 RAISED UNDER THE PRO		SPECTUS
				Consolidated
			Consolidated	Consolidated
			Actual	Pro-forma
			ReviewedIFRS Basis	ReviewedIFRS Basis
			17 August 2007	17 August 2007
			$	$
	Current Assets
	Cash and cash equivalents		99,456	4,984,781
	Other		1,878	1,878
	Ttl Ct At		10133	4986659
	oa urren sses		,	,,
	Non-Current Assets
	Exploration & evaluation		111,210	111,210
	Total Non-Current Assets		111210	111210
			,	,
	Total AssetsCt Libiliti		212,544	5,097,869
	urren aesPayables		114,530	114,530
	Other		33,000	0
	Total Current LiabilitiesTotal Liabilities		147,53	114,530
			147,530	114,530
	Net AssetsEquityContributed equityReservesAccumulated lossesTotal Equity		65,0144,983,339
			115,1754,9992,063233,893275,331(284,054)(284,054)
			65,0144,983,339

E: admin@alchemyresources.com.au W: www.alchemyresources.com.au

Suite 9, 36 Ord Street West Perth WA 6005

T: +61 8 9322 2711 F: +61 8 9322 7577

GPO Box 2815 Perth WA 6001