Alkane Resources — Director's Dealing 2021

May 4, 2021

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 30/9/01. Amended 01/01/11

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	21 July 2020

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 therelevant interest.	a)Abbotsleigh Pty Ltd – a company in whichthe Director is a director and shareholderb)Citicorp Nominees Pty Ltd – custodiannominee holding for and on behalf ofAbbotsleigh Pty Ltd
Date of change	3 May 2021
No. of securities held prior to change	a)139,292,506 ALKb)8,100,000 ALK
Class	Ordinary fully paid shares ALK
Number acquired	a)3,400,000 ALK
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	a)$0.8591 per share (average price)
No. of securities held after change	a)142,692,506 ALKb)8,100,000 ALK
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	On-market trade.

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

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Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow Not applicable the trade to proceed during this period? If prior written clearance was provided, on what Not applicable date was this provided?

Date of this notice 5 May 2021

• See chapter 19 for defined terms.

01/01/2011 - Appendix 3Y

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