Alkane Resources — Director's Dealing 2012

Apr 22, 2012

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	Ian Jeffrey GANDEL
Date of last notice	10 April 2012

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	23.04.2012
No. of securities held prior to change	a)75,875,502 ALKb)6,600,000 ALK
Class	Ordinary fully paid shares ALK
Number acquired	a)9,082,373 ALK
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.10
No. of securities held after change	a)85,557,875 ALK1b)6,000,000 ALK11Note 600,000 shares transferred from custodiannominee holding into Abbotsleigh Pty Ltd ownname

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Nature of change Placement as approved by shareholder resolution Example: on-market trade, off-market trade, exercise of options, dated 16 April 2012 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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	Not applicable
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001