ALCHEMY RESOURCES LIMITED — Director's Dealing 2007

Nov 25, 2007

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Alchemy Resources Limited ABN 17 124 444 122

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	John Phillip Arbuckle
Date of appointment	16 March 2007

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

750,000 Options exercisable at $0.25 on or before 30 June 2011

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	art 2 – Director’s relgistered holder	evant interests in securities of whic		h the director is not the
	the case of a trust, this includ	es interests in the trust made available by the resp		onsible entity of the trust
Name of holder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.Canaccord Capital (Australia) PtyLtd (director)	Name of holdernterest	& nature of	Number & class of	Securities
	ote: Provide details of the circuhe relevant interest.	mstances giving rise to
			4,896,000 Ordinary Fully Paid Shares1,816,000 Options exercisable at $0.25 on orbefore 31 August 2010

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002