ALCHEMY RESOURCES LIMITED — Capital/Financing Update 2017

May 30, 2017

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31 May 2017

Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2013

ENTITLEMENT ISSUE – ACCEPTANCES AND UNDER SUBSCRIPTION

Alchemy Resources Limited ( Alchemy or the Company ) advises that the pro rata non-renounceable 1 for 3 offer of up to 76,929,345 ordinary fully paid shares (the Issue ) at a price of $0.015 per share announced on 26 April 2017 closed at 5.00 pm (WST) on Friday 26 May 2017 raising $608,793 (before costs).

Applications for 29,968,462 new shares and 10,617,717 shortfall shares were received representing a take up of 52.8%. The Company will now actively seek to place the remaining shortfall of 36,343,166 shares within 3 months following the close of the Issue at a price that is not less than $0.015.

All directors and their associates who were entitled to participate in the Issue applied for their entitlements in full.

The Company expects that the new shares will be allotted and all holding statements dispatched to shareholders on or before 2 June 2017.

The Company would like to thank all shareholders who participated in the Issue for their ongoing support of the Company’s activities.

Yours faithfully

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Leigh Ryan Managing Director

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

Suite 8, 8 Clive Street West Perth WA 6005

GPO Box 2815 T: +61 8 9481 4400 Perth WA 6001 F: +61 8 9481 4404