ALCHEMY RESOURCES LIMITED — Director's Dealing 2010

Mar 18, 2010

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Arthur James Hannington
Date of last notice	18 March 2010

Part 1 - Change of director’s relevant interests in securities

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

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	N/A
Date of change	9 July 2008
No. of securities held prior to change	A.310,000B.155,000C.1,000,000D.1,000,000E.1,000,000
Class	A.Ordinary Fully Paid SharesB.Options exercisable at $0.25 onor before 31 August 2010C.Options exercisable at $0.25 onor before 30 June 2011D.Options exercisable at $0.37 onor before 30 June 2012E.Options exercisable at $0.50 onor before 30 June 2013
Number acquired	A.155,000

• See chapter 19 for defined terms.

30/9/2001

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	B.155,000 (options exercised)
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$0.25 per share (Total $38,750)
No. of securities held after change	A.602,661B.NILC.1,000,000D.1,000,000E.1,000,000
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	Exercise of listed options expiring31 August 2010

Part 2 – Change of director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote:Ifconsiderationisnon-cash,providedetailsandanestimatedvaluation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

30/9/2001

Appendix 3Y Page 2