Alkane Resources — Board/Management Information 2018

Mar 28, 2018

ASX and MEDIA RELEASE

29 March 2018

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Appointment and Retirement of Company Secretary

Alkane Resources Ltd (ASX: ALK, OTCQX: ANLKY) (" Alkane " or the " Company ") advises that, after long and loyal service to the Company Ms Karen Brown has retired from her role as Company Secretary.

Karen has served Alkane with dedication over a 35 year association where her professional and diligent approach has been of enormous comfort to the Alkane Board. Alkane Chairman, Mr Ian Gandel, said “the Board wishes to thank Karen for her tireless contribution to the Company over many years. Karen has played a pivotal role in assisting the Company and the Board. Her advice has been invaluable, and she will be sadly missed. On behalf of the Board, I would like to thank Karen for her hard work and commitment to Alkane and wish her all the best in her retirement.”

Mr Dennis Wilkins has been appointed Company Secretary of the Alkane Resources Ltd group.

Mr Wilkins is the founder and principal of DWCorporate Pty Ltd, a privately held corporate advisory firm servicing the natural resources industry.

Since 1994 Mr Wilkins has been a director of, and involved in the executive management of, several publicly listed resource companies with operations in Australia, PNG, Scandinavia and Africa. From 1995 to 2001 he was the Finance Director of Lynas Corporation Ltd during the period when the Mt Weld Rare Earths project was acquired by the group. He was also founding director and advisor to Atlas Iron Limited at the time of Atlas’ initial public offering in 2006.

Since July 2001 Mr Wilkins has been running DWCorporate Pty Ltd where he advises on the formation of, and capital raising for, emerging companies in the Australian resources sector.

Pursuant to Listing Rule 12.6, Mr Wilkins will also be the nominated person responsible for communication with ASX in relation to listing rule matters.

: NIC EARNER, MANAGING DIRECTOR, ALKANE RESOURCES LTD, TEL +61 8 9227 5677

: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556

: HILL KNOWLTON STRATEGIES, CONTACT: IAN WESTBROOK, TEL +61 2 9286 1225 OR +61 407 958 137

CONTACT INVESTORS MEDIA

Ground Floor, 89 Burswood Road, Burswood WA 6100, AUSTRALIA (PO Box 4384, Victoria Park WA 6979, AUSTRALIA) Telephone: +61 8 9227 5677 Facsimile: +61 8 9227 8178 www.alkane.com.au mail@alkane.com.au

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ABOUT ALKANE ‐ www.alkane.com.au ‐ ASX: ALK and OTCQX: ANLKY

Alkane is a multi‐commodity company focused in the Central West region of NSW, Australia. Currently Alkane has two advanced projects ‐ the Tomingley Gold Operations (TGO) and the nearby Dubbo Project (DP). Tomingley commenced production early 2014. Cash flow from the TGO has provided the funding to maintain the project development pipeline and will assist with the pre‐ construction development of the DP.

The NSW Planning Assessment Commission granted development approval for the DP on 28 May 2015 and on 24 August 2015 the Company received notification that the federal Department of the Environment gave its approval for the development. Mining Lease 1724 was granted on 18 December 2015 and the Environment Protection Licence was approved on 14 March 2016. Financing for this project is in progress and when completed should make Alkane a strategic and significant world producer of zirconium, hafnium and rare earth products with production targeted for 2019‐20.

Alkane’s most advanced gold copper exploration projects are at the 100% Alkane owned Bodangora, Wellington and Elsienora prospects. Wellington has a small copper‐gold deposit which can be expanded, while at Bodangora a large monzonite intrusive complex has been identified with porphyry style gold copper mineralisation. Gold and base metal mineralisation has been identified at Elsienora.

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Alkane Resources Ltd