Alkane Resources — Director's Dealing 2008

Jan 1, 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 Exploration 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 Jeffrey GANDEL
Date of last notice	23 November 2007

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	Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Abbotsleigh Pty Ltd – a company in which the Director is a director and shareholder
Date of change	a) 31 December 2007 b) 2 January 2008
No. of securities held prior to change	37,185,674 shares ALK 500,000 options ALKAU
Class	Ordinary fully paid shares ALK Unlisted options ALKAS Unlisted options ALKAU
Number acquired	a) 7,437,134 ALK b) 25,783,436 ALK
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) 32 cents per share b) 32 cents per share
No. of securities held after change	70,406,244 shares ALK 500,000 ALKAU

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Nature of change a) Acceptance of rights offer Example: on-market trade, off-market trade, exercise of options, b) Underwriting of shortfall to rights offer issue of securities under dividend reinvestment plan, participation in buy-back

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

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	David Ian CHALMERS
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 Interest b) Indirect Interest c) Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	b) Leefab Pty Ltd – a company of which the Director is a director and beneficiary c) Multi Metal Consultants Pty Ltd - a superfund account of which the director is a beneficiary
Date of change	31.12.2007
No. of securities held prior to change	1a) 3,780 shares 1b) 711,154 shares 1c) 94,804 shares 2b) 500,000 ALKAS options 500,000 ALKAU options
Class	1) Ordinary shares 2) Unlisted options: ALKAS ALKAU
Number acquired	1a) 756 1b) 142,230 1c) 18,960

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	32 cents per share
No. of securities held after change	1a) 4,536 shares 1b) 853,384 shares 1c) 113,764 shares 2b) 500,000 ALKAS options 500,000 ALKAU options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acceptance of rights offer to all shareholders

Part 2 – Change of director’s interests in contracts

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001