Alkane Resources — Director's Dealing 2009

Sep 24, 2009

Appendix 3Y Change of Director’s Interest Notice

yRule 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 Jeffrey GANDEL
Date of last notice	27 February 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	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	25 September 2009
No. of securities held prior to change	70,411,964 shares ALK 500,000 options ALKAU
Class	Ordinary fully paid shares ALK Unlisted options ALKAU
Number acquired	500,000 ALK
Number disposed	500,000 ALKAU
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.30
No. of securities held after change	70,911,964 shares ALK nil ALKAU

• See chapter 19 for defined terms.

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30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of unlisted directors options expiring 30 September 2009

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	John S F DUNLOP
Date of last notice	17.09.2009

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 Interests
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	a) John S Dunlop Nominees Pty Ltd . A superfund of which the director may be a beneficiary b) John S Dunlop & Associates Pty Ltd. A company in which the director is a director and beneficial shareholder
Date of change	17.09.2009 and 25.09.2009
No. of securities held prior to change	a) 301,438 ALK 400,000 ALKAU b) 80,000 ALK 90,000 ALKAU
Class	Ordinary fully paid shares ALK Unlisted options ALKAU
Number acquired	a) 400,000 ALK b) 90,000 ALK
Number disposed	a) 111,438 ALK 400,000 ALKAU b) 90,000 ALKAU
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Share sales 45c per share Option exercise at 30c per share

• See chapter 19 for defined terms.

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30/9/2001

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change a) 590,000 ALK nil ALKAU b) 170,000 ALK nil ALKAU Nature of change On market sales

Example: on-market trade, off-market trade, exercise of options, Exercise of unlisted options expiring 30 issue of securities under dividend reinvestment plan, participation in buy-back September 2009

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