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ALCHEMY RESOURCES LIMITED Capital/Financing Update 2017

May 16, 2017

64369_rns_2017-05-16_62f904f5-3fec-4fd0-a057-0f3da054a598.pdf

Capital/Financing Update

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17 May 2017

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

NON-RENOUNCEABLE ENTITLEMENT ISSUE – EXTENSION OF CLOSING DATE

Alchemy Resources Limited (ASX: ALY ) ( Company ) advises that it has resolved to extend the Closing Date for the current non-renounceable entitlement issue.

As announced to the ASX on 26 April 2017, the Company is making a 1 for 3 pro-rata nonrenounceable Entitlement Issue ( Entitlement Issue or Offer ) of up to 76,929,345 new fully paid shares ( New Shares ) at an issue price of $0.015 per New Share to raise up to $1,153,940 (before costs). Eligible Shareholders may also apply for Shortfall Shares in addition to their entitlement.

The Closing date for the Offer has been extended by a further 4 business days to 26 May 2017 . The revised indicative timetable is set out below.

Announcement of Entitlement Offer and Lodgement of Prospectus with ASX 26 April 2017
Shares quoted on an “EX” basis 28 April 2017
Record Date for determining Entitlements 1 May 2017
Prospectus and Entitlement and Acceptance Form dispatched to Eligible 4 May 2017
Shareholders. Offer opens for receipt of Applications.
Closing Date of Entitlement Offer (5pm WST) 26 May 2017
Shares quoted on a deferred settlement basis 29 May 2017
Anticipated date for issue of Securities. Deferred settlement trading ends. 2 June 2017
Trading of New Shares expected to commence 5 June 2017

The dates above are indicative only and subject to change. The Company reserves the right, subject to the Corporations Act and the Listing Rules, to change any date including further extending the Closing Date of the Offer or withdrawing the Offer without notice. Any extension of the Closing Date will have a consequential effect on the issue date of New Shares.

Eligible Shareholders will need to ensure their application moneys for their entitlements and any Shortfall Shares are received by Security Transfer Australia Pty Ltd by no later than 5.00pm (WST) on 26 May 2017.

GPO Box 2815 T: +61 8 9481 4400 E: [email protected] Perth WA 6001 F: +61 8 9481 4404 W: www.alchemyresources.com.au

Suite 8, 8 Clive Street West Perth WA 6005

The Prospectus for the Entitlement Issue has been mailed to Eligible Shareholders and is available on the ASX website and the Company’s website. Eligible Shareholders should read the prospectus and will need to complete the personalised Entitlement and Acceptance Form which accompanies the Prospectus to apply for New Shares and Shortfall Shares.

Yours sincerely

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Oscar Aamodt Chairman

GPO Box 2815 T: +61 8 9481 4400 E: [email protected] Perth WA 6001 F: +61 8 9481 4404 W: www.alchemyresources.com.au

Suite 8, 8 Clive Street West Perth WA 6005