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Alkane Resources Capital/Financing Update 2016

May 3, 2016

48579_rns_2016-05-03_cbd6f35d-bfb4-490e-b170-96bf4a3b91e4.pdf

Capital/Financing Update

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----- Start of picture text ----- ALKANERESOURCES LTDABN 35 000 689 216----- End of picture text -----

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

4 May 2016

Manager Announcements ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

ASX ANNOUNCEMENT DESPATCH OF ENTITLEMENT OFFER BOOKLET

Alkane Resources Ltd confirms that the Entitlement Offer Booklet lodged with ASX on 26 April 2016 has been mailed to shareholders today.

Yours faithfully,

for ALKANE RESOURCES LTD

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Karen E V Brown Company Secretary

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Ground Floor, 89 Burswood Road, Burswood WA 6100, AUSTRALIA (PO Box 4384, Victoria Park WA 6979, AUSTRALIA) Telephone: +61 8 9227 5677 Facsimile: +61 8 9227 8178 www.alkane.com.au [email protected]