ALCHEMY RESOURCES LIMITED — Director's Dealing 2012

Feb 23, 2012

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 30/09/01 Amended 01/01/11

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	Lindsay George Dudfield
Date of last notice	8 December 2011

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

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.

Direct or indirect interest	1.	Direct
	2.	Indirect
Nature of indirect interest	2a.	Jindalee	Resources Limited		(Mr
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	2b.	Dudfield is the Managing Director)Yvonne Dudfield (Spouse)
	2c.	Jopan	Management	Pty	Ltd
		(Spouse	is sole Director		and
		Beneficiary)
Date of change	1, 2a, 2b, 2c		21 February 2012
	2a		24 February 2012
No. of securities held prior to change	1.	12,000
	2a.	9,800,000
	2b.	212,000
	2c.	130,000
Class	Ordinary Fully Paid Shares
Number acquired	1.	4,000
	2a.	12,069,759
	2b.	70,667
	2c.	43,334
Number disposed	Nil
Value/Consideration	13 cents per share
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1.16,000
	2a.21,869,759
	2b.282,667
	2c.173,334
Nature of change	1, 2b, 2c Acquisition under the non-
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	renounceable offer to shareholders2a Acquisition under the non-renounceable
	offer to shareholders and issue of shortfall
	securities pursuant to the Underwriting
	Agreement dated 12January2012.

Part 2 – Change of 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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contractsabove traded during a+closed period where priclearance was required?	detailedor written	No
If so, was prior written clearance provided to allowto proceed during this period?	the trade	N/A
If prior written clearance was provided, on what datprovided?	e was this	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011