ALCHEMY RESOURCES LIMITED — Major Shareholding Notification 2009

Oct 29, 2009

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ABN 17 124 444 122
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30 October 2009

Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

TROY RESOURCES NL CEASES TO BE SUBSTANTIAL SHAREHOLDER

Attached is a Form 605 received today from Troy Resources NL, notifying Alchemy Resources Limited (ASX Code: ALY) (the “Company” or “Alchemy”) that is has ceased to be a substantial shareholder.

Troy reduced its voting power from 9.9% to 4.2% by the sale of 3,610,000 shares to existing sophisticated and professional investors in Alchemy.

ENDS

For further information contact:

Michael Hannington Managing Director Ph: (08) 9481 4400

E: admin@alchemyresources.com.au W: www.alchemyresources.com.au

18 Emerald Terrace GPO Box 2815 West Perth WA 6005 Perth WA 6001

T: +61 8 9481 4400 F: +61 8 9481 4404

605 Page 1 of 2 15 July 2001

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

ACN/ARSN

Alchemy Resources Limited

124 444 122

1. Details of substantial holder (1)

Name

Troy Resources NL

ACN/ARSN (if applicable) 006 243 750

The holder ceased to be a substantial holder on 30 / 10 / 2009

The previous notice was given to the company on 29 / 07 / 2009

The previous notice was dated 29 / 07 / 2009

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

llows:
Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
27/10/2009	Troy	Sale of Shares	$1,197,538	1,610,000	1,610,000
30/10/2009	Troy	Sale of Shares	$1,500,000	2,000,000	2,000,000

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Troy Resources NL	Ground Floor, 44 Ord Street, West Perth WA 6005

Signature

re
print name sign here	David R Sadgrove capacity Company Secretary
	date 30/10/2009

605 Page 2 of 2 15 July 2001

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.