Alkane Resources — Director's Dealing 2008

Jan 2, 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	09.11.2006

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 Interestb) Indirect Interestc)Indirect Interestd) Indirect Intereste) Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	b) Mr Ian Cornelius <Cornelius superfund a/c> - a fund of which thedirector is a trustee and beneficiaryc)Goldtrek Pty Ltd – a company ofwhich the Director is a director andbeneficiaryd) Ordville Pty Ltd (in liquidation) – acompany of which the Director was adirector and indirect shareholdere) Para Nominees Pty Ltd – a companyof which the Director is a directorand shareholder
Date of change	A) 31 December 2007B) 4 December 2007 to date
No. of securities held prior to change	1a) 7,875 shares ALK1b) 588,000 shares ALK2b) 500,000 ALKAS options500,000 ALKAU options1c) 52,500 shares ALK1d) 651,000 shares ALK

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Class	1) Ordinary fully paid shares ALK2) Unlisted options:ALKASALKAU
Number acquired	1a) 1,575 shares ALK1b) 117,600 shares ALK1c) 10,500 shares ALK1e) 325,500 shares ALK
Number disposed	1d) 651,000 shares ALK
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	A) 32 cents per shareB) nil – distribution to shareholders ofcompanyin liquidation
No. of securities held after change	1a) 9,450 shares ALK1b) 705,600 shares ALK2b) 500,000 ALKAS options500,000 ALKAU options1c) 63,000 shares ALK1e) 325,500 shares ALK
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	A)Acceptance of rights offer to allshareholdersB)DistributiontoshareholdersofOrdvilleNomineesPtyLtd(inliquidation)

Part 2 – Change of director’s interests in contracts

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001