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Alkane Resources Capital/Financing Update 2007

Nov 29, 2007

48579_rns_2007-11-29_908190cb-5a05-4a9c-9167-53ac10fc3492.pdf

Capital/Financing Update

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----- Start of picture text ----- R ESOURCES L TDABN 3 5 0 0 0 6 8 9 2 1 6----- End of picture text -----

30 November 2007

Manager Announcements Company Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

Dear Sir,

RIGHTS ISSUE – PROSPECTUS AND ENTITLEMENT FORMS

Further to the Company’s previously announced non-renounceable entitlements issue to shareholders, we confirm that the Prospectus dated 19 November 2007 and personalised Entitlement and Acceptance forms have been despatched to shareholders.

Yours faithfully,

for ALKANE RESOURCES LTD

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D I Chalmers Managing Director

Registered Office: 129 Edward Street Perth WA 6000 Telephone: 61 8 9227 5677 Facsimile: 61 8 9227 8178 PO Box 8178 Perth Business Centre Western Australia 6849 www.alkane.com.au [email protected]