ALCHEMY RESOURCES LIMITED — Major Shareholding Notification 2007

Nov 25, 2007

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Alchemy Resources Limited

ACN/ARSN 124 444 122

1. Details of substantial holder (1)

Name Canaccord Capital (Australia) Pty Ltd <the Big Bird Fund A/C>

ACN/ARSN (if applicable) 115 994 048

The holder became a substantial holder on 26 / 11 / 2007

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully Paid Ordinary	4,816,000	4,816,000	12.16%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Canaccord Capital (Australia)Pty Ltd	Registered Owner	4,816,000 Ordinary
<the Big Bird Fund A/C>

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number of securities
interest	securities	registered asholder(8)
Canaccord Capital(Australia) Pty Ltd	Canaccord Capital(Australia) Pty Ltd	Canaccord Capital(Australia) Pty Ltd	4,816,000 Ordinary
<the Big Bird Fund	<the Big Bird Fund	<the Big Bird Fund
A/C>	A/C>	A/C>

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration (9)	Consideration (9)		Class and number of securities
interest
		Cash		Non-cash
Canaccord Capital(Australia) Pty Ltd	16/03/2007	$30,000			3,000,000 Ordinary
<the Big Bird FundA/C>	17/09/2007	$112,400			1,816,000 Ordinary

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