Alkane Resources — Regulatory Filings 2011

Mar 6, 2011

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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 -----

7 March 2011

Australian Securities Exchange 2 The Esplanade Perth WA 6000

Attn: Nicholas Ong

Dear Nicholas,

Alkane Resources Ltd (ALK) PRICE AND VOLUME QUERY

In response to your letter of 7 March 2011, the Company provides the following answers to your questions:

1. The Company is aware of no information concerning it that has not been announced, which, if known, could be an explanation for recent trading in the securities of the Company.

2. As explained above, there is no information not in the market place or additional to that contained in recent announcements.

3. On 4 March 2011 Standard and Poor’s announced their March quarterly rebalance of S&P/ASX indices stating that Alkane Resources Ltd’s ordinary shares (ALK) have been included in the All Ordinaries Index.

On 4 March 2011 the Company released an updated corporate presentation prior to an investor roadshow in North America.

The Company is aware that RBS Equities (Australia) Limited released a positive equity research paper to their clients on 3 March 2011.

Other than these events, the Company is not aware of any explanation for the price change and increase in volume in the securities of the Company.

1. On behalf of the Board, I confirm that the Company is in compliance with the listing rules, and in particular, listing rule 3.1.

Yours faithfully,

for ALKANE RESOURCES LTD

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Karen E V Brown Joint Company Secretary

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 mail@alkane.com.au

7 March 2011

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ASX Compliance Pty Ltd ABN 26 087 780 489 2 The Esplanade Perth WA 6000

GPO Box D187 Perth WA 6840

Telephone 61 8 9224 0000 Facsimile 61 8 9221 2020 www.asx.com.au

Lindsay Colless Company Secretary Alkane Resources Limited

By Email: lcolless@edward129.com

Dear Lindsay,

Alkane Resources Limited (the “Company”)

PRICE AND VOLUME QUERY

We have noted a change in the price of the Company’s securities from $1.165 on 28 February 2011 to $1.54 today. We have also noted an increase in the volume of trading in the securities over this period.

In light of the price and volume change, please respond to each of the following questions.

1. Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company?

Please note that as recent trading in the Company’s securities could indicate that information has ceased to be confidential, the Company is unable to rely on the exceptions to listing rule 3.1 contained in listing rule 3.1A when answering this question.

1. If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made?

Please note, if the answer to question 1 is yes and an announcement cannot be made immediately, you need to contact us to discuss this and you need to consider a trading halt (see below).

1. Is there any other explanation that the Company may have for the price and volume change in the securities of the Company?

2. Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1.

Your response should be sent to me by facsimile number (08) 9221 2020. It should not be sent to the Company Announcements Office.

Unless the information is required immediately under listing rule 3.1, a response is requested as soon as possible and, in any event, prior to the commencement of trade on Tuesday, 8 March 2011.

Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a suitable form and separately address each of the questions asked. If you have any queries or concerns, please contact me immediately.

Listing rule 3.1

Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities. The exceptions to this requirement are set out in listing rule 3.1A.

In responding to this letter you should consult listing rule 3.1 and Guidance Note 8 – Continuous Disclosure: listing rule 3.1.

If the information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligation is to disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by, answering the questions set out in this letter.

Trading halt

If you are unable to respond by the time requested, or if the answer to question 1 is yes and an announcement cannot be made immediately, you should consider a request for a trading halt in the Company’s securities. As set out in listing rule 17.1 and Guidance Note 16 – Trading Halts we may grant a trading halt at your request. We may require the request to be in writing. We are not required to act on your request. You must tell us each of the following.

• The reasons for the trading halt.

• How long you want the trading halt to last.

• The event you expect to happen that will end the trading halt.

• That you are not aware of any reason why the trading halt should not be granted.

• Any other information necessary to inform the market about the trading halt, or that we ask for.

The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. If a trading halt is requested and granted and you are still unable to reply to this letter before the commencement of trading, suspension from quotation would normally be imposed by us from the commencement of trading if not previously requested by you. The same applies if you have requested a trading halt because you are unable to release information to the market, and are still unable to do so before the commencement of trading.

If you have any queries regarding any of the above, please let me know.

Yours sincerely,

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Nicholas Ong Principal Adviser, Listings (Perth)