Alkane Resources — Director's Dealing 2008

Feb 7, 2008

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 Alkane Resources Ltd ABN 35 000 689 216

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	Ian Raymond Cornelius
Date of last notice	03.01.2008

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	a)	Direct Interest
	b)	Indirect Interest
	c)	Indirect Interest
	d)	Indirect Interest
Nature of indirect interest	b)	Mr Ian Cornelius <Cornelius super
(including registered holder)		fund a/c> - a fund of which the
Note: Provide details of the circumstances giving rise to therelevant interest.		director is a trustee and beneficiary
	c)	Goldtrek Pty Ltd – a company of
		which the Director is a director and
		beneficiary
	d)	Para Nominees Pty Ltd – a company
		of which the Director is a director
		and shareholder
Date of change	A)	22.01.2008
	B)	05.02.2008
No. of securities held prior to change	1a)	9,450 shares ALK
	1b)	705,600 shares ALK
	2b)	500,000 ALKAS options
		500,000 ALKAU options
	1c)	63,000 shares ALK
	1d)	325,500 shares ALK
Class	1)	Ordinary fully paid shares ALK
	2)	Unlisted options:
		ALKAS
		ALKAU

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Number acquired	A1b) 100,000 shares ALKB1c) 989,509 shares ALK
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	A29.8 cents per shareB34.5 cents per share
No. of securities held after change	1a) 9,450 shares ALK1b) 805,600 shares ALK2b) 500,000 ALKAS options500,000 ALKAU options1c) 1,052,509 shares ALK1d) 325,500 shares ALK
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	On market trade

Part 2 – Change of director’s interests in contracts

==> picture [433 x 308] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001