ALCHEMY RESOURCES LIMITED — Capital/Financing Update 2014

Nov 5, 2014

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ASX Announcement

6 November 2014

Australian Securities Exchange Code: FEL

Ordinary Shares:

219,714,630

Board of Directors: Tony Sage Non-Executive Chairman

Mark Gwynne Executive Director

Paul Kelly Non-Executive Director Eloise von Puttkammer Company Secretary

Fe Limited Contact: Mark Gwynne Executive Director Tel: +61 (8) 6181 9793

Corporate Office: 32 Harrogate St, West Leederville, Western Australia 6007 Australia Telephone +61 8 6181 9793 Facsimile +61 8 9380 9666

Australian Enquiries: Professional Public Relations David Tasker Tel: +61 8 9388 0944 Mob: +61 433 112 936 Email: david.tasker@ppr.com.au

Fe Limited is an Australian domiciled mineral resources exploration and development company.

Fe Limited ABN: 31 112 731 638

Independence elects to enter Bryah Basin Farm-In and Joint Venture

Fe Limited (ASX: FEL ) (the Company ) notes Alchemy Resources Ltd (ASX: ALY ) announcement to the Australian Securities Exchange yesterday, that highly successful mining and exploration company Independence Group NL (ASX: IGO ) has elected to enter into a farm-in and Joint Venture Agreement with Alchemy for its Bryah Basin Project. FEL holds a 20% free-carried interest in four exploration licences totaling 216.5km ² in the Joint Venture.

Full terms of the Farm-in and Joint Venture are included in Alchemy’s announcement dated 30 January 2014.

In addition FEL holds a 20% free-carried interest in six exploration licences and three prospecting licences with joint venture partner, RNI NL (ASX: RNI ) at RNI’s Grosvenor Project, located in the same region. The tenements include the emerging copper/gold projects Forrest, Wodger, Big Billy and Morck’s Well.

RNI announced today highly encouraging results from recent geophysical surveys including discovery of three high priority exploration targets at Morck’s Well, including the Jacques Prospect, which is proximal to high grade gold results from previous drilling. For further information, please refer to RNI’s announcement.

FEL Chairman, Mr Tony Sage said “IGO’s decision to enter into this agreement with considerable expenditure commitment is a strong endorsement of the potential of this emerging region. With the highly successful Degrussa mine located nearby, this is one of the most exciting regions in Australia.” Mr Sage also congratulates RNI on their ongoing exploration success with the Grosvenor Project.

Yours faithfully

Mark Gwynne Managing Director FE LIMITED

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